Weiss Ratings Reiterates "Sell (D-)" Rating for Aurora Innovation (NASDAQ:AUR)

Key Points

• Weiss Ratings has reaffirmed a "Sell (D-)" rating for Aurora Innovation (NASDAQ:AUR) in their latest report, indicating potential concerns regarding the company's stock performance.
• Aurora Innovation's stock saw a rise to $5.58 with a market cap of $10.30 billion and a P/E ratio of -11.87, suggestive of negative earnings.
• Recent insider activity includes Director John J. Donahoe purchasing 162,337 shares at $6.10 each, while Director Brittany Bagley sold 50,000 shares at $5.39, reflecting diverse insider sentiment on the stock.

Aurora Innovation (NASDAQ:AUR - Get Free Report)'s stock had its "sell (d-)" rating reaffirmed by analysts at Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.

Aurora Innovation Stock Performance

Aurora Innovation stock traded up $0.18 during trading hours on Wednesday, reaching $5.58. 16,286,892 shares of the stock were exchanged, compared to its average volume of 19,079,123. The stock has a market cap of $10.30 billion, a P/E ratio of -11.87 and a beta of 2.45. Aurora Innovation has a 52-week low of $4.75 and a 52-week high of $10.77. The firm's 50 day moving average is $5.84 and its 200 day moving average is $6.08.

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, topping analysts' consensus estimates of ($0.12) by $0.01. The company had revenue of $1.00 million for the quarter, compared to analyst estimates of $0.50 million. Equities research analysts expect that Aurora Innovation will post -0.49 EPS for the current fiscal year.

Insider Activity

In related news, Director John J. Donahoe acquired 162,337 shares of the business's stock in a transaction dated 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 acquisition, the director directly owned 162,337 shares in the company, valued at approximately $990,255.70. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Brittany Bagley sold 50,000 shares of the stock in a transaction dated Tuesday, September 30th. The stock was sold at an average price of $5.39, for a total transaction of $269,500.00. Following the transaction, the director owned 398,372 shares in the company, valued at approximately $2,147,225.08. The trade was a 11.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. 11.85% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of AUR. Vanguard Group Inc. raised its stake in shares of Aurora Innovation by 2.1% during the first quarter. Vanguard Group Inc. now owns 115,413,401 shares of the company's stock valued at $776,155,000 after purchasing an additional 2,392,995 shares during the period. Durable Capital Partners LP lifted its holdings in Aurora Innovation by 36.7% in the second quarter. Durable Capital Partners LP now owns 20,404,238 shares of the company's stock worth $106,918,000 after purchasing an additional 5,481,969 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Aurora Innovation by 0.3% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 8,721,799 shares of the company's stock valued at $58,654,000 after acquiring an additional 27,852 shares during the last quarter. Norges Bank acquired a new stake in Aurora Innovation in the 2nd quarter valued at about $42,421,000. Finally, Squarepoint Ops LLC lifted its holdings in Aurora Innovation by 3,256.1% in the 2nd quarter. Squarepoint Ops LLC now owns 6,753,259 shares of the company's stock valued at $35,387,000 after acquiring an additional 6,552,034 shares during the last quarter. Hedge funds and other institutional investors own 44.71% of the company's stock.

Aurora Innovation Company 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.

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