Brokerages Set Aurora Innovation, Inc. (NASDAQ:AUR) Price Target at $6.50

Aurora Innovation, Inc. (NASDAQ:AUR - Get Free Report) has been given an average rating of "Hold" by the six ratings firms that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation and two have given a buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $6.50.

Several brokerages recently commented on AUR. Wolfe Research began coverage on Aurora Innovation in a report on Tuesday, November 26th. They issued a "peer perform" rating for the company. The Goldman Sachs Group boosted their price target on Aurora Innovation from $2.00 to $2.50 and gave the company a "sell" rating in a report on Monday, November 4th. Cantor Fitzgerald reissued an "overweight" rating and set a $10.00 price target on shares of Aurora Innovation in a report on Thursday, February 13th. Evercore ISI boosted their price target on Aurora Innovation from $5.00 to $6.00 and gave the company an "in-line" rating in a report on Tuesday, February 18th. Finally, Canaccord Genuity Group boosted their price target on Aurora Innovation from $7.00 to $10.00 and gave the company a "buy" rating in a report on Wednesday, January 8th.

Aurora Innovation Stock Up 3.9 %

Shares of Aurora Innovation stock traded up $0.27 on Friday, reaching $7.27. The company's stock had a trading volume of 19,446,024 shares, compared to its average volume of 16,471,885. Aurora Innovation has a 52 week low of $2.10 and a 52 week high of $10.77. The company has a market capitalization of $12.65 billion, a price-to-earnings ratio of -15.47 and a beta of 2.85. The firm's fifty day simple moving average is $7.24 and its two-hundred day simple moving average is $6.16.

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Aurora Innovation (NASDAQ:AUR - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The company reported ($0.11) EPS for the quarter. As a group, research analysts predict that Aurora Innovation will post -0.49 EPS for the current year.

Hedge Funds Weigh In On Aurora Innovation

Several large investors have recently made changes to their positions in AUR. Uber Technologies Inc purchased a new position in shares of Aurora Innovation in the fourth quarter valued at about $2,053,632,000. Toyota Motor Corp purchased a new stake in shares of Aurora Innovation in the fourth quarter worth about $298,294,000. Baillie Gifford & Co. lifted its position in shares of Aurora Innovation by 17.2% in the third quarter. Baillie Gifford & Co. now owns 84,904,647 shares of the company's stock worth $502,636,000 after buying an additional 12,466,085 shares in the last quarter. Lightspeed Management Company L.L.C. purchased a new stake in shares of Aurora Innovation in the fourth quarter worth about $74,003,000. Finally, FMR LLC lifted its position in shares of Aurora Innovation by 206.1% in the third quarter. FMR LLC now owns 13,848,530 shares of the company's stock worth $81,983,000 after buying an additional 9,325,013 shares in the last quarter. 44.71% of the stock is currently owned by hedge funds and other institutional investors.

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.