Aurora Innovation (NASDAQ:AUR) Coverage Initiated at Wolfe Research

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

Other research analysts have also issued research reports about the company. Canaccord Genuity Group reissued a “buy” rating and set a $7.00 price objective on shares of Aurora Innovation in a report on Monday, September 30th. The Goldman Sachs Group increased their price target on 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 price target on shares of Aurora Innovation from $3.00 to $4.00 and gave the company a “hold” rating in a research report on Thursday, October 31st. Finally, Evercore ISI upped their price objective on shares of Aurora Innovation from $3.00 to $5.00 and gave the stock an “in-line” rating in a report on Monday, October 14th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, Aurora Innovation currently has a consensus rating of “Hold” and a consensus price target of $4.63.

Aurora Innovation Price Performance

Shares of Aurora Innovation stock opened at $6.45 on Tuesday. The firm has a market cap of $11.08 billion, a price-to-earnings ratio of -13.16 and a beta of 2.82. The stock has a 50-day simple moving average of $5.75 and a 200-day simple moving average of $4.20. Aurora Innovation has a 52-week low of $2.06 and a 52-week high of $7.01.

Insiders Place Their Bets

In other Aurora Innovation news, Director Reid Hoffman sold 3,500,000 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $5.58, for a total transaction of $19,530,000.00. Following the completion of the transaction, the director now owns 382,425 shares in the company, valued at $2,133,931.50. This trade represents a 90.15 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders have sold 8,746,667 shares of company stock worth $48,243,337 over the last 90 days. Corporate insiders own 13.83% of the company’s stock.

Hedge Funds Weigh In On Aurora Innovation

Hedge funds have recently modified their holdings of the stock. Sequoia Financial Advisors LLC bought a new stake in Aurora Innovation in the second quarter valued at $30,000. Profund Advisors LLC acquired a new stake in shares of Aurora Innovation in the 2nd quarter valued at $46,000. Vanguard Personalized Indexing Management LLC bought a new stake in shares of Aurora Innovation in the 2nd quarter worth about $51,000. Nisa Investment Advisors LLC increased its position in shares of Aurora Innovation by 32.0% during the 2nd quarter. Nisa Investment Advisors LLC now owns 19,412 shares of the company’s stock worth $54,000 after purchasing an additional 4,702 shares in the last quarter. Finally, Diversified Portfolios Inc. acquired a new position in Aurora Innovation in the second quarter valued at about $54,000. 44.71% of the stock is owned by institutional investors and hedge funds.

About Aurora Innovation

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.