Aurora Innovation, Inc. (NASDAQ:AUR - Get Free Report) shares gapped up before the market opened on Monday . The stock had previously closed at $7.27, but opened at $7.79. Aurora Innovation shares last traded at $7.44, with a volume of 3,052,283 shares traded.
Analyst Upgrades and Downgrades
Several analysts have recently issued reports on AUR shares. 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. Morgan Stanley assumed coverage on Aurora Innovation in a research note on Monday, March 3rd. They issued an "overweight" rating and a $12.00 price objective on the stock. Wolfe Research assumed coverage on Aurora Innovation in a research note on Tuesday, November 26th. They issued a "peer perform" rating on the stock. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $10.00 price objective on shares of Aurora Innovation in a research note on Thursday, February 13th. Finally, Evercore ISI raised 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 assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $8.08.
Read Our Latest Stock Analysis on AUR
Aurora Innovation Stock Up 2.0 %
The stock has a 50 day moving average price of $7.24 and a 200 day moving average price of $6.28. The stock has a market capitalization of $12.36 billion, a price-to-earnings ratio of -15.11 and a beta of 2.82.
Aurora Innovation (NASDAQ:AUR - Get Free Report) last announced its quarterly earnings results on Wednesday, February 12th. The company reported ($0.11) EPS for the quarter. Sell-side analysts forecast that Aurora Innovation, Inc. will post -0.49 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Aurora Innovation
Hedge funds have recently made changes to their positions in the stock. JPMorgan Chase & Co. raised its position in shares of Aurora Innovation by 40.1% during the third quarter. JPMorgan Chase & Co. now owns 1,380,479 shares of the company's stock worth $8,172,000 after acquiring an additional 394,933 shares during the last quarter. Citigroup Inc. raised its position 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 acquiring an additional 491,125 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position 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 acquiring an additional 1,776,513 shares during the last quarter. ARK Investment Management LLC raised its position 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 acquiring an additional 312,144 shares during the last quarter. Finally, State Street Corp raised its position in shares of Aurora Innovation by 15.2% during the third quarter. State Street Corp now owns 22,183,252 shares of the company's stock worth $131,325,000 after acquiring an additional 2,920,653 shares during the last quarter. 44.71% of the stock is currently owned by institutional investors.
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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