Aurora Innovation (NASDAQ:AUR) Sets New 12-Month Low – Time to Sell?

Aurora Innovation, Inc. (NASDAQ:AUR) reached a new 52-week low during trading on Friday . The company traded as low as $3.99 and last traded at $4.1050, with a volume of 3599578 shares traded. The stock had previously closed at $4.16.

Wall Street Analysts Forecast Growth

AUR has been the subject of several analyst reports. UBS Group restated an “underperform” rating on shares of Aurora Innovation in a research note on Wednesday, October 29th. Oppenheimer reiterated an “outperform” rating and issued a $15.00 price objective on shares of Aurora Innovation in a report on Wednesday, October 29th. Weiss Ratings restated a “sell (d-)” rating on shares of Aurora Innovation in a research note on Wednesday, October 8th. Canaccord Genuity Group reiterated a “buy” rating and issued a $15.00 price target on shares of Aurora Innovation in a research note on Wednesday, October 29th. Finally, Cowen restated a “hold” rating on shares of Aurora Innovation in a research note on Thursday, October 30th. Five analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $10.44.

Aurora Innovation Price Performance

The company has a fifty day simple moving average of $5.26 and a two-hundred day simple moving average of $5.76. The company has a market capitalization of $7.99 billion, a P/E ratio of -9.18 and a beta of 2.44.

Aurora Innovation (NASDAQ:AUR) last released its quarterly earnings results on Tuesday, October 28th. The company reported ($0.11) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.12) by $0.01. The company had revenue of $1.00 million for the quarter, compared to the consensus estimate of $1.23 million. During the same quarter last year, the company posted ($0.13) EPS. Equities analysts anticipate that Aurora Innovation, Inc. will post -0.49 earnings per share for the current year.

Insider Transactions at Aurora Innovation

In other Aurora Innovation news, Director Brittany Bagley sold 50,000 shares of the stock in a transaction that occurred on 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 $2,147,225.08. This trade represents a 11.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 11.85% of the stock is owned by insiders.

Institutional Trading of Aurora Innovation

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AUR. Signaturefd LLC lifted its holdings in shares of Aurora Innovation by 208.0% during the first quarter. Signaturefd LLC now owns 5,283 shares of the company’s stock worth $36,000 after buying an additional 3,568 shares during the last quarter. Farther Finance Advisors LLC increased its position in Aurora Innovation by 463.3% during the second quarter. Farther Finance Advisors LLC now owns 7,616 shares of the company’s stock worth $40,000 after acquiring an additional 6,264 shares during the period. PNC Financial Services Group Inc. raised its stake in Aurora Innovation by 37.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 7,683 shares of the company’s stock valued at $52,000 after purchasing an additional 2,085 shares during the last quarter. N.E.W. Advisory Services LLC acquired a new position in Aurora Innovation during the 3rd quarter valued at $44,000. Finally, Fifth Third Bancorp boosted its holdings in Aurora Innovation by 101.4% in the 3rd quarter. Fifth Third Bancorp now owns 9,930 shares of the company’s stock valued at $54,000 after purchasing an additional 5,000 shares during the period. Institutional investors and hedge funds own 44.71% of the company’s stock.

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.