Research analysts at TD Cowen started coverage on shares of Aurora Innovation (NASDAQ:AUR - Get Free Report) in a report released on Friday, MarketBeat.com reports. The firm set a "hold" rating and a $8.00 price target on the stock. TD Cowen's price objective indicates a potential upside of 12.68% from the company's current price.
AUR has been the subject of a number of other reports. Cantor Fitzgerald restated an "overweight" rating and set a $10.00 target price on shares of Aurora Innovation in a report on Thursday, February 13th. Canaccord Genuity Group lifted 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. Morgan Stanley initiated coverage on Aurora Innovation in a research note on Monday, March 3rd. They issued an "overweight" rating and a $12.00 price objective for the company. Wolfe Research initiated coverage on Aurora Innovation in a research note on Tuesday, November 26th. They issued a "peer perform" rating for the company. Finally, Evercore ISI lifted their price objective 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. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $8.08.
Check Out Our Latest Research Report on AUR
Aurora Innovation Trading Up 2.0 %
Aurora Innovation stock traded up $0.14 during midday trading on Friday, reaching $7.10. 15,533,181 shares of the stock traded hands, compared to its average volume of 16,149,158. The company has a 50-day simple moving average of $7.24 and a two-hundred day simple moving average of $6.30. Aurora Innovation has a 12-month low of $2.10 and a 12-month high of $10.77. The firm has a market cap of $12.36 billion, a PE ratio of -15.11 and a beta of 2.82.
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. Equities research analysts anticipate that Aurora Innovation will post -0.49 earnings per share for the current year.
Institutional Investors Weigh In On Aurora Innovation
Hedge funds and other institutional investors have recently made changes to their positions in the business. Castle Rock Wealth Management LLC acquired a new position in shares of Aurora Innovation in the fourth quarter valued at approximately $721,000. Mackenzie Financial Corp increased its holdings in shares of Aurora Innovation by 314.2% in the fourth quarter. Mackenzie Financial Corp now owns 44,104 shares of the company's stock valued at $278,000 after purchasing an additional 33,456 shares during the period. GTS Securities LLC increased its holdings in shares of Aurora Innovation by 46.9% in the fourth quarter. GTS Securities LLC now owns 20,071 shares of the company's stock valued at $126,000 after purchasing an additional 6,407 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Aurora Innovation by 41.7% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,918,807 shares of the company's stock valued at $12,088,000 after buying an additional 564,227 shares in the last quarter. Finally, Voloridge Investment Management LLC purchased a new stake in shares of Aurora Innovation in the fourth quarter valued at approximately $6,958,000. Institutional investors and hedge funds own 44.71% of the company's stock.
About Aurora Innovation
(
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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