Canaccord Genuity Group Issues Positive Forecast for Aurora Innovation (NASDAQ:AUR) Stock Price

Aurora Innovation (NASDAQ:AUR) had its target price raised by Canaccord Genuity Group from $7.00 to $10.00 in a research report sent to investors on Wednesday morning,Benzinga reports. Canaccord Genuity Group currently has a buy rating on the stock.

Several other research firms have also recently weighed in on AUR. The Goldman Sachs Group increased their price objective on Aurora Innovation from $2.00 to $2.50 and gave the company a “sell” rating in a research report on Monday, November 4th. Cantor Fitzgerald assumed coverage on shares of Aurora Innovation in a report on Tuesday, December 10th. They set an “overweight” rating and a $10.00 price objective on the stock. TD Cowen increased their target price on shares of Aurora Innovation from $3.00 to $4.00 and gave the company a “hold” rating in a research note on Thursday, October 31st. Evercore ISI boosted their price target on Aurora Innovation from $3.00 to $5.00 and gave the company an “in-line” rating in a research note on Monday, October 14th. Finally, Wolfe Research started coverage on Aurora Innovation in a research report on Tuesday, November 26th. They issued a “peer perform” rating for the company. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Aurora Innovation presently has an average rating of “Hold” and a consensus price target of $6.30.

Aurora Innovation Stock Performance

Aurora Innovation stock opened at $8.06 on Wednesday. Aurora Innovation has a 52 week low of $2.10 and a 52 week high of $9.83. The firm has a market capitalization of $13.85 billion, a PE ratio of -16.45 and a beta of 2.85. The business’s 50-day simple moving average is $6.48 and its 200-day simple moving average is $5.18.

Insider Buying and Selling

In related news, Director Gloria R. Boyland sold 30,000 shares of Aurora Innovation 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 directly owns 344,647 shares of the company’s stock, valued at $2,171,276.10. This trade represents a 8.01 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Reid Hoffman sold 1,393,874 shares of the business’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $5.45, for a total transaction of $7,596,613.30. Following the completion of the transaction, the director now owns 672,425 shares in the company, valued at approximately $3,664,716.25. This trade represents a 67.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 8,776,667 shares of company stock valued at $48,432,337 over the last quarter. Corporate insiders own 13.83% of the company’s stock.

Institutional Trading of Aurora Innovation

Several large investors have recently made changes to their positions in the business. Profund Advisors LLC acquired a new position in Aurora Innovation during the 2nd quarter worth about $46,000. Vanguard Personalized Indexing Management LLC acquired a new position in shares of Aurora Innovation during the second quarter worth approximately $51,000. Souders Financial Advisors bought a new stake in shares of Aurora Innovation during the third quarter valued at approximately $59,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Aurora Innovation in the third quarter valued at approximately $60,000. Finally, Sigma Planning Corp bought a new position in Aurora Innovation in the 3rd quarter worth approximately $63,000. Institutional investors own 44.71% 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.