Aurora Innovation (NASDAQ:AUR) Earns Buy Rating from Analysts at Needham & Company LLC

Needham & Company LLC initiated coverage on shares of Aurora Innovation (NASDAQ:AUR - Free Report) in a research report sent to investors on Tuesday, MarketBeat Ratings reports. The firm issued a buy rating and a $10.00 price objective on the stock.

Other research analysts have also issued research reports about the stock. Oppenheimer started coverage on shares of Aurora Innovation in a research note on Thursday, March 27th. They issued an "outperform" rating and a $15.00 price target on the stock. Evercore ISI raised their price objective on Aurora Innovation from $5.00 to $6.00 and gave the company an "in-line" rating in a research note on Tuesday, February 18th. TD Cowen began coverage on shares of Aurora Innovation in a report on Friday, March 7th. They issued a "hold" rating and a $8.00 target price for the company. Cantor Fitzgerald reiterated an "overweight" rating and set a $10.00 price objective on shares of Aurora Innovation in a research report on Thursday, February 13th. Finally, Morgan Stanley initiated coverage on shares of Aurora Innovation in a report on Monday, March 3rd. They set an "overweight" rating and a $12.00 price target for the company. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $9.63.

Aurora Innovation Stock Performance

Aurora Innovation stock traded up $0.24 on Tuesday, reaching $6.11. The company's stock had a trading volume of 14,703,266 shares, compared to its average volume of 11,540,815. The company has a market cap of $10.63 billion, a price-to-earnings ratio of -13.00 and a beta of 2.77. The business's fifty day moving average price is $7.05 and its 200 day moving average price is $6.68. Aurora Innovation has a twelve month low of $2.10 and a twelve month high of $10.77.

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

Institutional Trading of Aurora Innovation

A number of institutional investors have recently bought and sold shares of the company. Twin Tree Management LP grew its stake in Aurora Innovation by 217.2% during the fourth 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. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Aurora Innovation in the 1st quarter worth $32,000. GAMMA Investing LLC grew its position in Aurora Innovation by 147.3% in the 1st 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 period. GPS Wealth Strategies Group LLC increased its stake in Aurora Innovation by 241.7% during the 4th quarter. GPS Wealth Strategies Group LLC now owns 7,005 shares of the company's stock valued at $44,000 after purchasing an additional 4,955 shares in the last quarter. Finally, Grimes & Company Inc. acquired a new position in Aurora Innovation during the fourth quarter worth $63,000. Institutional investors 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.