Oppenheimer Begins Coverage on Aurora Innovation (NASDAQ:AUR)

Equities researchers at Oppenheimer began coverage on shares of Aurora Innovation (NASDAQ:AUR) in a report released on Thursday,Briefing.com Automated Import reports. The brokerage set an “outperform” rating and a $15.00 price target on the stock. Oppenheimer’s target price suggests a potential upside of 110.67% from the company’s previous close.

A number of other equities analysts have also weighed in on AUR. TD Cowen began coverage on Aurora Innovation in a research note on Friday, March 7th. They issued a “hold” rating and a $8.00 target price on the stock. Cantor Fitzgerald restated an “overweight” rating and set a $10.00 target price on shares of Aurora Innovation in a report on Thursday, February 13th. Morgan Stanley initiated coverage on shares of Aurora Innovation in a research note on Monday, March 3rd. They set an “overweight” rating and a $12.00 price objective for the company. Evercore ISI raised their price target on Aurora Innovation from $5.00 to $6.00 and gave the stock an “in-line” rating in a research note on Tuesday, February 18th. Finally, Canaccord Genuity Group upped their target price on Aurora Innovation from $7.00 to $10.00 and gave the stock a “buy” rating in a 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 given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $9.07.

Aurora Innovation Stock Performance

Shares of NASDAQ:AUR opened at $7.12 on Thursday. Aurora Innovation has a 52-week low of $2.10 and a 52-week high of $10.77. The business’s 50 day simple moving average is $7.27 and its two-hundred day simple moving average is $6.55. The firm has a market cap of $12.39 billion, a P/E ratio of -15.15 and a beta of 2.82.

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

Institutional Investors Weigh In On Aurora Innovation

Large investors have recently modified their holdings of the business. Twin Tree Management LP boosted its stake in Aurora Innovation by 217.2% in the 4th quarter. Twin Tree Management LP now owns 4,450 shares of the company’s stock worth $28,000 after purchasing an additional 3,047 shares in the last quarter. GPS Wealth Strategies Group LLC increased its stake in shares of Aurora Innovation by 241.7% in the 4th quarter. GPS Wealth Strategies Group LLC now owns 7,005 shares of the company’s stock valued at $44,000 after purchasing an additional 4,955 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of Aurora Innovation during the 3rd quarter worth approximately $60,000. Reynders McVeigh Capital Management LLC acquired a new position in Aurora Innovation during the third quarter worth $63,000. Finally, Grimes & Company Inc. purchased a new position in Aurora Innovation in the 4th quarter valued at about $63,000. Institutional investors own 44.71% of the company’s stock.

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.