Brokerages Set Aurora Innovation, Inc. (NASDAQ:AUR) Target Price at $12.25

Shares of Aurora Innovation, Inc. (NASDAQ:AUR) have earned a consensus recommendation of “Hold” from the eleven research firms that are currently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is $12.25.

A number of equities research analysts have issued reports on AUR shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Aurora Innovation in a research report on Monday, April 20th. TD Cowen upped their price objective on shares of Aurora Innovation from $4.70 to $7.00 and gave the stock a “hold” rating in a research report on Thursday, May 7th. Wall Street Zen downgraded shares of Aurora Innovation from a “hold” rating to a “sell” rating in a research report on Sunday, April 26th. Needham & Company LLC reaffirmed a “buy” rating and issued a $13.00 price objective on shares of Aurora Innovation in a research report on Thursday, May 7th. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $14.00 price objective on shares of Aurora Innovation in a research report on Thursday, May 7th.

Aurora Innovation Trading Down 1.5%

Shares of Aurora Innovation stock opened at $6.05 on Friday. The stock has a fifty day simple moving average of $6.19 and a 200 day simple moving average of $5.00. Aurora Innovation has a 12-month low of $3.60 and a 12-month high of $8.56. The company has a market capitalization of $11.87 billion, a P/E ratio of -13.75 and a beta of 2.62.

Aurora Innovation (NASDAQ:AUR) last announced its quarterly earnings results on Wednesday, May 6th. The company reported ($0.11) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.12) by $0.01. Aurora Innovation had a negative return on equity of 40.45% and a negative net margin of 20,775.00%.The business had revenue of $1.00 million during the quarter, compared to the consensus estimate of $0.97 million. The business’s revenue for the quarter was down 66.7% compared to the same quarter last year. On average, analysts predict that Aurora Innovation will post -0.47 EPS for the current year.

Insiders Place Their Bets

In other Aurora Innovation news, Director Reid Hoffman sold 5,498,487 shares of the company’s stock in a transaction on Friday, May 15th. The stock was sold at an average price of $7.81, for a total value of $42,943,183.47. Following the completion of the transaction, the director owned 77,500 shares in the company, valued at $605,275. This represents a 98.61% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director David M. Wehner acquired 82,500 shares of Aurora Innovation stock in a transaction on Thursday, June 11th. The stock was acquired at an average price of $6.04 per share, with a total value of $498,300.00. Following the purchase, the director directly owned 246,519 shares in the company, valued at approximately $1,488,974.76. This trade represents a 50.30% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders sold a total of 7,048,487 shares of company stock valued at $54,295,119 in the last 90 days. Corporate insiders own 8.52% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Garton & Associates Financial Advisors LLC bought a new position in shares of Aurora Innovation during the 4th quarter valued at approximately $35,000. Danske Bank A S bought a new position in shares of Aurora Innovation during the 3rd quarter valued at approximately $36,000. Eurizon Capital SGR S.p.A. bought a new position in shares of Aurora Innovation during the 4th quarter valued at approximately $39,000. Stonebridge Financial Group LLC MO bought a new position in shares of Aurora Innovation during the 4th quarter valued at approximately $40,000. Finally, Equitable Holdings Inc. bought a new position in shares of Aurora Innovation during the 4th quarter valued at approximately $41,000. Institutional investors own 44.71% of the company’s stock.

About Aurora Innovation

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.