In yesterday’s Wall Street session, Aurora Innovation Inc. (NASDAQ:AUR) shares traded at $3.68, up 2.22% from the previous session.
As of this writing, 4 analysts cover Aurora Innovation Inc. (NASDAQ:AUR). 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 $3.60, this indicates a potential upside of 94.44 percent. AUR stock price is now 19.24% away from the 50-day moving average and 95.00% away from the 200-day moving average. The market capitalization of the company currently stands at $5.41B.
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There are 2 analysts who have given it a hold rating, whereas 2 have given it a buy rating. 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 200,000 shares of the company’s stock on Sep 06. The stock was sold for $747,900 at an average price of $3.74. Upon completion of the transaction, the Director now directly owns 61,933 shares in the company, valued at $0.23 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 05, Director Anderson Sterling sold 200,000 shares of the business’s stock. A total of $713,340 was realized by selling the stock at an average price of $3.57. This leaves the insider owning 61,933 shares of the company worth $0.23 million. Insiders disposed of 7,260,055 shares of company stock worth roughly $26.72 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 $7,444,000. SERENGETI ASSET MANAGEMENT LP invested $4,048,000 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 $3,122,000. EAM INVESTORS, LLC acquired a new stake in AUR for approximately $1,551,000. ALLIANCEBERNSTEIN L.P. purchased a new stake in AUR valued at around $1,152,000 in the second quarter. In total, there are 160 active investors with 40.60% ownership of the company’s stock.
Wednesday morning saw Aurora Innovation Inc. (NASDAQ: AUR) opened at $3.6000. 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 $3.1157 and a two-hundred day moving average price translates $1.8968 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.
