Aurora Innovation, Inc. (NASDAQ:AUR) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Aurora Innovation, Inc. (NASDAQ:AUR) have received an average recommendation of “Hold” from the eight ratings firms that are currently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $10.34.

A number of equities analysts have recently commented on the stock. TD Cowen cut their price objective on shares of Aurora Innovation from $5.50 to $4.70 and set a “hold” rating for the company in a research report on Friday, February 13th. Cantor Fitzgerald reiterated an “overweight” rating on shares of Aurora Innovation in a research report on Monday, February 9th. Weiss Ratings restated a “sell (d-)” rating on shares of Aurora Innovation in a research note on Wednesday, January 21st. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $13.00 price target on shares of Aurora Innovation in a report on Thursday, February 12th.

Institutional Investors Weigh In On Aurora Innovation

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Rockefeller Capital Management L.P. lifted its position in Aurora Innovation by 152.4% during the fourth quarter. Rockefeller Capital Management L.P. now owns 35,880 shares of the company’s stock valued at $138,000 after purchasing an additional 21,665 shares during the last quarter. Osbon Capital Management LLC bought a new position in shares of Aurora Innovation in the 4th quarter worth $67,000. World Investment Advisors raised its position in shares of Aurora Innovation by 7.4% during the 4th quarter. World Investment Advisors now owns 34,812 shares of the company’s stock valued at $134,000 after buying an additional 2,406 shares in the last quarter. Corient Private Wealth LLC raised its position in shares of Aurora Innovation by 119.4% during the 4th quarter. Corient Private Wealth LLC now owns 39,679 shares of the company’s stock valued at $153,000 after buying an additional 21,594 shares in the last quarter. Finally, Virtu Financial LLC lifted its holdings in shares of Aurora Innovation by 55.5% during the 4th quarter. Virtu Financial LLC now owns 19,520 shares of the company’s stock worth $75,000 after acquiring an additional 6,967 shares during the last quarter. 44.71% of the stock is owned by hedge funds and other institutional investors.

Aurora Innovation Stock Performance

Shares of Aurora Innovation stock opened at $4.12 on Monday. The stock has a market capitalization of $8.03 billion, a P/E ratio of -9.16 and a beta of 2.44. Aurora Innovation has a 52-week low of $3.60 and a 52-week high of $8.25. The stock’s 50-day simple moving average is $4.43 and its 200 day simple moving average is $4.63.

Aurora Innovation (NASDAQ:AUR) last released its quarterly earnings data on Wednesday, February 11th. The company reported ($0.12) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.12). The business had revenue of $1.00 million during the quarter, compared to analysts’ expectations of $1.47 million. Equities research analysts forecast that Aurora Innovation will post -0.49 EPS for the current fiscal year.

About Aurora Innovation

Aurora Innovation, Inc is a technology company specializing in the development of self-driving vehicle systems for both passenger and commercial applications. Headquartered in Mountain View, California, Aurora has built an end-to-end platform—known as the Aurora Driver—that integrates proprietary software, machine learning algorithms and a suite of sensors (LiDAR, radar and cameras) to enable vehicles to operate safely and efficiently in diverse driving environments.

The company’s core business revolves around designing, testing and deploying its autonomy stack on vehicles from established automotive and transportation partners.