Aurora Innovation, Inc. (NASDAQ:AUR) Receives $5.70 Average Price Target from Brokerages

Shares of Aurora Innovation, Inc. (NASDAQ:AUR) have earned an average recommendation of “Hold” from the six brokerages that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $6.30.

AUR has been the subject of a number of recent analyst reports. Canaccord Genuity Group raised their price objective on shares of Aurora Innovation from $7.00 to $10.00 and gave the company a “buy” rating in a research report on Wednesday. Evercore ISI raised their price target on Aurora Innovation from $3.00 to $5.00 and gave the company an “in-line” rating in a report on Monday, October 14th. The Goldman Sachs Group lifted their price target on Aurora Innovation from $2.00 to $2.50 and gave the company a “sell” rating in a research note on Monday, November 4th. Cantor Fitzgerald began coverage on Aurora Innovation in a research report on Tuesday, December 10th. They issued an “overweight” rating and a $10.00 price objective for the company. Finally, TD Cowen boosted their target price on shares of Aurora Innovation from $3.00 to $4.00 and gave the stock a “hold” rating in a research report on Thursday, October 31st.

Insider Buying and Selling

In related news, Director Gloria R. Boyland sold 30,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $6.30, for a total value of $189,000.00. Following the sale, the director now owns 344,647 shares of the company’s stock, valued at approximately $2,171,276.10. This represents a 8.01 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Reid Hoffman sold 3,500,000 shares of the business’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $5.58, for a total value of $19,530,000.00. Following the completion of the transaction, the director now directly owns 382,425 shares of the company’s stock, valued at approximately $2,133,931.50. This trade represents a 90.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,776,667 shares of company stock valued at $48,432,337. 13.83% of the stock is owned by insiders.

Hedge Funds Weigh In On Aurora Innovation

Several institutional investors and hedge funds have recently modified their holdings of the company. Everence Capital Management Inc. acquired a new position in Aurora Innovation in the 4th quarter valued at $164,000. JPMorgan Chase & Co. boosted its holdings in shares of Aurora Innovation by 40.1% during the third quarter. JPMorgan Chase & Co. now owns 1,380,479 shares of the company’s stock worth $8,172,000 after purchasing an additional 394,933 shares during the last quarter. Franklin Resources Inc. purchased a new stake in shares of Aurora Innovation in the third quarter valued at $72,000. Virtu Financial LLC acquired a new position in Aurora Innovation in the third quarter valued at $337,000. Finally, Geode Capital Management LLC lifted its position in Aurora Innovation by 15.5% during the third quarter. Geode Capital Management LLC now owns 22,796,526 shares of the company’s stock worth $134,981,000 after buying an additional 3,064,342 shares during the period. Hedge funds and other institutional investors own 44.71% of the company’s stock.

Aurora Innovation Stock Performance

AUR stock opened at $8.06 on Friday. The stock has a market capitalization of $13.85 billion, a PE ratio of -16.45 and a beta of 2.85. The company has a fifty day moving average of $6.48 and a 200-day moving average of $5.18. Aurora Innovation has a one year low of $2.10 and a one year high of $9.83.

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.