Aurora Innovation’s (AUR) “Buy” Rating Reiterated at Canaccord Genuity Group

Canaccord Genuity Group reaffirmed their buy rating on shares of Aurora Innovation (NASDAQ:AUR) in a research note issued to investors on Wednesday,Benzinga reports. Canaccord Genuity Group currently has a $15.00 price objective on the stock.

Several other brokerages also recently issued reports on AUR. UBS Group reiterated an “underperform” rating on shares of Aurora Innovation in a research report on Wednesday. Weiss Ratings reiterated a “sell (d-)” rating on shares of Aurora Innovation in a research report on Wednesday, October 8th. Finally, Oppenheimer reiterated an “outperform” rating and issued a $15.00 price objective on shares of Aurora Innovation in a research report on Wednesday. Five equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $10.44.

Aurora Innovation Price Performance

Aurora Innovation stock opened at $5.24 on Wednesday. The business has a 50 day simple moving average of $5.53 and a 200 day simple moving average of $5.91. Aurora Innovation has a one year low of $4.75 and a one year high of $10.77. The company has a market capitalization of $9.67 billion, a PE ratio of -11.64 and a beta of 2.45.

Aurora Innovation (NASDAQ:AUR) last issued its quarterly earnings data on Tuesday, October 28th. The company reported ($0.11) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.12) by $0.01. The business had revenue of $1.00 million during the quarter, compared to the consensus estimate of $1.23 million. During the same quarter in the previous year, the firm posted ($0.13) EPS. Equities analysts anticipate that Aurora Innovation will post -0.49 earnings per share for the current fiscal year.

Insider Buying and Selling at Aurora Innovation

In other news, Director John J. Donahoe bought 162,337 shares of the stock in a transaction dated Wednesday, August 6th. The stock was bought at an average cost of $6.10 per share, with a total value of $990,255.70. Following the purchase, the director owned 162,337 shares of the company’s stock, valued at approximately $990,255.70. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Brittany Bagley sold 50,000 shares of Aurora Innovation stock in a transaction on Tuesday, September 30th. The shares were sold at an average price of $5.39, for a total value of $269,500.00. Following the completion of the sale, the director directly owned 398,372 shares of the company’s stock, valued at $2,147,225.08. This trade represents a 11.15% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 11.85% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Aurora Innovation

Institutional investors have recently made changes to their positions in the stock. Signaturefd LLC grew its stake in shares of Aurora Innovation by 208.0% during the first quarter. Signaturefd LLC now owns 5,283 shares of the company’s stock worth $36,000 after purchasing an additional 3,568 shares during the period. GAMMA Investing LLC lifted its holdings in Aurora Innovation by 147.3% during the first quarter. GAMMA Investing LLC now owns 5,922 shares of the company’s stock worth $40,000 after acquiring an additional 3,527 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in Aurora Innovation by 463.3% during the second quarter. Farther Finance Advisors LLC now owns 7,616 shares of the company’s stock worth $40,000 after acquiring an additional 6,264 shares in the last quarter. N.E.W. Advisory Services LLC bought a new position in Aurora Innovation during the third quarter worth about $44,000. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of Aurora Innovation by 37.2% in the first quarter. PNC Financial Services Group Inc. now owns 7,683 shares of the company’s stock valued at $52,000 after purchasing an additional 2,085 shares in the last quarter. 44.71% of the stock is owned by institutional investors and hedge funds.

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.