Aurora Innovation, Inc. (NASDAQ:AUR) Receives Average Recommendation of "Hold" from Brokerages

Shares of Aurora Innovation, Inc. (NASDAQ:AUR - Get Free Report) have received an average rating of "Hold" from the seven research firms that are covering the firm, Marketbeat reports. One equities research 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 target price among analysts that have issued a report on the stock in the last year is $8.08.

A number of brokerages recently issued reports on AUR. Evercore ISI upped their price target on shares of Aurora Innovation from $5.00 to $6.00 and gave the stock an "in-line" rating in a research note on Tuesday, February 18th. Canaccord Genuity Group upped their target price 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. Cantor Fitzgerald reissued an "overweight" rating and set a $10.00 price target on shares of Aurora Innovation in a research report on Thursday, February 13th. Morgan Stanley initiated coverage on Aurora Innovation in a research report on Monday, March 3rd. They issued an "overweight" rating and a $12.00 price objective on the stock. Finally, TD Cowen assumed coverage on Aurora Innovation in a report on Friday, March 7th. They issued a "hold" rating and a $8.00 target price for the company.

Hedge Funds Weigh In On Aurora Innovation

Several hedge funds and other institutional investors have recently modified their holdings of AUR. JPMorgan Chase & Co. increased its position in Aurora Innovation by 40.1% during the third quarter. JPMorgan Chase & Co. now owns 1,380,479 shares of the company's stock valued at $8,172,000 after acquiring an additional 394,933 shares during the last quarter. Citigroup Inc. increased its position in shares of Aurora Innovation by 229.4% during the 3rd quarter. Citigroup Inc. now owns 705,181 shares of the company's stock valued at $4,175,000 after purchasing an additional 491,125 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Aurora Innovation by 26.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 8,424,827 shares of the company's stock worth $49,875,000 after purchasing an additional 1,776,513 shares during the period. Swiss National Bank boosted its holdings in shares of Aurora Innovation by 22.3% in the fourth quarter. Swiss National Bank now owns 1,839,400 shares of the company's stock worth $11,588,000 after buying an additional 335,000 shares during the last quarter. Finally, ARK Investment Management LLC grew its position in Aurora Innovation by 14.9% during the fourth quarter. ARK Investment Management LLC now owns 2,412,353 shares of the company's stock valued at $15,198,000 after buying an additional 312,144 shares during the period. 44.71% of the stock is owned by institutional investors.

Remove Ads

Aurora Innovation Stock Up 2.5 %

Shares of NASDAQ AUR traded up $0.19 on Thursday, reaching $7.83. 15,178,406 shares of the company's stock traded hands, compared to its average volume of 11,076,072. The business's 50 day simple moving average is $7.26 and its two-hundred day simple moving average is $6.55. Aurora Innovation has a 12 month low of $2.10 and a 12 month high of $10.77. The company has a market cap of $13.63 billion, a price-to-earnings ratio of -16.66 and a beta of 2.82.

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

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.