Tidal Investments LLC Invests $188,000 in Aurora Innovation, Inc. (NASDAQ:AUR)

Tidal Investments LLC bought a new position in shares of Aurora Innovation, Inc. (NASDAQ:AUR) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 29,834 shares of the company’s stock, valued at approximately $188,000.

Other hedge funds have also made changes to their positions in the company. Twin Tree Management LP raised its holdings 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 in the last quarter. GPS Wealth Strategies Group LLC raised 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 purchasing an additional 4,955 shares in the last quarter. Yousif Capital Management LLC purchased a new position in Aurora Innovation during the fourth quarter worth about $65,000. Avantax Advisory Services Inc. purchased a new position in Aurora Innovation during the fourth quarter worth about $65,000. Finally, Bank of Montreal Can purchased a new position in Aurora Innovation during the fourth quarter worth about $66,000. Institutional investors and hedge funds own 44.71% of the company’s stock.

Aurora Innovation Price Performance

Shares of AUR opened at $6.08 on Friday. The firm has a 50 day simple moving average of $6.60 and a 200-day simple moving average of $6.88. Aurora Innovation, Inc. has a 1-year low of $2.10 and a 1-year high of $10.77. The stock has a market cap of $10.75 billion, a price-to-earnings ratio of -12.94 and a beta of 2.76.

Aurora Innovation (NASDAQ:AUR) last issued its quarterly earnings data on Thursday, May 8th. The company reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.01). On average, equities analysts expect that Aurora Innovation, Inc. will post -0.49 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have commented on AUR. The Goldman Sachs Group boosted their target price on shares of Aurora Innovation from $6.00 to $7.00 and gave the stock a “neutral” rating in a research report on Monday, May 12th. Evercore ISI boosted their target price on shares of Aurora Innovation from $5.00 to $6.00 and gave the stock an “in-line” rating in a research report on Tuesday, February 18th. Oppenheimer initiated coverage on shares of Aurora Innovation in a report on Thursday, March 27th. They issued an “outperform” rating and a $15.00 target price for the company. TD Cowen initiated 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. Finally, Canaccord Genuity Group increased their target price on shares of Aurora Innovation from $10.00 to $15.00 and gave the company a “buy” rating in a report on Friday, May 2nd. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Aurora Innovation presently has a consensus rating of “Moderate Buy” and an average price target of $10.75.

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.