Aurora Innovation, Inc. (NASDAQ:AUR) Receives Consensus Recommendation 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 been given an average rating of "Moderate Buy" by the nine analysts that are covering the company, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $10.75.

Several research firms have recently weighed in on AUR. Needham & Company LLC lifted their target price on shares of Aurora Innovation from $10.00 to $13.00 and gave the stock a "buy" rating in a research note on Friday, May 9th. The Goldman Sachs Group lifted their target price on shares of Aurora Innovation from $6.00 to $7.00 and gave the stock a "neutral" rating in a research note on Monday, May 12th. Finally, Canaccord Genuity Group lifted their target price on shares of Aurora Innovation from $10.00 to $15.00 and gave the stock a "buy" rating in a research note on Friday, May 2nd.

Insider Buying and Selling

In other news, Director John J. Donahoe acquired 162,337 shares of the business's stock in a transaction dated Wednesday, August 6th. The stock was bought at an average cost of $6.10 per share, for a total transaction of $990,255.70. Following the completion of the transaction, the director owned 162,337 shares of the company's stock, valued at $990,255.70. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Gloria R. Boyland sold 46,097 shares of the firm's stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $5.92, for a total transaction of $272,894.24. Following the completion of the transaction, the director owned 330,425 shares of the company's stock, valued at $1,956,116. This trade represents a 12.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. 11.85% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Aurora Innovation

Large investors have recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Aurora Innovation in the 1st quarter worth approximately $32,000. Signaturefd LLC grew its stake in Aurora Innovation by 208.0% in the 1st quarter. Signaturefd LLC now owns 5,283 shares of the company's stock worth $36,000 after buying an additional 3,568 shares in the last quarter. GAMMA Investing LLC grew its stake in Aurora Innovation by 147.3% in the 1st quarter. GAMMA Investing LLC now owns 5,922 shares of the company's stock worth $40,000 after buying an additional 3,527 shares in the last quarter. Farther Finance Advisors LLC grew its stake in Aurora Innovation by 463.3% in the 2nd quarter. Farther Finance Advisors LLC now owns 7,616 shares of the company's stock worth $40,000 after buying an additional 6,264 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its stake in Aurora Innovation by 37.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 7,683 shares of the company's stock worth $52,000 after buying an additional 2,085 shares in the last quarter. 44.71% of the stock is currently owned by institutional investors.

Aurora Innovation Stock Performance

NASDAQ AUR opened at $6.39 on Friday. Aurora Innovation has a 52-week low of $3.40 and a 52-week high of $10.77. The company has a 50-day simple moving average of $5.77 and a 200 day simple moving average of $6.50. The company has a market capitalization of $11.79 billion, a PE ratio of -13.60 and a beta of 2.49.

Aurora Innovation (NASDAQ:AUR - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The company reported ($0.11) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.12) by $0.01. The company had revenue of $1.00 million for the quarter, compared to analysts' expectations of $0.50 million. As a group, analysts forecast that Aurora Innovation will post -0.49 EPS 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.

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