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

Shares of Aurora Innovation, Inc. (NASDAQ:AUR) have received a consensus recommendation of “Hold” from the seven analysts that are covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $8.08.

Several research firms recently commented on AUR. TD Cowen assumed 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. Canaccord Genuity Group upped their price target on Aurora Innovation from $7.00 to $10.00 and gave the stock a “buy” rating in a research report on Wednesday, January 8th. Wolfe Research began coverage on Aurora Innovation in a research report on Tuesday, November 26th. They issued a “peer perform” rating for the company. Evercore ISI boosted their target price 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, Cantor Fitzgerald reiterated an “overweight” rating and issued a $10.00 price target on shares of Aurora Innovation in a research note on Thursday, February 13th.

Aurora Innovation Stock Up 5.7 %

Shares of NASDAQ:AUR opened at $7.64 on Thursday. The company has a market capitalization of $13.30 billion, a price-to-earnings ratio of -16.26 and a beta of 2.82. The firm has a 50 day moving average of $7.23 and a 200 day moving average of $6.52. Aurora Innovation has a 52 week low of $2.10 and a 52 week high of $10.77.

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

Institutional Trading of 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% in the fourth 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 during the last quarter. GPS Wealth Strategies Group LLC increased its holdings in Aurora Innovation by 241.7% in the 4th quarter. GPS Wealth Strategies Group LLC now owns 7,005 shares of the company’s stock worth $44,000 after buying an additional 4,955 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in Aurora Innovation during the 3rd quarter valued at approximately $60,000. Reynders McVeigh Capital Management LLC purchased a new stake in shares of Aurora Innovation in the 3rd quarter valued at $63,000. Finally, Grimes & Company Inc. purchased a new stake in shares of Aurora Innovation in the 4th quarter valued at $63,000. Institutional investors and hedge funds 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.