Aurora Innovation, Inc. (NASDAQ:AUR) Receives $12.67 Average PT from Analysts

Aurora Innovation, Inc. (NASDAQ:AUR) has been given an average recommendation of “Moderate Buy” by the twelve brokerages that are currently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $12.6667.

Several equities research analysts recently commented on AUR shares. Northland Securities began coverage on shares of Aurora Innovation in a research note on Friday, May 29th. They set an “outperform” rating and a $11.00 price target on the stock. Evercore reaffirmed an “outperform” rating on shares of Aurora Innovation in a report on Tuesday, September 15th. Wall Street Zen cut Aurora Innovation from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 1st. Craig Hallum initiated coverage on Aurora Innovation in a research report on Friday, June 5th. They issued a “buy” rating and a $18.00 target price for the company. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Aurora Innovation in a research report on Friday, July 17th.

Insiders Place Their Bets

In other 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 value of $19,898,774.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold a total of 6,390,753 shares of company stock valued at $44,826,378 in the last three months. 8.52% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Aurora Innovation

A number of institutional investors have recently modified their holdings of AUR. T. Rowe Price Investment Management Inc. boosted its stake in 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 during the period. Bank of America Corp DE increased its position in Aurora Innovation by 130.0% in the 1st quarter. Bank of America Corp DE now owns 30,036,169 shares of the company’s stock valued at $123,749,000 after acquiring an additional 16,975,927 shares during the period. State Street Corp raised its stake in shares of Aurora Innovation by 6.0% during the second quarter. State Street Corp now owns 22,922,729 shares of the company’s stock worth $156,333,000 after purchasing an additional 1,293,487 shares during the last quarter. Geode Capital Management LLC raised its position in Aurora Innovation by 7.5% during the 4th quarter. Geode Capital Management LLC now owns 21,488,433 shares of the company’s stock worth $82,535,000 after buying an additional 1,498,515 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in Aurora Innovation by 4.3% during the first quarter. Dimensional Fund Advisors LP now owns 11,807,009 shares of the company’s stock worth $48,621,000 after purchasing an additional 490,659 shares in the last quarter. 44.71% of the stock is owned by institutional investors and hedge funds.

Aurora Innovation Stock Performance

AUR opened at $6.32 on Monday. The company has a market cap of $12.67 billion, a P/E ratio of -13.45 and a beta of 2.63. Aurora Innovation has a one year low of $3.60 and a one year high of $8.56. The business’s 50-day simple moving average is $6.33 and its 200-day simple moving average is $5.97.

Aurora Innovation (NASDAQ:AUR) last issued its quarterly earnings data on Wednesday, July 29th. The company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of ($0.12) by ($0.02). Aurora Innovation had a negative return on equity of 43.94% and a negative net margin of 18,000.00%.The company had revenue of $2.00 million for the quarter, compared to analysts’ expectations of $1.66 million. During the same quarter in the prior year, the firm posted ($0.11) EPS. The firm’s quarterly revenue was up 100.0% compared to the same quarter last year. As a group, analysts predict that Aurora Innovation will post -0.48 earnings per share for the current fiscal year.

About Aurora Innovation

Aurora Innovation, Inc develops autonomous vehicle technology designed to transport people and goods without human drivers. Its core product, the Aurora Driver, combines artificial intelligence, sensors, mapping, and other software and hardware systems to enable automated driving across trucking, ride-hailing, and logistics applications.

The company is initially focused on autonomous trucking, where its technology is intended to support long-haul freight operations and improve safety, efficiency, and vehicle utilization.