Shares of Aurora Innovation, Inc. (NASDAQ:AUR - Get Free Report) gapped up prior to trading on Friday . The stock had previously closed at $6.26, but opened at $6.55. Aurora Innovation shares last traded at $6.82, with a volume of 2,929,992 shares traded.
Wall Street Analyst Weigh In
Several equities research analysts recently commented on the company. Wolfe Research started coverage on Aurora Innovation in a research report on Tuesday, November 26th. They set a "peer perform" rating on the stock. TD Cowen assumed coverage on Aurora Innovation in a report on Friday, March 7th. They set a "hold" rating and a $8.00 price target on the stock. Evercore ISI lifted their price objective on shares of Aurora Innovation from $5.00 to $6.00 and gave the company an "in-line" rating in a research note on Tuesday, February 18th. Morgan Stanley started coverage on shares of Aurora Innovation in a research report on Monday, March 3rd. They set an "overweight" rating and a $12.00 target price on the stock. Finally, Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $10.00 price target on shares of Aurora Innovation in a research note on Thursday, February 13th. One 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. According to data from MarketBeat, Aurora Innovation presently has an average rating of "Hold" and a consensus price target of $8.08.
Read Our Latest Stock Analysis on Aurora Innovation
Aurora Innovation Trading Up 11.3 %
The firm's 50-day moving average is $7.25 and its 200-day moving average is $6.38. The firm has a market cap of $12.13 billion, a price-to-earnings ratio of -14.83 and a beta of 2.82.
Aurora Innovation (NASDAQ:AUR - Get Free Report) last posted its earnings results on Wednesday, February 12th. The company reported ($0.11) EPS for the quarter. Analysts forecast that Aurora Innovation, Inc. will post -0.49 EPS for the current fiscal year.
Institutional Trading of Aurora Innovation
Several institutional investors and hedge funds have recently modified their holdings of AUR. JPMorgan Chase & Co. grew its holdings in 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 buying an additional 394,933 shares in the last quarter. Citigroup Inc. boosted its holdings in Aurora Innovation by 229.4% during the 3rd 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. grew its stake in shares of Aurora Innovation by 26.7% in the 3rd 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 in the last quarter. ARK Investment Management LLC raised its holdings in shares of Aurora Innovation by 14.9% in the fourth quarter. ARK Investment Management LLC now owns 2,412,353 shares of the company's stock valued at $15,198,000 after purchasing an additional 312,144 shares during the last quarter. Finally, State Street Corp lifted 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 valued at $131,325,000 after purchasing an additional 2,920,653 shares in the last quarter. 44.71% of the stock is owned by hedge funds and other institutional investors.
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.
Featured Stories
Before you consider Aurora Innovation, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Aurora Innovation wasn't on the list.
While Aurora Innovation currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Options trading isn’t just for the Wall Street elite; it’s an accessible strategy for anyone armed with the proper knowledge. Think of options as a strategic toolkit, with each tool designed for a specific financial task. Get this report to learn how options trading can help you use the market’s volatility to your advantage.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.