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

Key Points

• Aurora Innovation has a consensus “Hold” rating from 11 analysts, including seven buys, two holds and two sells. The average 12-month price target is $12.22, versus a recent share price of about $5.76.
• The company reported a quarterly loss of $0.14 per share, missing estimates by $0.02, while revenue of $2.0 million exceeded expectations and doubled year over year. Analysts forecast a full-year loss of $0.48 per share.
• Insider selling has been significant: insiders sold 6.39 million shares worth $44.8 million over the past three months, although institutional investors own 44.71% of the stock and several major funds increased their positions.

Aurora Innovation, Inc. (NASDAQ:AUR - Get Free Report) has been assigned an average recommendation of "Hold" from the eleven brokerages that are presently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, two have given a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $12.2222.

Several equities research analysts have recently weighed in on AUR shares. Northland Securities began coverage on shares of Aurora Innovation in a research report on Friday, May 29th. They set an "outperform" rating and a $11.00 price objective for the company. Needham & Company LLC reaffirmed a "buy" rating and set a $13.00 price target on shares of Aurora Innovation in a research report on Thursday, May 7th. Morgan Stanley reiterated an "overweight" rating and set a $14.00 price target on shares of Aurora Innovation in a report on Thursday, May 7th. TD Cowen lifted their price objective on Aurora Innovation from $4.70 to $7.00 and gave the stock a "hold" rating in a research report on Thursday, May 7th. Finally, Cantor Fitzgerald restated an "overweight" rating and set a $12.00 target price on shares of Aurora Innovation in a research report on Thursday, July 23rd.

Aurora Innovation Trading Down 0.2%

Shares of AUR stock opened at $5.76 on Thursday. Aurora Innovation has a 1-year low of $3.60 and a 1-year high of $8.56. The stock has a market cap of $11.54 billion, a price-to-earnings ratio of -12.26 and a beta of 2.64. The stock has a 50-day moving average of $6.41 and a 200-day moving average of $5.74.

Aurora Innovation (NASDAQ:AUR - Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The company reported ($0.14) EPS for the quarter, missing analysts' consensus estimates of ($0.12) by ($0.02). The company had revenue of $2.00 million during the quarter, compared to analyst estimates of $1.66 million. Aurora Innovation had a negative return on equity of 43.94% and a negative net margin of 18,000.00%.Aurora Innovation's revenue was up 100.0% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.11) earnings per share. Sell-side analysts forecast that Aurora Innovation will post -0.48 earnings per share for the current year.

Insider Activity at Aurora Innovation

In other Aurora Innovation news, Director Michelangelo Volpi sold 2,842,682 shares of the stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $7.00, for a total transaction of $19,898,774.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director David M. Wehner acquired 82,500 shares of Aurora Innovation stock in a transaction dated Thursday, June 11th. The shares were bought at an average cost of $6.04 per share, with a total value of $498,300.00. Following the transaction, the director owned 246,519 shares in the company, valued at approximately $1,488,974.76. This trade represents a 50.30% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders sold 6,390,753 shares of company stock worth $44,826,378. Insiders own 8.52% of the company's stock.

Institutional Investors Weigh In On Aurora Innovation

Hedge funds and other institutional investors have recently bought and sold shares of the stock. T. Rowe Price Investment Management Inc. boosted its position in shares of Aurora Innovation by 6.6% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 274,809,541 shares of the company's stock worth $1,055,269,000 after purchasing an additional 16,933,373 shares in the last quarter. Vanguard Group Inc. raised its stake in Aurora Innovation by 12.5% during the 4th quarter. Vanguard Group Inc. now owns 160,567,323 shares of the company's stock worth $616,579,000 after buying an additional 17,818,179 shares during the period. Bank of America Corp DE boosted its holdings in Aurora Innovation by 130.0% in the first quarter. Bank of America Corp DE now owns 30,036,169 shares of the company's stock worth $123,749,000 after acquiring an additional 16,975,927 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Aurora Innovation by 7.5% in the fourth quarter. Geode Capital Management LLC now owns 21,488,433 shares of the company's stock worth $82,535,000 after acquiring an additional 1,498,515 shares in the last quarter. Finally, State Street Corp grew its stake in Aurora Innovation by 8.1% in the fourth quarter. State Street Corp now owns 20,544,319 shares of the company's stock valued at $78,890,000 after acquiring an additional 1,533,171 shares during the period. 44.71% of the stock is owned by institutional investors.

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.

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