Northland Securities Sticks to Its Buy Rating for Aurora Innovation (AUR)

Northland Securities analyst Michael Latimore reiterated a Buy rating on Aurora Innovation today and set a price target of $11.00.

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According to TipRanks, Latimore is a 4-star analyst with an average return of 5.3% and a 31.02% success rate. Latimore covers the Technology sector, focusing on stocks such as Ondas, Gorilla Technology Group Inc., and NICE.

In addition to Northland Securities, Aurora Innovation also received a Buy from Cantor Fitzgerald’s Andres Sheppard in a report issued today. However, on the same day, TD Cowen maintained a Hold rating on Aurora Innovation (NASDAQ: AUR).

Based on Aurora Innovation’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $2 million and a GAAP net loss of $270 million. In comparison, last year the company earned a revenue of $1 million and had a GAAP net loss of $201 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.