Universal Beteiligungs und Servicegesellschaft mbH Acquires Shares of 100,599 Aurora Innovation, Inc. (NASDAQ:AUR)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH invested approximately $677,000 in Aurora Innovation by acquiring 100,599 shares during the 1st quarter.
• Analysts are optimistic about Aurora Innovation's stock, with Goldman Sachs, Needham & Company, and Canaccord Genuity Group raising their price targets and issuing ratings between "buy" and "neutral."
• Aurora Innovation reported an earnings surprise, with a quarterly EPS of ($0.11), exceeding the consensus estimate of ($0.12), alongside revenue of $1.00 million compared to expectations of $0.50 million.

Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Aurora Innovation, Inc. (NASDAQ:AUR - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 100,599 shares of the company's stock, valued at approximately $677,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Aurora Innovation during the 1st quarter valued at $32,000. Signaturefd LLC boosted its holdings in shares of Aurora Innovation by 208.0% in the 1st quarter. Signaturefd LLC now owns 5,283 shares of the company's stock valued at $36,000 after buying an additional 3,568 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Aurora Innovation by 147.3% in the 1st quarter. GAMMA Investing LLC now owns 5,922 shares of the company's stock valued at $40,000 after buying an additional 3,527 shares during the period. Bank of Montreal Can acquired a new position in shares of Aurora Innovation in the 4th quarter valued at about $66,000. Finally, Retirement Planning Group LLC acquired a new position in shares of Aurora Innovation in the 1st quarter valued at about $70,000. Institutional investors and hedge funds own 44.71% of the company's stock.

Insider Buying and Selling

In related news, Director Gloria R. Boyland sold 46,097 shares of the stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $5.92, for a total value of $272,894.24. Following the transaction, the director owned 330,425 shares in the company, valued at approximately $1,956,116. This represents a 12.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 11.85% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on AUR. Needham & Company LLC lifted their price target on shares of Aurora Innovation from $10.00 to $13.00 and gave the company a "buy" rating in a report on Friday, May 9th. The Goldman Sachs Group upped their price target on shares of Aurora Innovation from $6.00 to $7.00 and gave the stock a "neutral" rating in a research report on Monday, May 12th. Finally, Canaccord Genuity Group upped their price target on shares of Aurora Innovation from $10.00 to $15.00 and gave the stock a "buy" rating in a research report on Friday, May 2nd. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $10.75.

Aurora Innovation Price Performance

Shares of NASDAQ:AUR traded down $0.03 on Wednesday, reaching $6.14. 5,535,190 shares of the company traded hands, compared to its average volume of 19,182,549. Aurora Innovation, Inc. has a fifty-two week low of $3.25 and a fifty-two week high of $10.77. The company's 50 day moving average is $5.71 and its 200-day moving average is $6.53. The stock has a market capitalization of $10.85 billion, a PE ratio of -13.03 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) EPS for the quarter, topping analysts' consensus estimates of ($0.12) by $0.01. The firm had revenue of $1.00 million during the quarter, compared to analyst estimates of $0.50 million. As a group, analysts expect that Aurora Innovation, Inc. will post -0.49 EPS for the current year.

Aurora Innovation Profile

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.