Cetera Investment Advisers Invests $117,000 in Aurora Innovation, Inc. (NASDAQ:AUR)

Cetera Investment Advisers acquired a new stake in shares of Aurora Innovation, Inc. (NASDAQ:AUR) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 18,589 shares of the company’s stock, valued at approximately $117,000.

Several other institutional investors also recently modified their holdings of AUR. Twin Tree Management LP boosted its position in shares of Aurora Innovation by 217.2% during the fourth quarter. Twin Tree Management LP now owns 4,450 shares of the company’s stock valued at $28,000 after buying an additional 3,047 shares during the last quarter. GPS Wealth Strategies Group LLC lifted its holdings in Aurora Innovation by 241.7% in the fourth quarter. GPS Wealth Strategies Group LLC now owns 7,005 shares of the company’s stock valued at $44,000 after acquiring an additional 4,955 shares during the period. Yousif Capital Management LLC bought a new position in Aurora Innovation in the fourth quarter valued at about $65,000. Avantax Advisory Services Inc. bought a new position in Aurora Innovation in the fourth quarter valued at about $65,000. Finally, Bank of Montreal Can bought a new position in Aurora Innovation in the fourth quarter valued at about $66,000. 44.71% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on AUR shares. The Goldman Sachs Group increased their target price on Aurora Innovation from $6.00 to $7.00 and gave the company a “neutral” rating in a report on Monday, May 12th. Canaccord Genuity Group increased their target price on Aurora Innovation from $10.00 to $15.00 and gave the company a “buy” rating in a report on Friday, May 2nd. Oppenheimer started coverage on Aurora Innovation in a report on Thursday, March 27th. They issued an “outperform” rating and a $15.00 target price on the stock. Evercore ISI increased their target price on Aurora Innovation from $5.00 to $6.00 and gave the company an “in-line” rating in a report on Tuesday, February 18th. Finally, TD Cowen assumed coverage on Aurora Innovation in a research note on Friday, March 7th. They issued a “hold” rating and a $8.00 price objective on the stock. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $10.75.

Aurora Innovation Trading Down 3.3%

Shares of AUR opened at $5.86 on Tuesday. The business’s 50 day moving average is $6.57 and its 200 day moving average is $6.90. The company has a market capitalization of $10.37 billion, a PE ratio of -12.47 and a beta of 2.76. Aurora Innovation, Inc. has a 12-month low of $2.10 and a 12-month high of $10.77.

Aurora Innovation (NASDAQ:AUR) last issued its earnings results on Thursday, May 8th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by ($0.01). Equities research analysts predict that Aurora Innovation, Inc. will post -0.49 earnings per share for the current year.

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.