Aurora Innovation (NASDAQ:AUR) Raised to Hold at Zacks Research

Aurora Innovation (NASDAQ:AUR) was upgraded by research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued on Tuesday, Zacks reports.

AUR has been the topic of a number of other research reports. Canaccord Genuity Group boosted their target price on shares of Aurora Innovation from $15.00 to $17.00 and gave the company a “buy” rating in a report on Thursday, September 24th. Oppenheimer increased their price target on shares of Aurora Innovation from $15.00 to $16.00 and gave the stock an “outperform” rating in a research note on Thursday, October 8th. Northland Securities set a $10.00 price target on shares of Aurora Innovation in a research report on Thursday, October 29th. The Goldman Sachs Group dropped their price objective on shares of Aurora Innovation from $7.00 to $6.00 and set a “neutral” rating on the stock in a research note on Thursday, October 29th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Aurora Innovation in a research note on Thursday, October 15th. Eight investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Aurora Innovation presently has an average rating of “Moderate Buy” and a consensus price target of $12.56.

Aurora Innovation Stock Performance

Shares of NASDAQ:AUR opened at $4.60 on Tuesday. Aurora Innovation has a 52-week low of $3.60 and a 52-week high of $8.56. The firm has a market capitalization of $9.29 billion, a P/E ratio of -9.58 and a beta of 2.81. The stock has a 50 day moving average price of $5.47 and a 200-day moving average price of $5.60.

Aurora Innovation (NASDAQ:AUR) last released its quarterly earnings results on Wednesday, October 28th. The company reported ($0.12) earnings per share for the quarter, meeting the consensus estimate of ($0.12). The company had revenue of $3.00 million for the quarter, compared to analyst estimates of $2.99 million. Aurora Innovation had a negative return on equity of 48.39% and a negative net margin of 13,328.57%. The firm’s quarterly revenue was up 200.0% compared to the same quarter last year. On average, equities analysts forecast that Aurora Innovation will post -0.48 EPS for the current fiscal year.

Insider Buying and Selling at Aurora Innovation

In other news, Director Michelangelo Volpi sold 2,842,682 shares of the business’s stock in a transaction that occurred 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 8.52% of the stock is owned by insiders.

Institutional Investors Weigh In On Aurora Innovation

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Next Level Wealth Planning LLC purchased a new stake in Aurora Innovation during the 3rd quarter valued at $39,000. Manchester Capital Management LLC purchased a new position in shares of Aurora Innovation in the 3rd quarter worth $42,000. Capula Management Ltd purchased a new position in shares of Aurora Innovation in the 1st quarter worth $43,000. Navigation Group LLC purchased a new position in shares of Aurora Innovation in the 1st quarter worth $48,000. Finally, Triad Investment Management purchased a new position in shares of Aurora Innovation in the 1st quarter worth $51,000. Hedge funds and other institutional investors own 44.71% of the company’s stock.

About Aurora Innovation

Aurora Innovation, Inc. develops autonomous vehicle technology through its Aurora Driver platform, which combines self-driving software, sensors and computing hardware. The system is designed for use in commercial trucking and passenger mobility applications. Founded in 2017 by Chris Urmson, Sterling Anderson and Drew Bagnell, the company is headquartered in Pittsburgh, Pennsylvania. Aurora has focused on autonomous freight transportation in the United States, including development and testing of self-driving truck operations.