In yesterday’s Wall Street session, Aurora Innovation Inc. (NASDAQ:AUR) shares traded at $3.26, up 3.82% from the previous session.
4 analysts cover Aurora Innovation Inc. (NASDAQ:AUR), according to research data. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $7.00 and a low of $3.00, we find $7.00. Given the previous closing price of $3.14, this indicates a potential upside of 122.93 percent. AUR stock price is now 8.92% away from the 50-day moving average and 76.33% away from the 200-day moving average. The market capitalization of the company currently stands at $4.42B.
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The stock has received a hold rating from 2 analysts and a buy rating from 2. Brokers who have rated the stock have averaged $5.67 as their price target over the next twelve months.
With the price target of $5, Canaccord Genuity recently initiated with Buy rating for Aurora Innovation Inc. (NASDAQ: AUR).
In other news, Anderson Sterling, Director sold 15,613 shares of the company’s stock on Aug 22. The stock was sold for $50,200 at an average price of $3.22. Upon completion of the transaction, the Director now directly owns 61,933 shares in the company, valued at $0.2 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 16, Director Anderson Sterling sold 180,274 shares of the business’s stock. A total of $635,213 was realized by selling the stock at an average price of $3.52. This leaves the insider owning 92,899 shares of the company worth $0.3 million. Insiders disposed of 6,927,624 shares of company stock worth roughly $22.58 million over the past 1 year. A total of 0.20% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in AUR stock. A new stake in Aurora Innovation Inc. shares was purchased by CORRIENTE ADVISORS, LLC during the first quarter worth $6,595,000. SERENGETI ASSET MANAGEMENT LP invested $3,586,000 in shares of AUR during the first quarter. In the first quarter, NUVEEN ASSET MANAGEMENT, LLC acquired a new stake in Aurora Innovation Inc. valued at approximately $2,765,000. EAM INVESTORS, LLC acquired a new stake in AUR for approximately $1,374,000. ALLIANCEBERNSTEIN L.P. purchased a new stake in AUR valued at around $1,021,000 in the second quarter. In total, there are 160 active investors with 40.60% ownership of the company’s stock.
During the past 12 months, Aurora Innovation Inc. has had a low of $1.10 and a high of $3.79. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 9.40, and a quick ratio of 9.40. The fifty day moving average price for AUR is $3.0132 and a two-hundred day moving average price translates $1.8571 for the stock.
The latest earnings results from Aurora Innovation Inc. (NASDAQ: AUR) was released for Jun, 2023. According to the Information Technology Services Company, earnings per share came in at -$0.18, missing analysts’ expectations of -$0.17 by -0.01. This compares to -$1.02 EPS in the same period last year.
Aurora Innovation Inc.(AUR) 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 passenger vehicles, light commercial vehicles, and trucks. The company was founded in 2017 and is headquartered in Pittsburgh, Pennsylvania.
