Aurora Innovation (NASDAQ:AUR) Price Target Raised to $10.00

Aurora Innovation (NASDAQ:AUR) had its target price lifted by Canaccord Genuity Group from $7.00 to $10.00 in a report released on Wednesday morning,Benzinga reports. They currently have a buy rating on the stock.

AUR has been the topic of a number of other research reports. TD Cowen lifted their price objective on shares of Aurora Innovation from $3.00 to $4.00 and gave the stock a “hold” rating in a research report on Thursday, October 31st. Wolfe Research started coverage on shares of Aurora Innovation in a research report on Tuesday, November 26th. They set a “peer perform” rating on the stock. Cantor Fitzgerald started coverage on shares of Aurora Innovation in a research report on Tuesday, December 10th. They set an “overweight” rating and a $10.00 target price on the stock. The Goldman Sachs Group boosted their target price on shares of Aurora Innovation from $2.00 to $2.50 and gave the stock a “sell” rating in a research report on Monday, November 4th. Finally, Evercore ISI boosted their target price on shares of Aurora Innovation from $3.00 to $5.00 and gave the stock an “in-line” rating in a research report on Monday, October 14th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Aurora Innovation has a consensus rating of “Hold” and a consensus target price of $6.30.

Aurora Innovation Stock Down 13.3 %

Shares of Aurora Innovation stock opened at $6.99 on Wednesday. The firm’s 50 day moving average price is $6.56 and its 200-day moving average price is $5.22. Aurora Innovation has a 52-week low of $2.10 and a 52-week high of $9.83. The company has a market cap of $12.01 billion, a P/E ratio of -14.27 and a beta of 2.85.

Insider Transactions at Aurora Innovation

In related news, Director Gloria R. Boyland sold 30,000 shares of the firm’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $6.30, for a total transaction of $189,000.00. Following the sale, the director now owns 344,647 shares in the company, valued at approximately $2,171,276.10. This trade represents a 8.01 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Reid Hoffman sold 3,500,000 shares of the firm’s stock in a transaction 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 sale, the director now owns 382,425 shares in the company, valued at approximately $2,133,931.50. This 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 worth $48,432,337 over the last 90 days. 13.83% of the stock is currently owned by company insiders.

Institutional Trading of Aurora Innovation

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Amalgamated Bank grew its position in Aurora Innovation by 10.0% during the third quarter. Amalgamated Bank now owns 32,006 shares of the company’s stock valued at $189,000 after buying an additional 2,913 shares during the period. ASB Consultores LLC grew 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 buying an additional 3,088 shares during the period. Glenmede Trust Co. NA lifted its holdings in Aurora Innovation by 14.6% during the third quarter. Glenmede Trust Co. NA now owns 31,779 shares of the company’s stock valued at $188,000 after purchasing an additional 4,054 shares in the last quarter. KBC Group NV lifted its holdings in Aurora Innovation by 41.1% during the third quarter. KBC Group NV now owns 26,092 shares of the company’s stock valued at $154,000 after purchasing an additional 7,595 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in Aurora Innovation by 8.1% during the second quarter. Victory Capital Management Inc. now owns 102,199 shares of the company’s stock valued at $283,000 after purchasing an additional 7,624 shares in the last quarter. 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.