Aurora Innovation, Inc. (NASDAQ:AUR) Receives Consensus Rating of "Hold" from Analysts

Key Points

• The eight covering brokerages give Aurora a consensus rating of “Hold”, comprised of 2 sells, 2 holds and 4 buys, with an average 12‑month price target of $10.34.
• Notable recent analyst moves include Goldman Sachs cutting its target to $4.00 and keeping a neutral stance while Weiss reissued a sell and Needham/Cantor continued to rate the stock more positively.
• Aurora trades around $4.49 (1‑year range $3.60–$8.25) with a market cap of ~$8.75B; last quarter EPS was ‑$0.12 (met estimates) while revenue of $1.0M missed, and analysts forecast about ‑0.49 EPS for the current fiscal year.

Shares of Aurora Innovation, Inc. (NASDAQ:AUR - Get Free Report) have received an average recommendation of "Hold" from the eight brokerages that are covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and four have given a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $10.34.

A number of brokerages have commented on AUR. Weiss Ratings reissued a "sell (d-)" rating on shares of Aurora Innovation in a research note on Wednesday, January 21st. The Goldman Sachs Group dropped their price target on Aurora Innovation from $6.00 to $4.00 and set a "neutral" rating for the company in a research report on Wednesday, November 26th. Needham & Company LLC reissued a "buy" rating and set a $13.00 price objective on shares of Aurora Innovation in a research note on Thursday, February 12th. TD Cowen decreased their price objective on Aurora Innovation from $5.50 to $4.70 and set a "hold" rating on the stock in a research report on Friday, February 13th. Finally, Cantor Fitzgerald reiterated an "overweight" rating on shares of Aurora Innovation in a report on Monday, February 9th.

Institutional Investors Weigh In On Aurora Innovation

Institutional investors have recently made changes to their positions in the company. Danske Bank A S bought a new position in Aurora Innovation during the 3rd quarter valued at about $36,000. N.E.W. Advisory Services LLC bought a new position in shares of Aurora Innovation during the third quarter valued at approximately $44,000. Garton & Associates Financial Advisors LLC bought a new position in shares of Aurora Innovation during the fourth quarter valued at approximately $35,000. Fifth Third Bancorp raised its holdings in shares of Aurora Innovation by 101.4% in the third quarter. Fifth Third Bancorp now owns 9,930 shares of the company's stock worth $54,000 after buying an additional 5,000 shares during the period. Finally, Evolution Wealth Advisors LLC purchased a new stake in shares of Aurora Innovation in the second quarter worth approximately $52,000. Institutional investors own 44.71% of the company's stock.

Aurora Innovation Price Performance

NASDAQ AUR opened at $4.49 on Thursday. Aurora Innovation has a 1-year low of $3.60 and a 1-year high of $8.25. The business has a 50 day simple moving average of $4.43 and a two-hundred day simple moving average of $4.82. The stock has a market capitalization of $8.75 billion, a PE ratio of -9.98 and a beta of 2.45.

Aurora Innovation (NASDAQ:AUR - Get Free Report) last posted its earnings results on Wednesday, February 11th. The company reported ($0.12) EPS for the quarter, meeting analysts' consensus estimates of ($0.12). The firm had revenue of $1.00 million for the quarter, compared to the consensus estimate of $1.47 million. On average, analysts anticipate that Aurora Innovation will post -0.49 EPS for the current fiscal year.

About Aurora Innovation

Aurora Innovation, Inc is a technology company specializing in the development of self-driving vehicle systems for both passenger and commercial applications. Headquartered in Mountain View, California, Aurora has built an end-to-end platform—known as the Aurora Driver—that integrates proprietary software, machine learning algorithms and a suite of sensors (LiDAR, radar and cameras) to enable vehicles to operate safely and efficiently in diverse driving environments.

The company's core business revolves around designing, testing and deploying its autonomy stack on vehicles from established automotive and transportation partners.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.