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

Aurora Innovation, Inc. (NASDAQ:AUR - Get Free Report) has been assigned a consensus rating of "Hold" from the seven analysts that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $8.08.

A number of analysts have recently commented on the stock. Morgan Stanley started coverage on shares of Aurora Innovation in a research note on Monday, March 3rd. They set an "overweight" rating and a $12.00 target price for the company. Evercore ISI boosted their price objective 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. TD Cowen began coverage on Aurora Innovation in a research report on Friday, March 7th. They issued a "hold" rating and a $8.00 target price on the stock. Cantor Fitzgerald reiterated an "overweight" rating and set a $10.00 price target on shares of Aurora Innovation in a research report on Thursday, February 13th. Finally, Canaccord Genuity Group increased their price objective on Aurora Innovation from $7.00 to $10.00 and gave the company a "buy" rating in a research note on Wednesday, January 8th.

Aurora Innovation Stock Up 1.3 %

Shares of AUR stock traded up $0.09 during mid-day trading on Thursday, hitting $7.23. 14,840,150 shares of the stock were exchanged, compared to its average volume of 11,053,136. Aurora Innovation has a 52-week low of $2.10 and a 52-week high of $10.77. The company has a market cap of $12.58 billion, a PE ratio of -15.38 and a beta of 2.82. The firm has a fifty day moving average of $7.20 and a 200 day moving average of $6.48.

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

Institutional Trading of Aurora Innovation

Large investors have recently added to or reduced their stakes in the stock. Victory Capital Management Inc. grew its stake in shares of Aurora Innovation by 9.9% in the 3rd quarter. Victory Capital Management Inc. now owns 112,291 shares of the company's stock valued at $665,000 after buying an additional 10,092 shares during the period. KBC Group NV raised its position in Aurora Innovation by 41.1% in the third quarter. KBC Group NV now owns 26,092 shares of the company's stock valued at $154,000 after purchasing an additional 7,595 shares during the period. Swiss National Bank lifted its stake in shares of Aurora Innovation by 7.9% in the 3rd quarter. Swiss National Bank now owns 1,504,400 shares of the company's stock valued at $8,906,000 after purchasing an additional 109,500 shares during the last quarter. Intech Investment Management LLC acquired a new stake in shares of Aurora Innovation during the 3rd quarter worth about $1,071,000. Finally, Charles Schwab Investment Management Inc. raised its holdings in 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 valued at $49,875,000 after buying an additional 1,776,513 shares during the period. 44.71% of the stock is currently owned by hedge funds and other institutional investors.

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.