Brokerages Set Aurora Innovation, Inc. (NASDAQ:AUR) Price Target at $4.63

Aurora Innovation, Inc. (NASDAQ:AUR) has earned an average recommendation of “Hold” from the six research firms that are covering the firm, MarketBeat 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 price objective among brokerages that have issued ratings on the stock in the last year is $5.70.

Several brokerages have recently issued reports on AUR. The Goldman Sachs Group boosted their price objective on Aurora Innovation from $2.00 to $2.50 and gave the stock a “sell” rating in a research report on Monday, November 4th. Cantor Fitzgerald initiated coverage on Aurora Innovation in a research report on Tuesday, December 10th. They set an “overweight” rating and a $10.00 price target for the company. Wolfe Research assumed coverage on Aurora Innovation in a report on Tuesday, November 26th. They set a “peer perform” rating on the stock. TD Cowen upped their price objective on shares of Aurora Innovation from $3.00 to $4.00 and gave the stock a “hold” rating in a report on Thursday, October 31st. Finally, Canaccord Genuity Group reiterated a “buy” rating and issued a $7.00 target price on shares of Aurora Innovation in a research report on Monday, September 30th.

Aurora Innovation Stock Down 5.3 %

Aurora Innovation stock opened at $6.97 on Tuesday. Aurora Innovation has a 52-week low of $2.10 and a 52-week high of $8.05. The firm has a market capitalization of $11.98 billion, a price-to-earnings ratio of -14.22 and a beta of 2.86. The firm has a 50-day moving average price of $6.14 and a two-hundred day moving average price of $4.60.

Insider Transactions at Aurora Innovation

In other news, Director Gloria R. Boyland sold 30,000 shares of Aurora Innovation 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 transaction, the director now directly owns 344,647 shares of the company’s stock, valued at $2,171,276.10. This trade represents a 8.01 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Reid Hoffman sold 3,500,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $5.58, for a total transaction of $19,530,000.00. Following the completion of the sale, the director now 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 position. The disclosure for this sale can be found here. Insiders have sold 8,776,667 shares of company stock valued at $48,432,337 in the last quarter. Insiders own 13.83% of the company’s stock.

Institutional Trading of Aurora Innovation

A number of hedge funds have recently made changes to their positions in AUR. Amalgamated Bank raised its stake in shares of Aurora Innovation by 10.0% during the 3rd quarter. Amalgamated Bank now owns 32,006 shares of the company’s stock worth $189,000 after purchasing an additional 2,913 shares in the last quarter. ASB Consultores LLC raised its position in Aurora Innovation by 24.0% during the third quarter. ASB Consultores LLC now owns 15,955 shares of the company’s stock valued at $94,000 after acquiring an additional 3,088 shares in the last quarter. Glenmede Trust Co. NA lifted its stake in Aurora Innovation by 14.6% in the third quarter. Glenmede Trust Co. NA now owns 31,779 shares of the company’s stock valued at $188,000 after acquiring an additional 4,054 shares during the last quarter. Nisa Investment Advisors LLC grew its position in Aurora Innovation by 32.0% in the second quarter. Nisa Investment Advisors LLC now owns 19,412 shares of the company’s stock worth $54,000 after acquiring an additional 4,702 shares in the last quarter. Finally, KBC Group NV grew its position in Aurora Innovation by 41.1% in the third quarter. KBC Group NV now owns 26,092 shares of the company’s stock worth $154,000 after acquiring an additional 7,595 shares in the last quarter. 44.71% of the stock is owned by hedge funds and other institutional investors.

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.