Aurora Innovation (NASDAQ:AUR) Earns “Overweight” Rating from Cantor Fitzgerald

Aurora Innovation (NASDAQ:AUR)‘s stock had its “overweight” rating reiterated by investment analysts at Cantor Fitzgerald in a research note issued to investors on Thursday,Benzinga reports. They presently have a $10.00 target price on the stock. Cantor Fitzgerald’s price objective would indicate a potential upside of 19.93% from the stock’s current price.

Other research analysts also recently issued reports about the stock. The Goldman Sachs Group raised their price target on shares of Aurora Innovation from $2.00 to $2.50 and gave the company a “sell” rating in a report on Monday, November 4th. Canaccord Genuity Group lifted their price objective on Aurora Innovation from $7.00 to $10.00 and gave the company a “buy” rating in a research note on Wednesday, January 8th. Wolfe Research assumed coverage on Aurora Innovation in a research note on Tuesday, November 26th. They issued a “peer perform” rating on the stock. Finally, TD Cowen lifted their price target on Aurora Innovation from $3.00 to $4.00 and gave the company a “hold” rating in a research report on Thursday, October 31st. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $6.30.

Aurora Innovation Trading Up 29.3 %

Shares of NASDAQ AUR traded up $1.89 during midday trading on Thursday, hitting $8.34. The company’s stock had a trading volume of 10,129,386 shares, compared to its average volume of 14,814,269. The stock has a fifty day moving average price of $7.04 and a 200 day moving average price of $5.80. Aurora Innovation has a one year low of $2.10 and a one year high of $9.83. The firm has a market capitalization of $14.33 billion, a price-to-earnings ratio of -16.96 and a beta of 2.85.

Aurora Innovation (NASDAQ:AUR) last announced its quarterly earnings results on Wednesday, February 12th. The company reported ($0.11) earnings per share for the quarter. On average, equities research analysts predict that Aurora Innovation will post -0.47 earnings per share for the current fiscal year.

Insider Activity

In other Aurora Innovation news, Director Reid Hoffman sold 537,837 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $5.48, for a total value of $2,947,346.76. Following the completion of the sale, the director now owns 286,247 shares in the company, valued at approximately $1,568,633.56. The trade was a 65.26 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Gloria R. Boyland sold 30,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $6.30, for a total transaction 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 represents a 8.01 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,014,883 shares of company stock worth $5,389,459. 13.83% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Aurora Innovation

Several hedge funds and other institutional investors have recently modified their holdings of the company. Twin Tree Management LP grew its stake in shares of Aurora Innovation by 217.2% in the fourth quarter. Twin Tree Management LP now owns 4,450 shares of the company’s stock worth $28,000 after purchasing an additional 3,047 shares during the last quarter. GPS Wealth Strategies Group LLC lifted its holdings in Aurora Innovation by 241.7% in the 4th 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 during the period. Souders Financial Advisors bought a new stake in shares of Aurora Innovation in the 3rd quarter worth approximately $59,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of Aurora Innovation during the third quarter valued at approximately $60,000. Finally, Sigma Planning Corp bought a new position in shares of Aurora Innovation during the third quarter valued at approximately $63,000. 44.71% of the stock is owned by institutional investors.

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.