Aurora Innovation (NASDAQ:AUR) Rating Lowered to "Sell" at Wall Street Zen

Key Points

• Wall Street Zen downgraded Aurora Innovation from "hold" to "sell" in its latest report, adding to recent negative ratings such as Weiss Ratings' sell.
• Analysts are mixed—four Buys, two Holds and two Sells—with an average consensus rating of "Hold" and an average price target of $10.54.
• Aurora trades around $4.92 with a market cap near $9.6B, reported negative EPS (‑$0.12 last quarter, consensus ‑$0.47 for the year) and very low quarterly revenue (~$1.0M), indicating weak near-term fundamentals.

Aurora Innovation (NASDAQ:AUR - Get Free Report) was downgraded by Wall Street Zen from a "hold" rating to a "sell" rating in a report released on Sunday.

Several other equities analysts also recently issued reports on AUR. TD Cowen reduced their price target on shares of Aurora Innovation from $5.50 to $4.70 and set a "hold" rating for the company in a report on Friday, February 13th. Cantor Fitzgerald reissued an "overweight" rating on shares of Aurora Innovation in a report on Monday, February 9th. The Goldman Sachs Group boosted their price target on shares of Aurora Innovation from $4.00 to $5.00 and gave the company a "neutral" rating in a report on Friday, April 17th. Weiss Ratings reissued a "sell (d-)" rating on shares of Aurora Innovation in a report on Monday, April 20th. Finally, Needham & Company LLC reissued a "buy" rating and set a $13.00 price target on shares of Aurora Innovation in a report on Thursday, February 12th. Four research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $10.54.

Aurora Innovation Stock Performance

AUR opened at $4.92 on Friday. Aurora Innovation has a 1 year low of $3.60 and a 1 year high of $8.25. The stock has a market capitalization of $9.58 billion, a PE ratio of -10.92 and a beta of 2.44. The company's 50 day simple moving average is $4.50 and its 200 day simple moving average is $4.48.

Aurora Innovation (NASDAQ:AUR - Get Free Report) last announced its quarterly earnings results on Wednesday, February 11th. The company reported ($0.12) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.12). The firm had revenue of $1.00 million for the quarter, compared to analyst estimates of $1.47 million. As a group, sell-side analysts expect that Aurora Innovation will post -0.47 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Aurora Innovation

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Danske Bank A S acquired a new stake in Aurora Innovation in the third quarter worth approximately $36,000. N.E.W. Advisory Services LLC acquired a new stake in Aurora Innovation in the third quarter worth approximately $44,000. Garton & Associates Financial Advisors LLC bought a new stake in Aurora Innovation in the fourth quarter worth about $35,000. Fifth Third Bancorp lifted its holdings in Aurora Innovation by 101.4% in the 3rd quarter. Fifth Third Bancorp now owns 9,930 shares of the company's stock valued at $54,000 after acquiring an additional 5,000 shares during the last quarter. Finally, Eurizon Capital SGR S.p.A. acquired a new stake in Aurora Innovation in the 4th quarter valued at about $39,000. Institutional investors own 44.71% of the company's stock.

Aurora Innovation Company Profile

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.

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