Aurora Innovation, Inc. (NASDAQ:AUR) Stock Has Consensus Price Target of $13.22 According to Analysts

Shares of Aurora Innovation, Inc. (NASDAQ:AUR) have been given a consensus rating of “Hold” by the thirteen ratings firms that are currently covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and eight have issued a buy recommendation on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $13.22.

A number of research firms have weighed in on AUR. Wall Street Zen cut Aurora Innovation from a “sell” rating to a “strong sell” rating in a report on Saturday, August 1st. Weiss Ratings reiterated a “sell (d-)” rating on shares of Aurora Innovation in a research note on Thursday. Canaccord Genuity Group lifted their price objective on shares of Aurora Innovation from $15.00 to $17.00 and gave the company a “buy” rating in a research note on Thursday, September 24th. Evercore reissued an “outperform” rating on shares of Aurora Innovation in a research report on Tuesday, September 15th. Finally, Zacks Research cut shares of Aurora Innovation from a “hold” rating to a “strong sell” rating in a research report on Monday, October 12th.

Insiders Place Their Bets

In related news, Director Michelangelo Volpi sold 2,842,682 shares of Aurora Innovation stock in a transaction on Monday, August 17th. The shares were sold at an average price of $7.00, for a total transaction of $19,898,774.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Over the last ninety days, insiders have sold 6,390,753 shares of company stock worth $44,826,378. 8.52% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Aurora Innovation

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. T. Rowe Price Investment Management Inc. lifted its stake in shares of Aurora Innovation by 6.6% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 274,809,541 shares of the company’s stock worth $1,055,269,000 after acquiring an additional 16,933,373 shares in the last quarter. Bank of America Corp DE lifted its stake in shares of Aurora Innovation by 130.0% in the first quarter. Bank of America Corp DE now owns 30,036,169 shares of the company’s stock worth $123,749,000 after acquiring an additional 16,975,927 shares in the last quarter. State Street Corp boosted its holdings in Aurora Innovation by 6.0% in the second quarter. State Street Corp now owns 22,922,729 shares of the company’s stock valued at $156,333,000 after purchasing an additional 1,293,487 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Aurora Innovation by 4.3% in the first quarter. Dimensional Fund Advisors LP now owns 11,807,009 shares of the company’s stock valued at $48,621,000 after purchasing an additional 490,659 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its holdings in Aurora Innovation by 2,068.8% in the first quarter. Janus Henderson Group PLC now owns 11,243,080 shares of the company’s stock valued at $46,319,000 after purchasing an additional 10,724,682 shares during the last quarter. 44.71% of the stock is owned by hedge funds and other institutional investors.

Aurora Innovation Stock Performance

AUR stock opened at $4.86 on Friday. Aurora Innovation has a 1 year low of $3.60 and a 1 year high of $8.56. The firm has a market cap of $9.74 billion, a P/E ratio of -10.34 and a beta of 2.69. The stock has a 50-day simple moving average of $6.05 and a 200-day simple moving average of $6.13.

Aurora Innovation (NASDAQ:AUR) last announced its earnings results on Wednesday, July 29th. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.12) by ($0.02). The company had revenue of $2.00 million for the quarter, compared to analysts’ expectations of $1.66 million. Aurora Innovation had a negative net margin of 18,000.00% and a negative return on equity of 43.94%. The business’s quarterly revenue was up 100.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.11) earnings per share. On average, equities research analysts predict that Aurora Innovation will post -0.49 EPS for the current year.

About Aurora Innovation

Aurora Innovation, Inc develops autonomous driving technology for commercial and passenger vehicles. Its primary product is the Aurora Driver, an autonomous driving system designed to combine hardware, software and artificial intelligence to enable vehicles to operate without a human driver. The company focuses on applications including long-haul trucking, delivery and logistics, and autonomous ride-hailing.

Aurora works with automotive manufacturers, trucking companies, logistics providers and transportation platforms to integrate its technology into production vehicles and commercial fleets.