Aurora Innovation (NASDAQ:AUR) Coverage Initiated by Analysts at Cantor Fitzgerald

Cantor Fitzgerald started coverage on shares of Aurora Innovation (NASDAQ:AUR) in a research note issued to investors on Tuesday morning, Marketbeat.com reports. The brokerage issued an overweight rating and a $10.00 target price on the stock.

AUR has been the subject of several other reports. The Goldman Sachs Group lifted their target price on shares of Aurora Innovation from $2.00 to $2.50 and gave the stock a “sell” rating in a report on Monday, November 4th. TD Cowen upped their price objective on Aurora Innovation from $3.00 to $4.00 and gave the company a “hold” rating in a research report on Thursday, October 31st. Canaccord Genuity Group reissued a “buy” rating and issued a $7.00 target price on shares of Aurora Innovation in a report on Monday, September 30th. Wolfe Research started coverage on Aurora Innovation in a research note on Tuesday, November 26th. They issued a “peer perform” rating for the company. Finally, Evercore ISI increased their price objective on Aurora Innovation from $3.00 to $5.00 and gave the company an “in-line” rating in a research report on Monday, October 14th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $5.70.

Aurora Innovation Stock Performance

Shares of NASDAQ:AUR opened at $7.39 on Tuesday. Aurora Innovation has a 52-week low of $2.10 and a 52-week high of $8.05. The firm has a market capitalization of $12.70 billion, a P/E ratio of -15.08 and a beta of 2.86. The stock has a 50 day moving average price of $6.03 and a 200-day moving average price of $4.52.

Insider Buying and Selling at Aurora Innovation

In other Aurora Innovation news, Director Reid Hoffman sold 3,500,000 shares of Aurora Innovation stock in a transaction on 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 directly owns 382,425 shares of the company’s stock, valued at $2,133,931.50. The trade was a 90.15 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Gloria R. Boyland sold 30,000 shares of the business’s stock in a transaction that occurred 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 transaction, the director now owns 344,647 shares of the company’s stock, 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 sold 8,776,667 shares of company stock worth $48,432,337 in the last quarter. 13.83% of the stock is owned by corporate insiders.

Institutional Trading of Aurora Innovation

Institutional investors and hedge funds have recently made changes to their positions in the business. Sequoia Financial Advisors LLC purchased a new position in Aurora Innovation during the second quarter valued at approximately $30,000. Profund Advisors LLC purchased a new position in shares of Aurora Innovation in the 2nd quarter valued at $46,000. Vanguard Personalized Indexing Management LLC bought a new position in shares of Aurora Innovation in the 2nd quarter worth $51,000. Nisa Investment Advisors LLC lifted its stake 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 during the last quarter. Finally, Diversified Portfolios Inc. bought a new stake in Aurora Innovation during the second quarter valued at about $54,000. 44.71% of the stock is currently owned by institutional investors.

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.