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

Zacks Research upgraded shares of Aurora Innovation (NASDAQ:AUR) from a strong sell rating to a hold rating in a report published on Tuesday morning,Zacks reports.

Other research analysts have also issued research reports about the company. Needham & Company LLC cut their price target on Aurora Innovation from $13.00 to $10.00 and set a “buy” rating on the stock in a report on Thursday, October 29th. Canaccord Genuity Group upped their target price on Aurora Innovation from $15.00 to $17.00 and gave the stock a “buy” rating in a research report on Thursday, September 24th. Oppenheimer boosted their target price on shares of Aurora Innovation from $15.00 to $16.00 and gave the stock an “outperform” rating in a research report on Thursday, October 8th. Weiss Ratings restated a “sell (d-)” rating on shares of Aurora Innovation in a report on Thursday, October 15th. Finally, Evercore restated an “outperform” rating on shares of Aurora Innovation in a research note on Tuesday, September 15th. Eight equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $12.56.

Aurora Innovation Trading Up 1.1%

Shares of NASDAQ AUR opened at $4.60 on Tuesday. The firm has a market capitalization of $9.29 billion, a P/E ratio of -9.58 and a beta of 2.81. The firm’s 50-day moving average price is $5.47 and its 200-day moving average price is $5.60. Aurora Innovation has a 1-year low of $3.60 and a 1-year high of $8.56.

Aurora Innovation (NASDAQ:AUR) last issued its earnings results on Wednesday, October 28th. The company reported ($0.12) EPS for the quarter, meeting the consensus estimate of ($0.12). Aurora Innovation had a negative return on equity of 48.39% and a negative net margin of 13,328.57%. The company had revenue of $3.00 million during the quarter, compared to the consensus estimate of $2.99 million. Aurora Innovation’s quarterly revenue was up 200.0% on a year-over-year basis. Equities research analysts forecast that Aurora Innovation will post -0.48 EPS for the current year.

Insider Buying and Selling

In other Aurora Innovation news, Director Michelangelo Volpi sold 2,842,682 shares of the firm’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $7.00, for a total value of $19,898,774.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 8.52% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Aurora Innovation

Several large investors have recently added to or reduced their stakes in the business. Advisors Asset Management Inc. purchased a new stake in Aurora Innovation in the third quarter valued at approximately $58,000. Private Advisor Group LLC bought a new position in shares of Aurora Innovation during the 3rd quarter valued at about $191,000. Composition Wealth LLC bought a new position in shares of Aurora Innovation during the 3rd quarter valued at about $56,000. Voya Investment Management LLC lifted its position in Aurora Innovation by 16.6% in the 3rd quarter. Voya Investment Management LLC now owns 107,458 shares of the company’s stock worth $595,000 after buying an additional 15,305 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky purchased a new stake in shares of Aurora Innovation in the 3rd quarter valued at $6,544,000. 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.