Aurora Innovation (NASDAQ:AUR) Announces Earnings Results

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

Aurora Innovation Trading Down 7.9 %

Shares of NASDAQ:AUR traded down $0.55 on Wednesday, hitting $6.45. The company had a trading volume of 14,699,151 shares, compared to its average volume of 15,017,457. The stock has a market cap of $11.08 billion, a price-to-earnings ratio of -13.16 and a beta of 2.85. The stock has a 50 day moving average price of $7.01 and a 200 day moving average price of $5.78. 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 Reid Hoffman sold 537,837 shares of Aurora Innovation stock in a transaction on Monday, November 18th. The stock was sold at an average price of $5.48, for a total transaction of $2,947,346.76. Following the completion of the sale, the director now owns 286,247 shares of the company’s stock, valued at approximately $1,568,633.56. This trade represents a 65.26 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Gloria R. Boyland sold 30,000 shares of the company’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $6.30, for a total transaction 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 disclosure for this sale can be found here. In the last 90 days, insiders sold 1,014,883 shares of company stock worth $5,389,459. 13.83% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on AUR. Canaccord Genuity Group boosted 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. Cantor Fitzgerald initiated coverage on Aurora Innovation in a research report on Tuesday, December 10th. They issued an “overweight” rating and a $10.00 target price on the stock. TD Cowen increased their price target on Aurora Innovation from $3.00 to $4.00 and gave the company a “hold” rating in a research report on Thursday, October 31st. Wolfe Research assumed coverage on Aurora Innovation in a research report on Tuesday, November 26th. They set a “peer perform” rating on the stock. Finally, 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. One analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus 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.