Brokerages Set Aurora Innovation, Inc. (NASDAQ:AUR) PT at $10.34

Aurora Innovation, Inc. (NASDAQ:AUR) has earned an average recommendation of “Hold” from the eight analysts that are presently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating on the company. The average 12 month price target among brokers that have covered the stock in the last year is $10.34.

Several brokerages have recently commented on AUR. Needham & Company LLC reissued a “buy” rating and issued a $13.00 target price on shares of Aurora Innovation in a report on Thursday, February 12th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Aurora Innovation in a report on Wednesday, January 21st. The Goldman Sachs Group cut their price objective on Aurora Innovation from $6.00 to $4.00 and set a “neutral” rating for the company in a research report on Wednesday, November 26th. Cantor Fitzgerald reiterated an “overweight” rating on shares of Aurora Innovation in a research report on Monday, February 9th. Finally, TD Cowen decreased their price objective on shares of Aurora Innovation from $5.50 to $4.70 and set a “hold” rating on the stock in a report on Friday, February 13th.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Danske Bank A S acquired a new position in shares of Aurora Innovation during the third quarter valued at $36,000. N.E.W. Advisory Services LLC bought a new stake in Aurora Innovation during the 3rd quarter worth about $44,000. Garton & Associates Financial Advisors LLC bought a new stake in Aurora Innovation during the 4th quarter worth about $35,000. Fifth Third Bancorp lifted its position in Aurora Innovation by 101.4% during the 3rd quarter. Fifth Third Bancorp now owns 9,930 shares of the company’s stock valued at $54,000 after purchasing an additional 5,000 shares during the period. Finally, Evolution Wealth Advisors LLC acquired a new position in Aurora Innovation during the 2nd quarter valued at about $52,000. Institutional investors own 44.71% of the company’s stock.

Aurora Innovation Price Performance

Shares of NASDAQ:AUR opened at $4.61 on Thursday. The business’s fifty day moving average price is $4.47 and its two-hundred day moving average price is $4.78. Aurora Innovation has a fifty-two week low of $3.60 and a fifty-two week high of $8.25. The stock has a market capitalization of $8.98 billion, a price-to-earnings ratio of -10.24 and a beta of 2.44.

Aurora Innovation (NASDAQ:AUR) last issued its quarterly earnings data on Wednesday, February 11th. The company reported ($0.12) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.12). The company had revenue of $1.00 million for the quarter, compared to the consensus estimate of $1.47 million. Research analysts expect that Aurora Innovation will post -0.49 EPS for the current fiscal year.

About Aurora Innovation

Aurora Innovation, Inc is a technology company specializing in the development of self-driving vehicle systems for both passenger and commercial applications. Headquartered in Mountain View, California, Aurora has built an end-to-end platform—known as the Aurora Driver—that integrates proprietary software, machine learning algorithms and a suite of sensors (LiDAR, radar and cameras) to enable vehicles to operate safely and efficiently in diverse driving environments.

The company’s core business revolves around designing, testing and deploying its autonomy stack on vehicles from established automotive and transportation partners.