Aurora Innovation (NASDAQ:AUR) Research Coverage Started at Wolfe Research

Wolfe Research assumed coverage on shares of Aurora Innovation (NASDAQ:AUR) in a report published on Tuesday morning, MarketBeat reports. The firm issued a peer perform rating on the stock.

Other equities analysts have also issued reports about the stock. Evercore ISI lifted their price objective on shares of Aurora Innovation from $3.00 to $5.00 and gave the company an “in-line” rating in a report on Monday, October 14th. Canaccord Genuity Group reiterated a “buy” rating and issued a $7.00 price target on shares of Aurora Innovation in a report on Monday, September 30th. TD Cowen upped their price objective on Aurora Innovation from $3.00 to $4.00 and gave the stock a “hold” rating in a research note on Thursday, October 31st. Finally, The Goldman Sachs Group lifted their target price on Aurora Innovation from $2.00 to $2.50 and gave the company a “sell” rating in a research note on Monday, November 4th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, Aurora Innovation currently has a consensus rating of “Hold” and a consensus target price of $4.63.

Aurora Innovation Price Performance

Shares of Aurora Innovation stock opened at $6.49 on Tuesday. The stock has a market cap of $11.15 billion, a price-to-earnings ratio of -13.24 and a beta of 2.82. The firm’s 50-day moving average is $5.86 and its two-hundred day moving average is $4.27. Aurora Innovation has a 1 year low of $2.06 and a 1 year high of $7.01.

Insider Buying and Selling

In related news, Director Gloria R. Boyland sold 30,000 shares of the firm’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $6.30, for a total value of $189,000.00. Following the completion of the transaction, 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 position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Reid Hoffman sold 447,046 shares of Aurora Innovation stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $5.04, for a total value of $2,253,111.84. Following the sale, the director now directly owns 26,892 shares of the company’s stock, valued at approximately $135,535.68. This represents a 94.33 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 8,776,667 shares of company stock worth $48,432,337 in the last ninety days. 13.83% of the stock is owned by insiders.

Institutional Investors Weigh In On Aurora Innovation

Institutional investors and hedge funds have recently modified their holdings of the company. Amalgamated Bank lifted 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 purchasing an additional 2,913 shares during the period. ASB Consultores LLC lifted its holdings in shares of Aurora Innovation by 24.0% in the 3rd 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 boosted its stake in shares of Aurora Innovation by 14.6% in the third quarter. Glenmede Trust Co. NA now owns 31,779 shares of the company’s stock worth $188,000 after buying an additional 4,054 shares during the last quarter. Nisa Investment Advisors LLC grew its holdings in Aurora Innovation by 32.0% during 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 during the period. Finally, KBC Group NV raised its position 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 acquiring an additional 7,595 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.