Oppenheimer Begins Coverage on Aurora Innovation (NASDAQ:AUR)

Research analysts at Oppenheimer started coverage on shares of Aurora Innovation (NASDAQ:AUR) in a research note issued to investors on Thursday, MarketBeat Ratings reports. The brokerage set an “outperform” rating and a $15.00 price target on the stock. Oppenheimer’s price target would suggest a potential upside of 124.55% from the company’s previous close.

Several other analysts also recently weighed in on the company. Morgan Stanley started coverage on Aurora Innovation in a research note on Monday, March 3rd. They issued an “overweight” rating and a $12.00 price target on the stock. Evercore ISI increased their price objective on shares of Aurora Innovation from $5.00 to $6.00 and gave the company an “in-line” rating in a research report on Tuesday, February 18th. TD Cowen initiated coverage on shares of Aurora Innovation in a research note on Friday, March 7th. They set a “hold” rating and a $8.00 price objective for the company. Cantor Fitzgerald reiterated an “overweight” rating and issued a $10.00 target price on shares of Aurora Innovation in a research note on Thursday, February 13th. Finally, Canaccord Genuity Group boosted their target price on Aurora Innovation from $7.00 to $10.00 and gave the stock a “buy” rating in a research report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $9.07.

Aurora Innovation Stock Down 10.5 %

Shares of AUR stock opened at $6.68 on Thursday. The stock has a fifty day moving average of $7.28 and a 200 day moving average of $6.58. The firm has a market capitalization of $11.63 billion, a price-to-earnings ratio of -14.21 and a beta of 2.82. Aurora Innovation has a 52 week low of $2.10 and a 52 week high of $10.77.

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

Institutional Trading of Aurora Innovation

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. CoreCap Advisors LLC lifted its position in Aurora Innovation by 15.0% during the fourth quarter. CoreCap Advisors LLC now owns 13,177 shares of the company’s stock valued at $83,000 after purchasing an additional 1,717 shares in the last quarter. CIBC Asset Management Inc increased its stake in Aurora Innovation by 5.1% in the 4th quarter. CIBC Asset Management Inc now owns 35,587 shares of the company’s stock worth $224,000 after buying an additional 1,723 shares in the last quarter. Corient Private Wealth LLC raised its holdings in Aurora Innovation by 11.5% during the fourth quarter. Corient Private Wealth LLC now owns 21,484 shares of the company’s stock valued at $135,000 after acquiring an additional 2,216 shares during the period. Twin Tree Management LP boosted its stake in shares of Aurora Innovation by 217.2% in the fourth quarter. Twin Tree Management LP now owns 4,450 shares of the company’s stock worth $28,000 after acquiring an additional 3,047 shares during the period. Finally, Summit Investment Advisors Inc. grew its position in shares of Aurora Innovation by 3.5% during the fourth quarter. Summit Investment Advisors Inc. now owns 98,238 shares of the company’s stock worth $619,000 after purchasing an additional 3,360 shares in the last quarter. 44.71% of the stock is owned by hedge funds and other 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.