Raymond James Financial Inc. Takes $702,000 Position in Aurora Innovation, Inc. (NASDAQ:AUR)

Raymond James Financial Inc. purchased a new position in shares of Aurora Innovation, Inc. (NASDAQ:AUR - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 111,471 shares of the company's stock, valued at approximately $702,000.

A number of other hedge funds have also bought and sold shares of AUR. GPS Wealth Strategies Group LLC lifted its position in shares of Aurora Innovation by 241.7% in the 4th quarter. GPS Wealth Strategies Group LLC now owns 7,005 shares of the company's stock worth $44,000 after buying an additional 4,955 shares during the last quarter. Grimes & Company Inc. bought a new position in Aurora Innovation in the fourth quarter worth about $63,000. Yousif Capital Management LLC acquired a new position in Aurora Innovation in the fourth quarter valued at approximately $65,000. Winebrenner Capital Management LLC bought a new position in shares of Aurora Innovation during the fourth quarter valued at approximately $70,000. Finally, Franklin Resources Inc. acquired a new stake in shares of Aurora Innovation during the 3rd quarter worth approximately $72,000. 44.71% of the stock is currently owned by institutional investors and hedge funds.

Aurora Innovation Stock Performance

Shares of NASDAQ:AUR traded down $0.16 during trading on Thursday, reaching $6.39. The company had a trading volume of 12,461,436 shares, compared to its average volume of 11,422,300. Aurora Innovation, Inc. has a twelve month low of $2.10 and a twelve month high of $10.77. The firm has a market capitalization of $11.12 billion, a PE ratio of -13.60 and a beta of 2.77. The firm's fifty day moving average is $7.16 and its 200 day moving average is $6.68.

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

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on AUR shares. The Goldman Sachs Group upgraded Aurora Innovation from a "sell" rating to a "neutral" rating and boosted their price objective for the company from $3.00 to $6.00 in a research report on Thursday. Canaccord Genuity Group upped their price target on shares of Aurora Innovation from $7.00 to $10.00 and gave the stock a "buy" rating in a research report on Wednesday, January 8th. Cantor Fitzgerald reissued an "overweight" rating and set a $10.00 target price on shares of Aurora Innovation in a research note on Thursday, February 13th. Oppenheimer began 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. Finally, TD Cowen initiated coverage on Aurora Innovation in a research report on Friday, March 7th. They set a "hold" rating and a $8.00 price objective for the company. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $9.57.

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.