Aurora Innovation, Inc. (NASDAQ:AUR) Receives Average Recommendation of “Moderate Buy” from Analysts

Aurora Innovation, Inc. (NASDAQ:AUR) has earned a consensus rating of “Moderate Buy” from the nine brokerages that are presently covering the firm, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $10.75.

A number of research firms have weighed in on AUR. Needham & Company LLC upped their target price on Aurora Innovation from $10.00 to $13.00 and gave the stock a “buy” rating in a report on Friday, May 9th. Morgan Stanley assumed 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 for the company. Cantor Fitzgerald reissued an “overweight” rating and issued a $10.00 price objective on shares of Aurora Innovation in a research report on Thursday, February 13th. TD Cowen began coverage on Aurora Innovation in a research report on Friday, March 7th. They set a “hold” rating and a $8.00 price target for the company. Finally, Canaccord Genuity Group upped their price objective 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.

Aurora Innovation Price Performance

AUR stock opened at $5.86 on Tuesday. Aurora Innovation has a 1-year low of $2.10 and a 1-year high of $10.77. The business has a 50-day moving average price of $6.57 and a 200 day moving average price of $6.90. The company has a market capitalization of $10.37 billion, a P/E ratio of -12.47 and a beta of 2.76.

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

Institutional Trading of Aurora Innovation

Institutional investors and hedge funds have recently made changes to their positions in the business. Twin Tree Management LP grew its stake in Aurora Innovation by 217.2% in the 4th quarter. Twin Tree Management LP now owns 4,450 shares of the company’s stock valued at $28,000 after acquiring an additional 3,047 shares during the period. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Aurora Innovation in the first quarter valued at about $32,000. Signaturefd LLC increased its stake in shares of Aurora Innovation by 208.0% during the first quarter. Signaturefd LLC now owns 5,283 shares of the company’s stock worth $36,000 after purchasing an additional 3,568 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Aurora Innovation by 147.3% during the 1st quarter. GAMMA Investing LLC now owns 5,922 shares of the company’s stock worth $40,000 after purchasing an additional 3,527 shares during the last quarter. Finally, GPS Wealth Strategies Group LLC lifted its stake in Aurora Innovation by 241.7% in the 4th quarter. GPS Wealth Strategies Group LLC now owns 7,005 shares of the company’s stock valued at $44,000 after buying an additional 4,955 shares in the last quarter. 44.71% of the stock is currently owned by hedge funds and other institutional investors.

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.