Aurora Innovation (NASDAQ:AUR) Issues Earnings Results

Aurora Innovation (NASDAQ:AUR) announced its quarterly earnings results on Wednesday. The company reported ($0.11) EPS for the quarter, Zacks reports.

Aurora Innovation Price Performance

Shares of AUR opened at $6.45 on Thursday. The company’s fifty day moving average is $7.04 and its two-hundred day moving average is $5.80. Aurora Innovation has a 1 year low of $2.10 and a 1 year high of $9.83.

Insider Transactions at Aurora Innovation

In other news, Director Gloria R. Boyland sold 30,000 shares of the firm’s stock in a transaction on Tuesday, November 26th. The stock was 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 in the company, valued at $2,171,276.10. This trade represents a 8.01 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Reid Hoffman sold 447,046 shares of the stock in a transaction on Friday, November 15th. The shares were sold at an average price of $5.04, for a total value of $2,253,111.84. Following the sale, the director now owns 26,892 shares in the company, valued at approximately $135,535.68. This trade represents a 94.33 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,014,883 shares of company stock worth $5,389,459 over the last ninety days. 13.83% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

AUR has been the topic of a number of research analyst reports. The Goldman Sachs Group boosted their price target on shares of Aurora Innovation from $2.00 to $2.50 and gave the company a “sell” rating in a research note on Monday, November 4th. TD Cowen lifted their price objective on Aurora Innovation from $3.00 to $4.00 and gave the company a “hold” rating in a research note on Thursday, October 31st. Canaccord Genuity Group lifted their price objective on shares of Aurora Innovation from $7.00 to $10.00 and gave the stock a “buy” rating in a research report on Wednesday, January 8th. Wolfe Research began coverage on Aurora Innovation in a report on Tuesday, November 26th. They issued a “peer perform” rating for the company. Finally, Cantor Fitzgerald began coverage on Aurora Innovation in a research report on Tuesday, December 10th. They set an “overweight” rating and a $10.00 target price on the stock. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $6.30.

Aurora Innovation 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 vehicles. The company was founded in 2017 and is headquartered in Pittsburgh, Pennsylvania.