Aurora Innovation, Inc. (NASDAQ:AUR) Stock Now Rated “Hold” by Wall Street Brokerages

Aurora Innovation, Inc. (NASDAQ:AUR) has earned an average rating of “Hold” from the thirteen analysts that are currently covering the company, MarketBeat reports. Three research analysts have rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $13.22.

AUR has been the subject of a number of recent analyst reports. Wall Street Zen lowered shares of Aurora Innovation from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 1st. Zacks Research cut shares of Aurora Innovation from a “hold” rating to a “strong sell” rating in a report on Monday, October 12th. Canaccord Genuity Group lifted their price objective on shares of Aurora Innovation from $15.00 to $17.00 and gave the company a “buy” rating in a report on Thursday, September 24th. Oppenheimer lifted their price target on shares of Aurora Innovation from $15.00 to $16.00 and gave the company an “outperform” rating in a research note on Thursday, October 8th. Finally, The Goldman Sachs Group boosted their price target on Aurora Innovation from $6.00 to $7.00 and gave the company a “neutral” rating in a report on Thursday, September 24th.

Insider Buying and Selling

In other news, Director Michelangelo Volpi sold 2,842,682 shares of the business’s stock in a transaction 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 document filed with the Securities & Exchange Commission, which is available through this hyperlink. Over the last quarter, insiders have sold 6,390,753 shares of company stock worth $44,826,378. Company insiders own 8.52% of the company’s stock.

Institutional Investors Weigh In On Aurora Innovation

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Bank of America Corp DE boosted its position in shares of Aurora Innovation by 130.0% during the 1st quarter. Bank of America Corp DE now owns 30,036,169 shares of the company’s stock worth $123,749,000 after purchasing an additional 16,975,927 shares during the period. T. Rowe Price Investment Management Inc. increased its holdings in Aurora Innovation by 6.6% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 274,809,541 shares of the company’s stock valued at $1,055,269,000 after purchasing an additional 16,933,373 shares during the last quarter. Janus Henderson Group PLC raised its position in Aurora Innovation by 2,068.8% in the first quarter. Janus Henderson Group PLC now owns 11,243,080 shares of the company’s stock valued at $46,319,000 after purchasing an additional 10,724,682 shares during the period. Wellington Management Group LLP purchased a new stake in Aurora Innovation in the second quarter valued at approximately $25,893,000. Finally, Bronte Capital Management Pty Ltd. purchased a new stake in Aurora Innovation in the first quarter valued at approximately $9,553,000. Hedge funds and other institutional investors own 44.71% of the company’s stock.

Aurora Innovation Price Performance

NASDAQ:AUR opened at $5.01 on Friday. The firm has a market capitalization of $10.04 billion, a price-to-earnings ratio of -10.66 and a beta of 2.69. The business has a 50 day simple moving average of $5.97 and a 200-day simple moving average of $6.14. Aurora Innovation has a 1 year low of $3.60 and a 1 year high of $8.56.

Aurora Innovation (NASDAQ:AUR) last posted its quarterly earnings data on Wednesday, July 29th. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.12) by ($0.02). The firm had revenue of $2.00 million for the quarter, compared to analysts’ expectations of $1.66 million. Aurora Innovation had a negative return on equity of 43.94% and a negative net margin of 18,000.00%. The firm’s quarterly revenue was up 100.0% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.11) earnings per share. As a group, analysts expect that Aurora Innovation will post -0.49 earnings per share for the current fiscal year.

Aurora Innovation Company Profile

Aurora Innovation, Inc develops autonomous driving technology for commercial trucks and passenger vehicles. Its core product, the Aurora Driver, combines artificial intelligence, sensors, mapping, and vehicle-control software to enable vehicles to perceive their surroundings, plan routes, and operate with limited or no human intervention.

The company focuses initially on autonomous trucking and freight transportation, while also developing technology for passenger mobility applications.