Cantor Fitzgerald Begins Coverage on Aurora Innovation (NASDAQ:AUR)

Analysts at Cantor Fitzgerald started coverage on shares of Aurora Innovation (NASDAQ:AUR) in a note issued to investors on Tuesday,Briefing.com Automated Import reports. The firm set an “overweight” rating and a $10.00 price target on the stock. Cantor Fitzgerald’s target price would suggest a potential upside of 31.23% from the company’s current price.

A number of other analysts also recently issued reports on the stock. The Goldman Sachs Group lifted 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. TD Cowen lifted their target price on Aurora Innovation from $3.00 to $4.00 and gave the stock a “hold” rating in a report on Thursday, October 31st. Evercore ISI increased their price target on Aurora Innovation from $3.00 to $5.00 and gave the company an “in-line” rating in a research note on Monday, October 14th. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $7.00 price objective on shares of Aurora Innovation in a research note on Monday, September 30th. Finally, Wolfe Research began coverage on Aurora Innovation in a research report on Tuesday, November 26th. They set a “peer perform” rating for the company. 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 stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $5.70.

Aurora Innovation Price Performance

Shares of AUR opened at $7.62 on Tuesday. Aurora Innovation has a 1 year low of $2.10 and a 1 year high of $8.05. The company has a 50 day simple moving average of $5.99 and a two-hundred day simple moving average of $4.48. The firm has a market cap of $13.09 billion, a P/E ratio of -15.55 and a beta of 2.86.

Insiders Place Their Bets

In related news, Director Reid Hoffman sold 3,500,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $5.58, for a total transaction of $19,530,000.00. Following the completion of the sale, the director now directly owns 382,425 shares of the company’s stock, valued at approximately $2,133,931.50. This trade represents a 90.15 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Gloria R. Boyland sold 30,000 shares of the company’s stock in a transaction 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 directly owns 344,647 shares in the company, valued at $2,171,276.10. This trade represents a 8.01 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,776,667 shares of company stock valued at $48,432,337 over the last ninety days. 13.83% of the stock is owned by insiders.

Institutional Trading of Aurora Innovation

Large investors have recently made changes to their positions in the stock. Souders Financial Advisors bought a new stake in Aurora Innovation during the 3rd quarter valued at about $59,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of Aurora Innovation during the third quarter valued at approximately $60,000. Reynders McVeigh Capital Management LLC purchased a new stake in shares of Aurora Innovation in the third quarter valued at approximately $63,000. Sigma Planning Corp bought a new position in Aurora Innovation in the third quarter worth approximately $63,000. Finally, Sequoia Financial Advisors LLC purchased a new position in Aurora Innovation during the 2nd quarter worth $30,000. 44.71% of the stock is owned by hedge funds and other 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.