Aurora Innovation, Inc. (NASDAQ:AUR) Receives Consensus Rating of "Moderate Buy" from Brokerages

Key Points

• Aurora Innovation, Inc. has received a consensus recommendation of "Moderate Buy" from nine analysts, with an average target price of $10.75.
• Insider trades have been noteworthy, including Director John J. Donahoe buying 162,337 shares for approximately $990,255, while Director Gloria R. Boyland sold 46,097 shares worth around $272,894.
• The company reported earnings of ($0.11) EPS for the last quarter, exceeding analysts' expectations of ($0.12) and generating revenue of $1.00 million.

Aurora Innovation, Inc. (NASDAQ:AUR - Get Free Report) has received a consensus rating of "Moderate Buy" from the nine analysts that are presently covering the stock, MarketBeat reports. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $10.75.

Several analysts recently issued reports on AUR shares. Canaccord Genuity Group increased their price target on Aurora Innovation from $10.00 to $15.00 and gave the company a "buy" rating in a report on Friday, May 2nd. The Goldman Sachs Group increased their price target on Aurora Innovation from $6.00 to $7.00 and gave the company a "neutral" rating in a report on Monday, May 12th. Finally, Needham & Company LLC increased their price target on Aurora Innovation from $10.00 to $13.00 and gave the company a "buy" rating in a report on Friday, May 9th.

Insider Activity

In related news, Director John J. Donahoe purchased 162,337 shares of Aurora Innovation stock in a transaction dated Wednesday, August 6th. The shares were acquired 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 owned 162,337 shares of the company's stock, valued at approximately $990,255.70. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Gloria R. Boyland sold 46,097 shares of the stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $5.92, for a total transaction of $272,894.24. Following the transaction, the director directly owned 330,425 shares in the company, valued at $1,956,116. The trade was a 12.24% decrease in their position. The disclosure for this sale can be found here. 11.85% of the stock is owned by company insiders.

Hedge Funds Weigh In On Aurora Innovation

A number of large investors have recently bought and sold shares of the business. Uber Technologies Inc bought a new position in Aurora Innovation in the fourth quarter worth about $2,053,632,000. Vanguard Group Inc. lifted its holdings in Aurora Innovation by 2.1% in the first quarter. Vanguard Group Inc. now owns 115,413,401 shares of the company's stock worth $776,155,000 after acquiring an additional 2,392,995 shares during the last quarter. Toyota Motor Corp bought a new position in Aurora Innovation in the fourth quarter worth about $298,294,000. Price T Rowe Associates Inc. MD lifted its holdings in Aurora Innovation by 13.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 26,671,319 shares of the company's stock worth $168,030,000 after acquiring an additional 3,237,609 shares during the last quarter. Finally, Durable Capital Partners LP lifted its holdings in Aurora Innovation by 36.7% in the second quarter. Durable Capital Partners LP now owns 20,404,238 shares of the company's stock worth $106,918,000 after acquiring an additional 5,481,969 shares during the last quarter. Institutional investors own 44.71% of the company's stock.

Aurora Innovation Trading Down 3.5%

Shares of Aurora Innovation stock traded down $0.21 during trading hours on Friday, reaching $5.77. 32,327,440 shares of the company's stock were exchanged, compared to its average volume of 22,313,652. Aurora Innovation has a 52-week low of $3.40 and a 52-week high of $10.77. The firm has a market capitalization of $10.65 billion, a price-to-earnings ratio of -12.28 and a beta of 2.49. The company has a fifty day moving average of $5.78 and a 200-day moving average of $6.48.

Aurora Innovation (NASDAQ:AUR - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The company reported ($0.11) earnings per share for the quarter, topping analysts' consensus estimates of ($0.12) by $0.01. The business had revenue of $1.00 million for the quarter, compared to analysts' expectations of $0.50 million. On average, equities research analysts anticipate that Aurora Innovation will post -0.49 earnings per share for the current fiscal year.

About Aurora Innovation

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.