Aurora Innovation (NASDAQ:AUR - Free Report) had its price objective boosted by Evercore ISI from $5.00 to $6.00 in a research note published on Tuesday,Benzinga reports. They currently have an in-line rating on the stock.
Other analysts have also recently issued reports about the company. Wolfe Research assumed coverage on Aurora Innovation in a research report on Tuesday, November 26th. They issued a "peer perform" rating on the stock. Cantor Fitzgerald reiterated an "overweight" rating and issued a $10.00 price target on shares of Aurora Innovation in a research report on Thursday, February 13th. The Goldman Sachs Group upped their price target on Aurora Innovation from $2.00 to $2.50 and gave the company a "sell" rating in a research report on Monday, November 4th. Canaccord Genuity Group increased their target price on Aurora Innovation from $7.00 to $10.00 and gave the stock a "buy" rating in a report on Wednesday, January 8th. Finally, TD Cowen increased their target price on Aurora Innovation from $3.00 to $4.00 and gave the stock a "hold" rating in a report on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, Aurora Innovation currently has a consensus rating of "Hold" and an average price target of $6.50.
Read Our Latest Analysis on AUR
Aurora Innovation Price Performance
Shares of AUR traded down $0.89 on Tuesday, reaching $7.43. 12,257,332 shares of the stock traded hands, compared to its average volume of 14,196,258. The firm has a market cap of $12.92 billion, a price-to-earnings ratio of -15.80 and a beta of 2.85. Aurora Innovation has a 12 month low of $2.10 and a 12 month high of $10.77. The stock's 50-day moving average price is $7.29 and its 200-day moving average price is $6.04.
Aurora Innovation (NASDAQ:AUR - Get Free Report) last announced its quarterly earnings results on Wednesday, February 12th. The company reported ($0.11) earnings per share for the quarter. As a group, equities research analysts forecast that Aurora Innovation will post -0.49 earnings per share for the current fiscal year.
Insider Activity
In other news, Director Gloria R. Boyland sold 30,000 shares of the company's stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $6.30, for a total transaction of $189,000.00. Following the transaction, the director now owns 344,647 shares of the company's stock, valued at $2,171,276.10. This represents a 8.01 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 13.83% of the stock is currently owned by insiders.
Hedge Funds Weigh In On Aurora Innovation
Large investors have recently made changes to their positions in the company. Uber Technologies Inc bought a new position in Aurora Innovation during the fourth quarter worth about $2,053,632,000. Vanguard Group Inc. boosted its holdings in Aurora Innovation by 2.4% during the fourth quarter. Vanguard Group Inc. now owns 113,020,406 shares of the company's stock worth $712,029,000 after buying an additional 2,687,191 shares during the last quarter. Baillie Gifford & Co. boosted its holdings in Aurora Innovation by 17.2% during the third quarter. Baillie Gifford & Co. now owns 84,904,647 shares of the company's stock worth $502,636,000 after buying an additional 12,466,085 shares during the last quarter. Toyota Motor Corp bought a new position in Aurora Innovation during the fourth quarter worth about $298,294,000. Finally, Price T Rowe Associates Inc. MD boosted its holdings in Aurora Innovation by 13.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 26,671,319 shares of the company's stock worth $168,030,000 after buying an additional 3,237,609 shares during the last quarter. Institutional investors and hedge funds own 44.71% of the company's stock.
About Aurora Innovation
(
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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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