Brokerages Set Aurora Innovation, Inc. (NASDAQ:AUR) PT at $5.70

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

Several research analysts recently weighed in on AUR shares. Cantor Fitzgerald began coverage on Aurora Innovation in a research report on Tuesday, December 10th. They issued an “overweight” rating and a $10.00 target price on the stock. Wolfe Research initiated coverage on Aurora Innovation in a report on Tuesday, November 26th. They issued a “peer perform” rating on the stock. Evercore ISI boosted their target price on Aurora Innovation from $3.00 to $5.00 and gave the stock an “in-line” rating in a report on Monday, October 14th. Canaccord Genuity Group increased their target price on shares of Aurora Innovation from $7.00 to $10.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, TD Cowen lifted their price target on shares of Aurora Innovation from $3.00 to $4.00 and gave the company a “hold” rating in a research report on Thursday, October 31st.

Aurora Innovation Stock Down 3.9 %

NASDAQ:AUR opened at $8.06 on Friday. The company has a market cap of $13.85 billion, a P/E ratio of -16.45 and a beta of 2.85. The firm’s 50 day moving average is $6.48 and its two-hundred day moving average is $5.18. Aurora Innovation has a fifty-two week low of $2.10 and a fifty-two week high of $9.83.

Insider Activity

In related news, Director Reid Hoffman sold 3,500,000 shares of the business’s stock in a transaction dated 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 transaction, the director now owns 382,425 shares in the company, valued at approximately $2,133,931.50. The trade was a 90.15 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Gloria R. Boyland sold 30,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 26th. The shares were 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 trade represents a 8.01 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 8,776,667 shares of company stock worth $48,432,337. 13.83% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Aurora Innovation

A number of institutional investors have recently made changes to their positions in AUR. Profund Advisors LLC bought a new position in Aurora Innovation during the 2nd quarter worth approximately $46,000. Vanguard Personalized Indexing Management LLC acquired a new stake in shares of Aurora Innovation during the 2nd quarter valued at approximately $51,000. Souders Financial Advisors bought a new position in Aurora Innovation during the third quarter worth $59,000. Dynamic Technology Lab Private Ltd acquired a new position in Aurora Innovation in the third quarter worth $60,000. Finally, Sigma Planning Corp bought a new stake in Aurora Innovation during the third quarter valued at $63,000. 44.71% of the stock is owned by institutional investors and hedge funds.

About Aurora Innovation

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.