Aurora Innovation (NASDAQ:AUR) Issues Earnings Results

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

Aurora Innovation Stock Up 12.5 %

Aurora Innovation stock traded up $1.18 during trading on Friday, hitting $10.60. The stock had a trading volume of 19,260,237 shares, compared to its average volume of 15,929,605. Aurora Innovation has a 1 year low of $2.10 and a 1 year high of $10.77. The stock’s 50 day moving average is $7.04 and its two-hundred day moving average is $5.80. The stock has a market cap of $18.21 billion, a price-to-earnings ratio of -21.71 and a beta of 2.85.

Analyst Ratings Changes

A number of analysts have commented on the company. Wolfe Research assumed coverage on Aurora Innovation in a report on Tuesday, November 26th. They set a “peer perform” rating for the company. The Goldman Sachs Group boosted their price objective on Aurora Innovation from $2.00 to $2.50 and gave the stock a “sell” rating in a report on Monday, November 4th. TD Cowen boosted their price objective on Aurora Innovation from $3.00 to $4.00 and gave the stock a “hold” rating in a report on Thursday, October 31st. Canaccord Genuity Group upped their target price on Aurora Innovation from $7.00 to $10.00 and gave the company a “buy” rating in a report on Wednesday, January 8th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $10.00 target price on shares of Aurora Innovation in a report on Thursday. One equities 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. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $6.30.

Insider Activity at Aurora Innovation

In related news, Director Gloria R. Boyland sold 30,000 shares of the company’s stock in a transaction that occurred 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 transaction, the director now owns 344,647 shares in the company, valued at approximately $2,171,276.10. This represents a 8.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Reid Hoffman sold 537,837 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $5.48, for a total value of $2,947,346.76. Following the completion of the transaction, the director now owns 286,247 shares in the company, valued at approximately $1,568,633.56. The trade was a 65.26 % decrease in their position. The disclosure for this sale can be found here. 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.