Aurora Innovation, Inc. (NASDAQ:AUR) Receives $8.08 Consensus Price Target from Analysts

Shares of Aurora Innovation, Inc. (NASDAQ:AUR) have been assigned a consensus rating of “Hold” from the seven ratings firms that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $8.08.

Several research firms have recently issued reports on AUR. TD Cowen started coverage on Aurora Innovation in a research report on Friday, March 7th. They set a “hold” rating and a $8.00 price objective for the company. Morgan Stanley started coverage on shares of Aurora Innovation in a research report on Monday, March 3rd. They set an “overweight” rating and a $12.00 target price on the stock. Wolfe Research started coverage on shares of Aurora Innovation in a research report on Tuesday, November 26th. They issued a “peer perform” rating for the company. Canaccord Genuity Group lifted their price objective on shares of 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 reiterated an “overweight” rating and set a $10.00 target price on shares of Aurora Innovation in a research note on Thursday, February 13th.

Aurora Innovation Trading Up 1.3 %

AUR opened at $7.23 on Thursday. The firm has a market cap of $12.58 billion, a price-to-earnings ratio of -15.38 and a beta of 2.82. Aurora Innovation has a 12-month low of $2.10 and a 12-month high of $10.77. The stock’s 50-day moving average price is $7.20 and its 200 day moving average price is $6.48.

Aurora Innovation (NASDAQ:AUR) last announced its quarterly earnings data on Wednesday, February 12th. The company reported ($0.11) earnings per share (EPS) for the quarter. On average, research analysts forecast that Aurora Innovation will post -0.49 earnings per share for the current year.

Hedge Funds Weigh In On Aurora Innovation

A number of institutional investors have recently made changes to their positions in the stock. Uber Technologies Inc acquired a new stake in shares of Aurora Innovation during the fourth quarter valued at $2,053,632,000. Vanguard Group Inc. raised its holdings in Aurora Innovation by 2.4% in the 4th quarter. Vanguard Group Inc. now owns 113,020,406 shares of the company’s stock valued at $712,029,000 after acquiring an additional 2,687,191 shares during the last quarter. Toyota Motor Corp purchased a new position in shares of Aurora Innovation during the 4th quarter worth $298,294,000. Price T Rowe Associates Inc. MD grew its position in shares of Aurora Innovation by 13.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 26,671,319 shares of the company’s stock valued at $168,030,000 after purchasing an additional 3,237,609 shares during the period. Finally, Geode Capital Management LLC boosted its position in shares of Aurora Innovation by 2.5% in the fourth quarter. Geode Capital Management LLC now owns 23,374,230 shares of the company’s stock worth $147,292,000 after acquiring an additional 577,704 shares during the last quarter. 44.71% of the stock is owned by institutional investors and hedge funds.

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.