Aurora Innovation, Inc. (NASDAQ:AUR) Receives $12.22 Consensus Price Target from Analysts

Aurora Innovation, Inc. (NASDAQ:AUR) has been given a consensus rating of “Hold” by the eleven brokerages that are presently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $12.2222.

AUR has been the topic of a number of 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. Cantor Fitzgerald reiterated an “overweight” rating and issued a $12.00 price objective on shares of Aurora Innovation in a report on Thursday, July 23rd. Northland Securities started coverage on shares of Aurora Innovation in a research report on Friday, May 29th. They issued an “outperform” rating and a $11.00 price objective for the company. Morgan Stanley reaffirmed an “overweight” rating and set a $14.00 target price on shares of Aurora Innovation in a research report on Thursday, May 7th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Aurora Innovation in a research note on Friday, July 17th.

Insider Buying and Selling

In other Aurora Innovation news, Director Michelangelo Volpi sold 2,842,682 shares of Aurora Innovation stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $7.00, for a total transaction of $19,898,774.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director David M. Wehner bought 82,500 shares of the business’s stock in a transaction on Thursday, June 11th. The stock was acquired at an average cost of $6.04 per share, for a total transaction of $498,300.00. Following the completion of the transaction, the director owned 246,519 shares in the company, valued at $1,488,974.76. This represents a 50.30% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders have sold 6,390,753 shares of company stock valued at $44,826,378. 8.52% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in AUR. Ascent Wealth Partners LLC lifted its holdings in Aurora Innovation by 9.6% in the first quarter. Ascent Wealth Partners LLC now owns 15,820 shares of the company’s stock worth $65,000 after acquiring an additional 1,389 shares during the last quarter. Concurrent Investment Advisors LLC grew its holdings in shares of Aurora Innovation by 16.2% during the second quarter. Concurrent Investment Advisors LLC now owns 13,212 shares of the company’s stock valued at $90,000 after purchasing an additional 1,839 shares during the last quarter. Gabelli Funds LLC grew its holdings in shares of Aurora Innovation by 15.4% during the first quarter. Gabelli Funds LLC now owns 15,000 shares of the company’s stock valued at $62,000 after purchasing an additional 2,000 shares during the last quarter. Wedmont Private Capital raised its position in shares of Aurora Innovation by 5.1% during the 2nd quarter. Wedmont Private Capital now owns 43,673 shares of the company’s stock worth $279,000 after purchasing an additional 2,108 shares during the period. Finally, Abel Hall LLC raised its position in shares of Aurora Innovation by 21.0% during the 4th quarter. Abel Hall LLC now owns 13,596 shares of the company’s stock worth $52,000 after purchasing an additional 2,356 shares during the period. 44.71% of the stock is currently owned by institutional investors.

Aurora Innovation Price Performance

Shares of NASDAQ AUR opened at $5.83 on Thursday. Aurora Innovation has a 1-year low of $3.60 and a 1-year high of $8.56. The company has a market capitalization of $11.68 billion, a price-to-earnings ratio of -12.40 and a beta of 2.64. The business has a 50-day moving average of $6.39 and a 200-day moving average of $5.75.

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

Aurora Innovation Company Profile

Aurora Innovation, Inc is a technology company specializing in the development of self-driving vehicle systems for both passenger and commercial applications. Headquartered in Mountain View, California, Aurora has built an end-to-end platform—known as the Aurora Driver—that integrates proprietary software, machine learning algorithms and a suite of sensors (LiDAR, radar and cameras) to enable vehicles to operate safely and efficiently in diverse driving environments.

The company’s core business revolves around designing, testing and deploying its autonomy stack on vehicles from established automotive and transportation partners.