Brokerages Set Aurora Innovation, Inc. (NASDAQ:AUR) Target Price at $6.30

Aurora Innovation, Inc. (NASDAQ:AUR) has been assigned an average rating of “Hold” from the six research firms that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation and two have given a buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $6.30.

A number of research analysts have issued reports on the stock. TD Cowen raised their price target 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. Canaccord Genuity Group lifted their price objective on shares of Aurora Innovation from $7.00 to $10.00 and gave the company a “buy” rating in a report on Wednesday, January 8th. Cantor Fitzgerald started coverage on shares of Aurora Innovation in a research report on Tuesday, December 10th. They issued an “overweight” rating and a $10.00 target price on the stock. Wolfe Research began coverage on shares of Aurora Innovation in a research report on Tuesday, November 26th. They issued a “peer perform” rating on the stock. Finally, The Goldman Sachs Group boosted their price target 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.

Aurora Innovation Stock Performance

NASDAQ AUR opened at $6.91 on Wednesday. The company has a market cap of $11.87 billion, a PE ratio of -14.10 and a beta of 2.85. Aurora Innovation has a 52-week low of $2.10 and a 52-week high of $9.83. The firm’s 50 day moving average price is $6.93 and its 200-day moving average price is $5.69.

Insider Activity

In related news, Director Gloria R. Boyland sold 30,000 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $6.30, for a total value of $189,000.00. Following the completion of the sale, the director now owns 344,647 shares in the company, valued at $2,171,276.10. This trade represents a 8.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Reid Hoffman sold 447,046 shares of the firm’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $5.04, for a total transaction of $2,253,111.84. Following the completion of the sale, the director now owns 26,892 shares of the company’s stock, valued at $135,535.68. This trade represents a 94.33 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 3,882,793 shares of company stock worth $21,305,724. Corporate insiders own 13.83% of the company’s stock.

Hedge Funds Weigh In On Aurora Innovation

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AUR. GPS Wealth Strategies Group LLC grew its holdings in shares of Aurora Innovation by 241.7% during the fourth quarter. GPS Wealth Strategies Group LLC now owns 7,005 shares of the company’s stock worth $44,000 after buying an additional 4,955 shares in the last quarter. Profund Advisors LLC purchased a new stake in Aurora Innovation in the second quarter valued at approximately $46,000. Vanguard Personalized Indexing Management LLC purchased a new stake in Aurora Innovation in the second quarter valued at approximately $51,000. Souders Financial Advisors acquired a new position in Aurora Innovation during the third quarter valued at approximately $59,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in Aurora Innovation during the third quarter valued at approximately $60,000. 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.