Aurora Innovation, Inc. (NASDAQ:AUR) Given Average Recommendation of "Moderate Buy" by Analysts

Shares of Aurora Innovation, Inc. (NASDAQ:AUR - Get Free Report) have been assigned an average rating of "Moderate Buy" from the nine analysts that are covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $9.63.

A number of analysts recently commented on AUR shares. Needham & Company LLC started coverage on Aurora Innovation in a research note on Tuesday. They issued a "buy" rating and a $10.00 price target for the company. Oppenheimer initiated coverage on shares of Aurora Innovation in a report on Thursday, March 27th. They issued an "outperform" rating and a $15.00 target price on the stock. Evercore ISI lifted their target price on Aurora Innovation from $5.00 to $6.00 and gave the stock an "in-line" rating in a research report on Tuesday, February 18th. TD Cowen assumed coverage on shares of Aurora Innovation in a research note on Friday, March 7th. They set a "hold" rating and a $8.00 price objective for the company. Finally, Cantor Fitzgerald reaffirmed an "overweight" rating and set a $10.00 target price on shares of Aurora Innovation in a report on Thursday, February 13th.

Aurora Innovation Trading Up 4.1 %

Shares of NASDAQ AUR traded up $0.24 during mid-day trading on Monday, hitting $6.11. The company had a trading volume of 14,703,266 shares, compared to its average volume of 11,540,815. The stock's 50-day moving average price is $7.05 and its 200-day moving average price is $6.68. Aurora Innovation has a 1 year low of $2.10 and a 1 year high of $10.77. The company has a market capitalization of $10.63 billion, a price-to-earnings ratio of -13.00 and a beta of 2.77.

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

Institutional Investors Weigh In On Aurora Innovation

Several hedge funds have recently made changes to their positions in the business. Cornerstone Wealth Management LLC increased its holdings in Aurora Innovation by 153.3% during the 1st quarter. Cornerstone Wealth Management LLC now owns 185,457 shares of the company's stock valued at $1,247,000 after acquiring an additional 112,237 shares in the last quarter. Sowell Financial Services LLC bought a new stake in shares of Aurora Innovation in the 1st quarter worth about $162,000. Janney Montgomery Scott LLC lifted its position in shares of Aurora Innovation by 90.4% in the 1st quarter. Janney Montgomery Scott LLC now owns 28,810 shares of the company's stock worth $194,000 after buying an additional 13,675 shares during the last quarter. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Aurora Innovation in the 1st quarter worth about $106,000. Finally, Polianta Ltd acquired a new position in Aurora Innovation during the 1st quarter valued at about $1,117,000. Institutional investors and hedge funds own 44.71% of the company's stock.

About Aurora Innovation

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.