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TD Cowen Keeps Their Hold Rating on Aurora Innovation (AUR)

Tipranks - Fri Jul 31, 7:02AM CDT

In a report released today, Itay Michaeli from TD Cowen maintained a Hold rating on Aurora Innovation, with a price target of $7.00.

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Michaeli covers the Consumer Cyclical sector, focusing on stocks such as Lear, Ford Motor, and Visteon. According to TipRanks, Michaeli has an average return of -18.8% and a 41.20% success rate on recommended stocks.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Aurora Innovation with a $11.43 average price target.

Based on Aurora Innovation’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $1 million and a GAAP net loss of $223 million. In comparison, last year the company had a GAAP net loss of $208 million

Based on the recent corporate insider activity of 35 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of AUR in relation to earlier this year. Last month, David Wehner, a Director at AUR bought 82,500.00 shares for a total of $498,300.00.

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