Aurora Innovation (NASDAQ:AUR) Price Target Cut to $2.50

Posted by on Oct 5th, 2023

Aurora Innovation (NASDAQ:AUR – Get Free Report) had its price objective lowered by equities researchers at The Goldman Sachs Group from $3.00 to $2.50 in a note issued to investors on Tuesday, Benzinga reports. The brokerage currently has a “neutral” rating on the stock. The Goldman Sachs Group’s target price indicates a potential upside of 9.65% from the stock’s previous close.

A number of other equities research analysts have also weighed in on the stock. TD Cowen started coverage on shares of Aurora Innovation in a report on Tuesday, September 19th. They issued a “market perform” rating and a $3.00 target price on the stock. Evercore ISI started coverage on shares of Aurora Innovation in a report on Tuesday, September 12th. They set an “inline” rating and a $4.00 target price on the stock. Finally, Canaccord Genuity Group raised their target price on Aurora Innovation from $5.00 to $7.00 and gave the stock a “buy” rating in a report on Thursday, July 20th.

Check Out Our Latest Stock Report on AUR

Aurora Innovation Trading Up 6.0 %

Shares of AUR opened at $2.28 on Tuesday. Aurora Innovation has a 1 year low of $1.10 and a 1 year high of $3.92. The stock’s 50-day moving average price is $3.07 and its two-hundred day moving average price is $2.30. The stock has a market cap of $3.39 billion, a P/E ratio of -2.96 and a beta of 2.61.

Aurora Innovation (NASDAQ:AUR – Get Free Report) last released its quarterly earnings data on Wednesday, August 2nd. The company reported ($0.18) earnings per share for the quarter.

Insider Activity

In other Aurora Innovation news, Director Sterling Anderson sold 200,000 shares of the stock in a transaction on Monday, July 10th. The stock was sold at an average price of $2.96, for a total transaction of $592,000.00. Following the transaction, the director now owns 92,899 shares of the company’s stock, valued at approximately $274,981.04. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders sold a total of 2,638,822 shares of company stock valued at $8,379,823 over the last 90 days. Insiders own 17.70% of the company’s stock.

Hedge Funds Weigh In On Aurora Innovation

Large investors have recently modified their holdings of the company. Wolverine Trading LLC acquired a new position in Aurora Innovation during the 2nd quarter valued at about $74,000. California State Teachers Retirement System increased its position in Aurora Innovation by 50.5% during the second quarter. California State Teachers Retirement System now owns 440,508 shares of the company’s stock worth $1,295,000 after buying an additional 147,795 shares during the last quarter. Nuveen Asset Management LLC acquired a new position in Aurora Innovation during the 2nd quarter worth $2,494,000. Alliancebernstein L.P. acquired a new stake in shares of Aurora Innovation in the second quarter worth $921,000. Finally, Wells Fargo & Company MN boosted its holdings in Aurora Innovation by 2,289.7% in the 2nd quarter. Wells Fargo & Company MN now owns 136,692 shares of the company’s stock valued at $402,000 after purchasing an additional 130,972 shares during the period. 42.34% of the stock is currently owned by hedge funds and other institutional investors.

About Aurora Innovation

(Get Free Report)

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.

Featured Stories

Receive News & Ratings for Aurora Innovation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aurora Innovation and related companies with MarketBeat.com's FREE daily email newsletter.