Brokerages Set Aurora Innovation, Inc. (NASDAQ:AUR) Price Target at $9.57

Shares of Aurora Innovation, Inc. (NASDAQ:AUR - Get Free Report) have earned an average rating of "Moderate Buy" from the nine research firms that are covering the firm, MarketBeat reports. Four research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $9.63.

AUR has been the topic of several analyst reports. Cantor Fitzgerald restated an "overweight" rating and set a $10.00 price target on shares of Aurora Innovation in a research report on Thursday, February 13th. Canaccord Genuity Group boosted their price objective on Aurora Innovation from $7.00 to $10.00 and gave the company a "buy" rating in a research report on Wednesday, January 8th. The Goldman Sachs Group raised shares of Aurora Innovation from a "sell" rating to a "neutral" rating and boosted their price target for the stock from $3.00 to $6.00 in a report on Thursday, April 10th. Evercore ISI lifted their target price on shares of Aurora Innovation from $5.00 to $6.00 and gave the company an "in-line" rating in a research report on Tuesday, February 18th. Finally, TD Cowen started coverage on shares of Aurora Innovation in a research report on Friday, March 7th. They set a "hold" rating and a $8.00 price target for the company.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Uber Technologies Inc purchased a new stake in Aurora Innovation in the fourth quarter valued at approximately $2,053,632,000. Vanguard Group Inc. raised its holdings in shares of Aurora Innovation by 2.4% in the 4th quarter. Vanguard Group Inc. now owns 113,020,406 shares of the company's stock valued at $712,029,000 after buying an additional 2,687,191 shares during the period. Toyota Motor Corp purchased a new position in Aurora Innovation during the 4th quarter valued at about $298,294,000. Price T Rowe Associates Inc. MD boosted its stake in shares of Aurora Innovation by 13.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 26,671,319 shares of the company's stock valued at $168,030,000 after purchasing an additional 3,237,609 shares during the period. Finally, Geode Capital Management LLC increased its stake in Aurora Innovation by 2.5% during the 4th quarter. Geode Capital Management LLC now owns 23,374,230 shares of the company's stock worth $147,292,000 after buying an additional 577,704 shares during the period. Institutional investors and hedge funds own 44.71% of the company's stock.

Aurora Innovation Stock Performance

AUR stock traded up $0.24 during midday trading on Monday, reaching $6.11. The stock had a trading volume of 14,703,266 shares, compared to its average volume of 11,540,815. The firm has a fifty day simple moving average of $7.03 and a two-hundred day simple moving average of $6.68. The stock has a market cap of $10.63 billion, a PE ratio of -13.00 and a beta of 2.77. Aurora Innovation has a 52-week low of $2.10 and a 52-week high of $10.77.

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

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.