Aurora Innovation (NASDAQ:AUR) Now Covered by Analysts at Wolfe Research

Analysts at Wolfe Research assumed coverage on shares of Aurora Innovation (NASDAQ:AUR) in a research report issued on Tuesday,Briefing.com Automated Import reports. The firm set a “peer perform” rating on the stock.

AUR has been the subject of several other research reports. Evercore ISI raised their price objective on shares of Aurora Innovation from $3.00 to $5.00 and gave the company an “in-line” rating in a research report on Monday, October 14th. The Goldman Sachs Group increased their price target on shares of Aurora Innovation from $2.00 to $2.50 and gave the company a “sell” rating in a research note on Monday, November 4th. TD Cowen boosted their price objective on shares of Aurora Innovation from $3.00 to $4.00 and gave the stock a “hold” rating in a research report on Thursday, October 31st. Finally, Canaccord Genuity Group reiterated a “buy” rating and issued a $7.00 price objective on shares of Aurora Innovation in a research report on Monday, September 30th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $4.63.

Aurora Innovation Stock Performance

Shares of AUR stock opened at $6.45 on Tuesday. The stock’s fifty day moving average is $5.75 and its 200-day moving average is $4.20. Aurora Innovation has a 52 week low of $2.06 and a 52 week high of $7.01. The stock has a market capitalization of $11.08 billion, a PE ratio of -13.16 and a beta of 2.82.

Insider Buying and Selling

In related news, Director Reid Hoffman sold 447,046 shares of the company’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $5.04, for a total value of $2,253,111.84. Following the completion of the transaction, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders sold a total of 8,746,667 shares of company stock valued at $48,243,337 over the last three months. Company insiders own 13.83% of the company’s stock.

Institutional Trading of Aurora Innovation

A number of institutional investors have recently modified their holdings of the company. Baillie Gifford & Co. grew its holdings in shares of Aurora Innovation by 78.4% during the second quarter. Baillie Gifford & Co. now owns 72,438,562 shares of the company’s stock worth $200,655,000 after buying an additional 31,841,994 shares in the last quarter. FMR LLC grew its stake in shares of Aurora Innovation by 206.1% during the 3rd quarter. FMR LLC now owns 13,848,530 shares of the company’s stock worth $81,983,000 after acquiring an additional 9,325,013 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Aurora Innovation by 273.5% in the second quarter. Bank of New York Mellon Corp now owns 5,190,426 shares of the company’s stock worth $14,377,000 after purchasing an additional 3,800,901 shares in the last quarter. Geode Capital Management LLC grew its position in Aurora Innovation by 15.5% in the third quarter. Geode Capital Management LLC now owns 22,796,526 shares of the company’s stock valued at $134,981,000 after purchasing an additional 3,064,342 shares in the last quarter. Finally, State Street Corp increased its stake in Aurora Innovation by 15.2% in the 3rd quarter. State Street Corp now owns 22,183,252 shares of the company’s stock valued at $131,325,000 after buying an additional 2,920,653 shares during the last quarter. 44.71% of the stock is currently 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.