Aurora Innovation’s (AUR) Overweight Rating Reiterated at Cantor Fitzgerald

Cantor Fitzgerald reissued their overweight rating on shares of Aurora Innovation (NASDAQ:AUR) in a research report released on Thursday morning,Benzinga reports. The firm currently has a $10.00 target price on the stock.

AUR has been the topic of several other reports. Wolfe Research initiated coverage on Aurora Innovation in a research report on Tuesday, November 26th. They set a “peer perform” rating on the stock. TD Cowen raised their price target on Aurora Innovation from $3.00 to $4.00 and gave the stock a “hold” rating in a research report on Thursday, October 31st. Canaccord Genuity Group increased their price objective on Aurora Innovation from $7.00 to $10.00 and gave the stock a “buy” rating in a report on Wednesday, January 8th. Finally, The Goldman Sachs Group increased their price objective on Aurora Innovation from $2.00 to $2.50 and gave the stock a “sell” rating in a report on Monday, November 4th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $6.30.

Aurora Innovation Trading Up 8.2 %

Shares of Aurora Innovation stock opened at $10.19 on Thursday. The business’s 50-day moving average price is $7.14 and its 200-day moving average price is $5.88. Aurora Innovation has a 12 month low of $2.10 and a 12 month high of $10.77. The firm has a market capitalization of $17.51 billion, a PE ratio of -20.80 and a beta of 2.85.

Aurora Innovation (NASDAQ:AUR) last posted its quarterly earnings results on Wednesday, February 12th. The company reported ($0.11) earnings per share (EPS) for the quarter. As a group, analysts predict that Aurora Innovation will post -0.47 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Reid Hoffman sold 537,837 shares of the firm’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 transaction, the director now owns 286,247 shares in the company, valued at $1,568,633.56. This trade represents a 65.26 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available 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 shares were 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 of the company’s stock, valued at approximately $2,171,276.10. The trade was a 8.01 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 13.83% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in AUR. Creative Planning purchased a new position in shares of Aurora Innovation in the 3rd quarter valued at approximately $652,000. Cornerstone Wealth Management LLC bought a new position in Aurora Innovation during the 3rd quarter valued at approximately $263,000. Sterling Investment Advisors Ltd. bought a new position in Aurora Innovation during the 3rd quarter valued at approximately $1,184,000. Vanguard Capital Wealth Advisors bought a new position in Aurora Innovation during the 3rd quarter valued at approximately $266,000. Finally, Harbor Capital Advisors Inc. increased its position in Aurora Innovation by 22.2% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 160,259 shares of the company’s stock valued at $949,000 after buying an additional 29,106 shares in the last quarter. Hedge funds and other institutional investors own 44.71% of the company’s stock.

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.