Aurora Innovation (NASDAQ:AUR) Coverage Initiated by Analysts at Oppenheimer

Oppenheimer assumed coverage on shares of Aurora Innovation (NASDAQ:AUR - Free Report) in a research report released on Thursday, MarketBeat reports. The firm issued an outperform rating and a $15.00 price objective on the stock.

A number of other research firms also recently issued reports on AUR. Canaccord Genuity Group lifted their target price on Aurora Innovation from $7.00 to $10.00 and gave the company a "buy" rating in a research report on Wednesday, January 8th. Evercore ISI boosted their price target 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. Cantor Fitzgerald restated an "overweight" rating and set a $10.00 target price on shares of Aurora Innovation in a report on Thursday, February 13th. Morgan Stanley started coverage on shares of Aurora Innovation in a research report on Monday, March 3rd. They set an "overweight" rating and a $12.00 price target on the stock. Finally, TD Cowen initiated 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 on the stock. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Aurora Innovation presently has an average rating of "Hold" and an average price target of $9.07.

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Aurora Innovation Stock Performance

NASDAQ AUR traded up $0.06 during trading on Thursday, hitting $6.75. The stock had a trading volume of 5,414,942 shares, compared to its average volume of 11,194,695. The company has a market capitalization of $11.74 billion, a PE ratio of -14.20 and a beta of 2.82. Aurora Innovation has a 12 month low of $2.10 and a 12 month high of $10.77. The company's 50-day moving average price is $7.28 and its two-hundred day moving average price is $6.61.

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

Hedge Funds Weigh In On Aurora Innovation

Several institutional investors and hedge funds have recently modified their holdings of the stock. Twin Tree Management LP boosted its holdings in shares of 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 buying an additional 3,047 shares during the period. GPS Wealth Strategies Group LLC boosted its holdings in shares of 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 acquired a new position in shares of Aurora Innovation in the third quarter valued at approximately $60,000. Reynders McVeigh Capital Management LLC acquired a new position in shares of Aurora Innovation in the third quarter valued at approximately $63,000. Finally, Grimes & Company Inc. acquired a new stake in Aurora Innovation during the 4th quarter worth approximately $63,000. 44.71% of the stock is currently owned by institutional investors and hedge funds.

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.