IQ EQ FUND MANAGEMENT IRELAND Ltd Takes Position in Aurora Innovation, Inc. (NASDAQ:AUR)

IQ EQ FUND MANAGEMENT IRELAND Ltd purchased a new position in shares of Aurora Innovation, Inc. (NASDAQ:AUR - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 62,948 shares of the company's stock, valued at approximately $397,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Twin Tree Management LP increased its position in Aurora Innovation by 217.2% during the 4th quarter. Twin Tree Management LP now owns 4,450 shares of the company's stock worth $28,000 after purchasing an additional 3,047 shares during the period. GPS Wealth Strategies Group LLC grew its holdings in Aurora Innovation by 241.7% during the fourth quarter. GPS Wealth Strategies Group LLC now owns 7,005 shares of the company's stock worth $44,000 after acquiring an additional 4,955 shares during the period. Dynamic Technology Lab Private Ltd purchased a new position in Aurora Innovation in the third quarter worth $60,000. Reynders McVeigh Capital Management LLC acquired a new stake in Aurora Innovation in the third quarter valued at $63,000. Finally, Grimes & Company Inc. purchased a new stake in shares of Aurora Innovation during the 4th quarter worth $63,000. Institutional investors and hedge funds own 44.71% of the company's stock.

Aurora Innovation Price Performance

Aurora Innovation stock traded up $0.41 during mid-day trading on Wednesday, hitting $7.14. 6,215,093 shares of the company were exchanged, compared to its average volume of 11,232,241. The business's 50 day simple moving average is $7.27 and its two-hundred day simple moving average is $6.63. Aurora Innovation, Inc. has a 12-month low of $2.10 and a 12-month high of $10.77. The company has a market capitalization of $12.42 billion, a P/E ratio of -15.24 and a beta of 2.82.

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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 for the quarter. Equities research analysts predict that Aurora Innovation, Inc. will post -0.49 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on AUR. TD Cowen assumed coverage on shares of Aurora Innovation in a report on Friday, March 7th. They issued a "hold" rating and a $8.00 price target for the company. Canaccord Genuity Group increased their target price on shares of Aurora Innovation from $7.00 to $10.00 and gave the company a "buy" rating in a report on Wednesday, January 8th. Cantor Fitzgerald reissued an "overweight" rating and set a $10.00 price target on shares of Aurora Innovation in a research note on Thursday, February 13th. Morgan Stanley began coverage on Aurora Innovation in a research note on Monday, March 3rd. They issued an "overweight" rating and a $12.00 price objective for the company. Finally, Oppenheimer started coverage on Aurora Innovation in a report on Thursday, March 27th. They issued an "outperform" rating and a $15.00 target price on the stock. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $9.07.

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.