Aurora Innovation (NASDAQ:AUR) Now Covered by Morgan Stanley

Morgan Stanley initiated coverage on shares of Aurora Innovation (NASDAQ:AUR - Free Report) in a report issued on Monday, MarketBeat reports. The firm issued an overweight rating and a $12.00 price target on the stock.

Several other research firms also recently commented on AUR. Canaccord Genuity Group raised their price objective on Aurora Innovation from $7.00 to $10.00 and gave the stock a "buy" rating in a research note on Wednesday, January 8th. The Goldman Sachs Group upped their target price on shares of Aurora Innovation from $2.00 to $2.50 and gave the company a "sell" rating in a research report on Monday, November 4th. Wolfe Research assumed coverage on shares of Aurora Innovation in a research note on Tuesday, November 26th. They set a "peer perform" rating for the company. Evercore ISI upped their target price on Aurora Innovation from $5.00 to $6.00 and gave the company an "in-line" rating in a research note on Tuesday, February 18th. Finally, Cantor Fitzgerald restated an "overweight" rating and set a $10.00 price objective on shares of Aurora Innovation in a report on Thursday, February 13th. One investment 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. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $8.08.

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Aurora Innovation Stock Performance

Aurora Innovation stock traded up $0.02 during midday trading on Monday, hitting $6.98. 6,809,891 shares of the company's stock were exchanged, compared to its average volume of 15,929,117. The company has a market cap of $12.15 billion, a P/E ratio of -14.86 and a beta of 2.82. The stock has a 50-day moving average price of $7.24 and a two-hundred day moving average price of $6.26. 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 announced its earnings results on Wednesday, February 12th. The company reported ($0.11) EPS for the quarter. As a group, sell-side analysts expect that Aurora Innovation will post -0.49 earnings per share for the current year.

Institutional Trading of Aurora Innovation

A number of institutional investors have recently added to or reduced their stakes in AUR. Twin Tree Management LP boosted its holdings in Aurora Innovation by 217.2% in the fourth quarter. Twin Tree Management LP now owns 4,450 shares of the company's stock worth $28,000 after purchasing an additional 3,047 shares during the period. GPS Wealth Strategies Group LLC boosted its stake in Aurora Innovation by 241.7% during the 4th quarter. GPS Wealth Strategies Group LLC now owns 7,005 shares of the company's stock valued at $44,000 after purchasing an additional 4,955 shares in the last quarter. Souders Financial Advisors acquired a new position in Aurora Innovation during the third quarter worth about $59,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of Aurora Innovation in the 3rd quarter worth approximately $60,000. Finally, Sigma Planning Corp bought a new position in shares of Aurora Innovation in the third quarter valued at $63,000. 44.71% of the stock is 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.