Aurora Innovation (NASDAQ:AUR) Price Target Raised to $2.50 at The Goldman Sachs Group

Aurora Innovation (NASDAQ:AUR) had its price objective hoisted by analysts at The Goldman Sachs Group from $2.00 to $2.50 in a research report issued to clients and investors on Monday, Benzinga reports. The firm presently has a “sell” rating on the stock. The Goldman Sachs Group’s target price would indicate a potential downside of 51.74% from the company’s previous close.

AUR has been the topic of several other research reports. Evercore ISI upped their target price on Aurora Innovation from $3.00 to $5.00 and gave the company an “in-line” rating in a research report on Monday, October 14th. TD Cowen boosted their price target on Aurora Innovation from $3.00 to $4.00 and gave the company a “hold” rating in a research note on Thursday, October 31st. Finally, Canaccord Genuity Group reiterated a “buy” rating and set a $7.00 price objective on shares of Aurora Innovation in a research report on Monday, September 30th.

Aurora Innovation Stock Performance

Shares of AUR opened at $5.18 on Monday. The firm has a market cap of $8.13 billion, a P/E ratio of -10.57 and a beta of 2.82. Aurora Innovation has a 52 week low of $1.73 and a 52 week high of $7.01. The firm’s 50-day simple moving average is $5.40 and its 200 day simple moving average is $3.95.

Insider Activity at Aurora Innovation

In other news, Director Reid Hoffman sold 1,393,874 shares of the stock in a transaction on Monday, November 4th. The stock was sold at an average price of $5.45, for a total transaction of $7,596,613.30. Following the sale, the director now directly owns 672,425 shares of the company’s stock, valued at approximately $3,664,716.25. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 13.83% of the stock is currently owned by corporate insiders.

Institutional Trading of Aurora Innovation

Large investors have recently made changes to their positions in the company. Baillie Gifford & Co. lifted its position in shares of Aurora Innovation by 17.2% during the 3rd quarter. Baillie Gifford & Co. now owns 84,904,647 shares of the company’s stock worth $502,636,000 after buying an additional 12,466,085 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Aurora Innovation by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 84,784,550 shares of the company’s stock valued at $239,092,000 after purchasing an additional 1,267,962 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Aurora Innovation by 23.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 13,337,429 shares of the company’s stock valued at $36,941,000 after purchasing an additional 2,502,002 shares in the last quarter. Primecap Management Co. CA grew its holdings in shares of Aurora Innovation by 1.0% during the 2nd quarter. Primecap Management Co. CA now owns 10,217,700 shares of the company’s stock valued at $28,303,000 after purchasing an additional 102,800 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in Aurora Innovation by 273.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 5,190,426 shares of the company’s stock worth $14,377,000 after purchasing an additional 3,800,901 shares in the last quarter. Institutional investors and hedge funds own 44.71% of the company’s stock.

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.