Aurora Innovation (NASDAQ:AUR) Issues Quarterly Earnings Results

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

Aurora Innovation Stock Up 12.5 %

AUR traded up $1.18 during midday trading on Friday, hitting $10.60. 19,260,237 shares of the company were exchanged, compared to its average volume of 15,929,605. The firm has a market capitalization of $18.21 billion, a P/E ratio of -21.71 and a beta of 2.85. Aurora Innovation has a 1-year low of $2.10 and a 1-year high of $10.77. The firm’s 50 day moving average price is $7.04 and its 200-day moving average price is $5.80.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Wolfe Research assumed coverage on Aurora Innovation in a research note on Tuesday, November 26th. They issued a “peer perform” rating on the stock. TD Cowen lifted their price target on Aurora Innovation from $3.00 to $4.00 and gave the company a “hold” rating in a research note on Thursday, October 31st. The Goldman Sachs Group lifted their price target on Aurora Innovation from $2.00 to $2.50 and gave the company a “sell” rating in a research note on Monday, November 4th. Canaccord Genuity Group lifted their price target on Aurora Innovation from $7.00 to $10.00 and gave the company a “buy” rating in a research note on Wednesday, January 8th. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $10.00 price objective on shares of Aurora Innovation in a research report on Thursday. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $6.30.

Insiders Place Their Bets

In other news, Director Reid Hoffman sold 537,837 shares of the business’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $5.48, for a total value of $2,947,346.76. Following the transaction, the director now directly owns 286,247 shares of the company’s stock, valued at $1,568,633.56. The trade was a 65.26 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Gloria R. Boyland sold 30,000 shares of the business’s stock in a transaction dated 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 directly owns 344,647 shares in the company, valued at $2,171,276.10. This represents a 8.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 13.83% of the company’s stock.

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.