Aurora Innovation (NASDAQ:AUR) Stock Price Expected to Rise, The Goldman Sachs Group Analyst Says

Aurora Innovation (NASDAQ:AUR - Get Free Report) had its price objective raised by research analysts at The Goldman Sachs Group from $2.00 to $2.50 in a research report issued on Monday, Benzinga reports. The brokerage presently has a "sell" rating on the stock. The Goldman Sachs Group's price objective indicates a potential downside of 54.95% from the company's current price.

Other research analysts have also recently issued reports about the stock. Canaccord Genuity Group reaffirmed a "buy" rating and set a $7.00 target price on shares of Aurora Innovation in a report on Monday, September 30th. TD Cowen lifted their price objective on shares of Aurora Innovation from $3.00 to $4.00 and gave the company a "hold" rating in a research note on Thursday. Finally, Evercore ISI lifted their price objective on shares of Aurora Innovation from $3.00 to $5.00 and gave the company an "in-line" rating in a research note on Monday, October 14th.

Aurora Innovation Trading Down 4.5 %

AUR stock traded down $0.26 during mid-day trading on Monday, hitting $5.55. 18,578,518 shares of the company were exchanged, compared to its average volume of 8,670,181. The business has a 50 day simple moving average of $5.36 and a 200-day simple moving average of $3.92. The stock has a market capitalization of $8.71 billion, a PE ratio of -10.98 and a beta of 2.82. Aurora Innovation has a 1-year low of $1.73 and a 1-year high of $7.01.

Hedge Funds Weigh In On Aurora Innovation

A number of hedge funds have recently modified their holdings of AUR. Amalgamated Bank lifted its holdings in Aurora Innovation by 10.0% in the third quarter. Amalgamated Bank now owns 32,006 shares of the company's stock valued at $189,000 after buying an additional 2,913 shares during the period. ASB Consultores LLC lifted its holdings in Aurora Innovation by 24.0% in the third quarter. ASB Consultores LLC now owns 15,955 shares of the company's stock valued at $94,000 after buying an additional 3,088 shares during the period. Nisa Investment Advisors LLC increased its stake in Aurora Innovation by 32.0% in the second quarter. Nisa Investment Advisors LLC now owns 19,412 shares of the company's stock valued at $54,000 after purchasing an additional 4,702 shares in the last quarter. Empowered Funds LLC increased its stake in Aurora Innovation by 44.1% in the first quarter. Empowered Funds LLC now owns 17,597 shares of the company's stock valued at $50,000 after purchasing an additional 5,386 shares in the last quarter. Finally, Victory Capital Management Inc. increased its stake in Aurora Innovation by 8.1% in the second quarter. Victory Capital Management Inc. now owns 102,199 shares of the company's stock valued at $283,000 after purchasing an additional 7,624 shares in the last quarter. Institutional investors and hedge funds 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.