Aurora Innovation, Inc. (NASDAQ:AUR) Receives $8.08 Average PT from Analysts

Aurora Innovation, Inc. (NASDAQ:AUR) has received an average rating of “Hold” from the seven research firms that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $8.08.

A number of equities research analysts have issued reports on AUR shares. Cantor Fitzgerald restated an “overweight” rating and set a $10.00 price objective on shares of Aurora Innovation in a research report on Thursday, February 13th. TD Cowen started coverage on Aurora Innovation in a report on Friday, March 7th. They set a “hold” rating and a $8.00 price target on the stock. Wolfe Research assumed coverage on shares of Aurora Innovation in a research note on Tuesday, November 26th. They set a “peer perform” rating for the company. Morgan Stanley assumed coverage on shares of Aurora Innovation in a research note on Monday, March 3rd. They issued an “overweight” rating and a $12.00 target price on the stock. Finally, Canaccord Genuity Group lifted their price target on shares of Aurora Innovation from $7.00 to $10.00 and gave the stock a “buy” rating in a research note on Wednesday, January 8th.

Aurora Innovation Price Performance

Shares of AUR opened at $7.64 on Thursday. The business’s 50 day simple moving average is $7.23 and its 200-day simple moving average is $6.52. Aurora Innovation has a 1 year low of $2.10 and a 1 year high of $10.77. The stock has a market capitalization of $13.30 billion, a price-to-earnings ratio of -16.26 and a beta of 2.82.

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

Institutional Investors Weigh In On Aurora Innovation

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AUR. Twin Tree Management LP raised its stake in shares of Aurora Innovation by 217.2% during the fourth quarter. Twin Tree Management LP now owns 4,450 shares of the company’s stock valued at $28,000 after acquiring an additional 3,047 shares in the last quarter. GPS Wealth Strategies Group LLC increased its holdings in Aurora Innovation by 241.7% during the 4th quarter. GPS Wealth Strategies Group LLC now owns 7,005 shares of the company’s stock worth $44,000 after purchasing an additional 4,955 shares during the period. Dynamic Technology Lab Private Ltd bought a new stake in Aurora Innovation during the 3rd quarter valued at $60,000. Reynders McVeigh Capital Management LLC purchased a new stake in shares of Aurora Innovation in the 3rd quarter worth $63,000. Finally, Grimes & Company Inc. bought a new position in shares of Aurora Innovation during the 4th quarter worth $63,000. Institutional investors own 44.71% of the company’s stock.

About Aurora Innovation

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.