Morgan Stanley assumed coverage on shares of Aurora Innovation (NASDAQ:AUR - Free Report) in a report released on Monday, MarketBeat Ratings reports. The brokerage issued an overweight rating and a $12.00 price target on the stock.
Other research analysts have also issued reports about the company. Evercore ISI lifted their price objective on Aurora Innovation from $5.00 to $6.00 and gave the stock an "in-line" rating in a research report on Tuesday, February 18th. Canaccord Genuity Group lifted their price objective on shares of Aurora Innovation from $7.00 to $10.00 and gave the stock a "buy" rating in a report on Wednesday, January 8th. The Goldman Sachs Group upped their price target on shares of Aurora Innovation from $2.00 to $2.50 and gave the company a "sell" rating in a report on Monday, November 4th. Wolfe Research began coverage on Aurora Innovation in a research note on Tuesday, November 26th. They issued a "peer perform" rating for the company. Finally, Cantor Fitzgerald reissued an "overweight" rating and set a $10.00 target price on shares of Aurora Innovation in a research note on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, Aurora Innovation presently has an average rating of "Hold" and an average target price of $7.42.
View Our Latest Stock Report on Aurora Innovation
Aurora Innovation Stock Performance
AUR traded down $0.28 during trading on Monday, reaching $6.96. 14,280,452 shares of the stock were exchanged, compared to its average volume of 16,162,703. The stock has a market cap of $12.11 billion, a P/E ratio of -14.81 and a beta of 2.85. The stock's 50 day moving average price is $7.25 and its two-hundred day moving average price is $6.26. Aurora Innovation has a twelve month low of $2.10 and a twelve month high of $10.77.
Aurora Innovation (NASDAQ:AUR - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The company reported ($0.11) EPS for the quarter. Equities research analysts predict that Aurora Innovation will post -0.49 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Aurora Innovation
A number of large investors have recently made changes to their positions in AUR. JPMorgan Chase & Co. grew its stake in shares of Aurora Innovation by 40.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,380,479 shares of the company's stock worth $8,172,000 after purchasing an additional 394,933 shares during the period. Citigroup Inc. increased its stake in shares of Aurora Innovation by 229.4% during the third quarter. Citigroup Inc. now owns 705,181 shares of the company's stock worth $4,175,000 after buying an additional 491,125 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of Aurora Innovation by 26.7% during the third 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 last quarter. ARK Investment Management LLC grew its holdings in shares of Aurora Innovation by 14.9% during the fourth quarter. ARK Investment Management LLC now owns 2,412,353 shares of the company's stock worth $15,198,000 after buying an additional 312,144 shares during the last quarter. Finally, State Street Corp lifted its holdings in shares of Aurora Innovation by 15.2% in the 3rd quarter. State Street Corp now owns 22,183,252 shares of the company's stock valued at $131,325,000 after buying an additional 2,920,653 shares during the period. 44.71% of the stock is owned by institutional investors and hedge funds.
Aurora Innovation Company Profile
(
Get Free Report)
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.
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