Cantor Fitzgerald Comments on AUR FY2024 Earnings

Aurora Innovation, Inc. (NASDAQ:AUR) – Equities research analysts at Cantor Fitzgerald issued their FY2024 earnings estimates for Aurora Innovation in a note issued to investors on Tuesday, December 10th. Cantor Fitzgerald analyst A. Sheppard anticipates that the company will post earnings of ($0.47) per share for the year. Cantor Fitzgerald has a “Overweight” rating and a $10.00 price target on the stock. The consensus estimate for Aurora Innovation’s current full-year earnings is ($0.47) per share.

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

Aurora Innovation Trading Down 5.3 %

Shares of AUR opened at $6.97 on Thursday. The firm has a market capitalization of $11.98 billion, a price-to-earnings ratio of -14.22 and a beta of 2.86. The firm’s fifty day simple moving average is $6.14 and its 200-day simple moving average is $4.59. Aurora Innovation has a twelve month low of $2.10 and a twelve month high of $8.05.

Institutional Investors Weigh In On Aurora Innovation

A number of large investors have recently added to or reduced their stakes in AUR. Souders Financial Advisors acquired a new stake in Aurora Innovation during the 3rd quarter valued at $59,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Aurora Innovation during the third quarter valued at $60,000. Reynders McVeigh Capital Management LLC purchased a new stake in Aurora Innovation during the 3rd quarter worth about $63,000. Sigma Planning Corp acquired a new position in Aurora Innovation in the 3rd quarter valued at about $63,000. Finally, Sequoia Financial Advisors LLC purchased a new position in Aurora Innovation in the 2nd quarter valued at about $30,000. 44.71% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Aurora Innovation

In other Aurora Innovation news, Director Reid Hoffman sold 1,181,400 shares of the business’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $5.60, for a total transaction of $6,615,840.00. Following the sale, the director now directly owns 125,000 shares in the company, valued at approximately $700,000. The trade was a 90.43 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Gloria R. Boyland sold 30,000 shares of the firm’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 owns 344,647 shares of the company’s stock, valued at approximately $2,171,276.10. This represents a 8.01 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 8,776,667 shares of company stock valued at $48,432,337. 13.83% of the stock is owned by company insiders.

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.