Cetera Investment Advisers Purchases 48,895 Shares of Aurora Innovation, Inc. $AUR

Key Points

• Cetera Investment Advisers increased its stake in Aurora Innovation, Inc. by 263.0% in Q1 2023, owning 67,484 shares valued at approximately $454,000.
• Insider activity included Director Gloria R. Boyland selling 46,097 shares, while Director John J. Donahoe purchased 162,337 shares, indicating varied investment sentiments from leadership.
• Analysts have expressed a positive outlook for Aurora Innovation, with Needham & Company raising their price target from $10.00 to $13.00 and describing the stock as a "buy."

Cetera Investment Advisers raised its position in Aurora Innovation, Inc. (NASDAQ:AUR - Free Report) by 263.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 67,484 shares of the company's stock after purchasing an additional 48,895 shares during the quarter. Cetera Investment Advisers' holdings in Aurora Innovation were worth $454,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Avantax Advisory Services Inc. lifted its position in shares of Aurora Innovation by 40.8% during the 1st quarter. Avantax Advisory Services Inc. now owns 14,581 shares of the company's stock worth $98,000 after purchasing an additional 4,227 shares during the last quarter. United Bank raised its holdings in Aurora Innovation by 17.0% in the 1st quarter. United Bank now owns 13,064 shares of the company's stock valued at $88,000 after acquiring an additional 1,900 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Aurora Innovation in the 1st quarter valued at approximately $677,000. Souders Financial Advisors acquired a new position in Aurora Innovation in the 1st quarter valued at approximately $70,000. Finally, Teachers Retirement System of The State of Kentucky raised its holdings in Aurora Innovation by 1.6% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 1,267,513 shares of the company's stock valued at $8,524,000 after acquiring an additional 20,000 shares in the last quarter. Institutional investors own 44.71% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on AUR shares. The Goldman Sachs Group upped 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. Needham & Company LLC upped their price objective on Aurora Innovation from $10.00 to $13.00 and gave the company a "buy" rating in a research note on Friday, May 9th. Finally, Canaccord Genuity Group upped their price objective on Aurora Innovation from $10.00 to $15.00 and gave the company a "buy" rating in a research note on Friday, May 2nd. Five equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $10.75.

Aurora Innovation Price Performance

Shares of AUR stock traded down $0.2750 during trading hours on Wednesday, reaching $5.7050. The company had a trading volume of 19,101,928 shares, compared to its average volume of 19,529,346. The company has a 50 day moving average of $5.78 and a 200 day moving average of $6.49. The firm has a market cap of $10.53 billion, a price-to-earnings ratio of -12.14 and a beta of 2.49. Aurora Innovation, Inc. has a 1-year low of $3.40 and a 1-year high of $10.77.

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

Insider Buying and Selling at Aurora Innovation

In related news, Director Gloria R. Boyland sold 46,097 shares of the firm's stock in a transaction on Friday, June 6th. The stock was sold at an average price of $5.92, for a total transaction of $272,894.24. Following the sale, the director owned 330,425 shares of the company's stock, valued at approximately $1,956,116. This trade represents a 12.24% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director John J. Donahoe acquired 162,337 shares of the company's stock in a transaction that occurred on Wednesday, August 6th. The shares were acquired at an average cost of $6.10 per share, for a total transaction of $990,255.70. Following the purchase, the director directly owned 162,337 shares in the company, valued at $990,255.70. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Company insiders own 11.85% of the company's stock.

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.