The Goldman Sachs Group Upgrades Aurora Innovation (NASDAQ:AUR) to "Neutral"

The Goldman Sachs Group upgraded shares of Aurora Innovation (NASDAQ:AUR - Free Report) from a sell rating to a neutral rating in a research note published on Thursday morning, MarketBeat Ratings reports. They currently have $6.00 target price on the stock, up from their previous target price of $3.00.

AUR has been the subject of several other research reports. Cantor Fitzgerald reissued an "overweight" rating and set a $10.00 price target on shares of Aurora Innovation in a report on Thursday, February 13th. Morgan Stanley initiated coverage on Aurora Innovation in a report on Monday, March 3rd. They set an "overweight" rating and a $12.00 price objective on the stock. TD Cowen started 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. Oppenheimer began coverage on Aurora Innovation in a report on Thursday, March 27th. They set an "outperform" rating and a $15.00 price objective for the company. Finally, Evercore ISI lifted their price target 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. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $9.63.

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Aurora Innovation Price Performance

NASDAQ:AUR traded up $0.04 during mid-day trading on Thursday, reaching $6.07. 5,236,358 shares of the company's stock traded hands, compared to its average volume of 15,059,137. Aurora Innovation has a 12-month low of $2.10 and a 12-month high of $10.77. The company has a 50 day moving average price of $7.13 and a 200-day moving average price of $6.68. The firm has a market capitalization of $10.56 billion, a price-to-earnings ratio of -12.91 and a beta of 2.77.

Aurora Innovation (NASDAQ:AUR - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The company reported ($0.11) earnings per share (EPS) for the quarter. As a group, analysts forecast that Aurora Innovation will post -0.49 EPS for the current year.

Hedge Funds Weigh In On Aurora Innovation

A number of institutional investors have recently modified their holdings of AUR. Handelsbanken Fonder AB increased its position in shares of Aurora Innovation by 8.3% in the first quarter. Handelsbanken Fonder AB now owns 259,600 shares of the company's stock valued at $1,746,000 after buying an additional 20,000 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Aurora Innovation by 147.3% in the first quarter. GAMMA Investing LLC now owns 5,922 shares of the company's stock valued at $40,000 after purchasing an additional 3,527 shares during the last quarter. Permanent Capital Management LP increased its position in Aurora Innovation by 320.1% during the first quarter. Permanent Capital Management LP now owns 2,521,340 shares of the company's stock worth $16,956,000 after purchasing an additional 1,921,140 shares during the last quarter. Breakwater Capital Group boosted its holdings in Aurora Innovation by 20.3% in the 1st quarter. Breakwater Capital Group now owns 77,582 shares of the company's stock valued at $522,000 after purchasing an additional 13,075 shares during the last quarter. Finally, Retirement Planning Group LLC purchased a new stake in shares of Aurora Innovation during the 1st quarter valued at approximately $70,000. Hedge funds and other institutional investors own 44.71% of the company's stock.

Aurora Innovation Company Profile

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.