Aurora Innovation, Inc. (NASDAQ:AUR) Receives Average Rating of “Moderate Buy” from Analysts

Aurora Innovation, Inc. (NASDAQ:AUR) has received a consensus recommendation of “Moderate Buy” from the eight analysts that are covering the company, Marketbeat.com reports. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $9.57.

A number of analysts have recently weighed in on the stock. Canaccord Genuity Group upped their price target on shares of Aurora Innovation from $7.00 to $10.00 and gave the stock a “buy” rating in a report on Wednesday, January 8th. The Goldman Sachs Group raised Aurora Innovation from a “sell” rating to a “neutral” rating and raised their target price for the company from $3.00 to $6.00 in a report on Thursday. Cantor Fitzgerald reissued an “overweight” rating and set a $10.00 price target on shares of Aurora Innovation in a report on Thursday, February 13th. TD Cowen began coverage on Aurora Innovation in a research note on Friday, March 7th. They issued a “hold” rating and a $8.00 price objective on the stock. Finally, Oppenheimer began coverage on Aurora Innovation in a research note on Thursday, March 27th. They set an “outperform” rating and a $15.00 target price for the company.

Aurora Innovation Price Performance

Aurora Innovation stock opened at $6.19 on Monday. The stock’s fifty day moving average price is $7.15 and its two-hundred day moving average price is $6.68. The firm has a market cap of $10.77 billion, a PE ratio of -13.17 and a beta of 2.77. Aurora Innovation has a one year low of $2.10 and a one year high of $10.77.

Aurora Innovation (NASDAQ:AUR) last posted its quarterly earnings results on Wednesday, February 12th. The company reported ($0.11) EPS for the quarter. Sell-side analysts expect that Aurora Innovation will post -0.49 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Aurora Innovation

Several large investors have recently bought and sold shares of the company. Garden State Investment Advisory Services LLC acquired a new position in shares of Aurora Innovation in the third quarter valued at approximately $192,000. HighTower Advisors LLC grew its holdings in Aurora Innovation by 13.9% during the 3rd quarter. HighTower Advisors LLC now owns 95,450 shares of the company’s stock worth $566,000 after acquiring an additional 11,628 shares during the last quarter. State Street Corp increased its position in Aurora Innovation by 15.2% in the 3rd quarter. State Street Corp now owns 22,183,252 shares of the company’s stock valued at $131,325,000 after acquiring an additional 2,920,653 shares during the period. Wellington Management Group LLP raised its stake in shares of Aurora Innovation by 173.9% during the third quarter. Wellington Management Group LLP now owns 2,381,589 shares of the company’s stock valued at $14,099,000 after acquiring an additional 1,512,061 shares during the last quarter. Finally, Barclays PLC grew its stake in shares of Aurora Innovation by 431.9% in the third quarter. Barclays PLC now owns 1,709,749 shares of the company’s stock worth $10,122,000 after purchasing an additional 1,388,307 shares during the last quarter. 44.71% of the stock is currently owned by institutional investors.

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.