Aurora Innovation, Inc. (NASDAQ:AUR) Given Average Recommendation of "Moderate Buy" by Brokerages

Key Points

• Aurora Innovation, Inc. has received a consensus recommendation of "Moderate Buy" from analysts, with four hold ratings and five buy ratings.
• The average target price for the company's stock is $10.75, indicating potential upside from its current trading position.
• Institutional investors control 44.71% of Aurora's stock, with several firms increasing their stakes in the company recently.

Shares of Aurora Innovation, Inc. (NASDAQ:AUR - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the nine analysts that are currently covering the firm, MarketBeat reports. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month price objective among analysts that have covered the stock in the last year is $10.75.

Aurora Innovation Price Performance

Shares of NASDAQ:AUR traded up $0.17 during trading on Thursday, reaching $6.06. 17,945,453 shares of the company were exchanged, compared to its average volume of 18,621,990. The business's fifty day simple moving average is $5.95 and its 200-day simple moving average is $6.21. Aurora Innovation has a 12-month low of $4.65 and a 12-month high of $10.77. The firm has a market capitalization of $11.18 billion, a PE ratio of -12.89 and a beta of 2.48.

Aurora Innovation (NASDAQ:AUR - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The company reported ($0.11) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.12) by $0.01. The firm had revenue of $1.00 million during the quarter, compared to the consensus estimate of $0.50 million. On average, sell-side analysts anticipate that Aurora Innovation will post -0.49 EPS for the current fiscal year.

Insider Activity at Aurora Innovation

In other news, Director John J. Donahoe bought 162,337 shares of the firm's stock in a transaction that occurred on Wednesday, August 6th. The stock was bought at an average price of $6.10 per share, with a total value of $990,255.70. Following the completion of the transaction, the director directly owned 162,337 shares of the company's stock, valued at approximately $990,255.70. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 11.85% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Aurora Innovation

A number of large investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its position in Aurora Innovation by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 115,413,401 shares of the company's stock valued at $776,155,000 after buying an additional 2,392,995 shares in the last quarter. Toyota Motor Corp purchased a new stake in shares of Aurora Innovation during the fourth quarter worth about $298,294,000. Durable Capital Partners LP increased its holdings in shares of Aurora Innovation by 36.7% during the second quarter. Durable Capital Partners LP now owns 20,404,238 shares of the company's stock valued at $106,918,000 after acquiring an additional 5,481,969 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Aurora Innovation by 0.3% during the first quarter. Charles Schwab Investment Management Inc. now owns 8,721,799 shares of the company's stock valued at $58,654,000 after acquiring an additional 27,852 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of Aurora Innovation in the 2nd quarter valued at approximately $42,421,000. 44.71% of the stock is owned by institutional investors and hedge funds.

Aurora Innovation Company Profile

Aurora Innovation, Inc operates as a self-driving technology company in the United States. It focuses on developing Aurora Driver, a platform that brings a suite of self-driving hardware, software, and data services together to adapt and interoperate vehicles. The company was founded in 2017 and is headquartered in Pittsburgh, Pennsylvania.