Aurora Innovation (NASDAQ:AUR) Earns Overweight Rating from Analysts at Morgan Stanley

Stock analysts at Morgan Stanley assumed coverage on shares of Aurora Innovation (NASDAQ:AUR) in a research report issued on Monday,Briefing.com Automated Import reports. The brokerage set an “overweight” rating and a $12.00 price target on the stock. Morgan Stanley’s target price indicates a potential upside of 65.06% from the stock’s previous close.

A number of other equities research analysts also recently weighed in on the stock. Canaccord Genuity Group boosted their price target on shares of Aurora Innovation from $7.00 to $10.00 and gave the stock a “buy” rating in a research note on Wednesday, January 8th. Cantor Fitzgerald restated an “overweight” rating and issued a $10.00 price target on shares of Aurora Innovation in a research report on Thursday, February 13th. Evercore ISI upped their price objective on Aurora Innovation from $5.00 to $6.00 and gave the company an “in-line” rating in a report on Tuesday, February 18th. The Goldman Sachs Group upped their price target on Aurora Innovation from $2.00 to $2.50 and gave the company a “sell” rating in a research note on Monday, November 4th. Finally, Wolfe Research began coverage on shares of Aurora Innovation in a report on Tuesday, November 26th. They set a “peer perform” rating for the company. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $7.42.

Aurora Innovation Trading Up 3.9 %

Shares of AUR stock opened at $7.27 on Monday. Aurora Innovation has a 1 year low of $2.10 and a 1 year high of $10.77. The firm has a market capitalization of $12.65 billion, a P/E ratio of -15.47 and a beta of 2.85. The firm’s fifty day simple moving average is $7.24 and its 200 day simple moving average is $6.20.

Aurora Innovation (NASDAQ:AUR) last announced its earnings results on Wednesday, February 12th. The company reported ($0.11) earnings per share for the quarter. Equities research analysts anticipate that Aurora Innovation will post -0.49 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Twin Tree Management LP boosted its position 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 during the period. GPS Wealth Strategies Group LLC boosted 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 purchasing an additional 4,955 shares during the period. Souders Financial Advisors bought a new position in Aurora Innovation during the 3rd quarter worth $59,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of Aurora Innovation in the third quarter valued at about $60,000. Finally, Sigma Planning Corp acquired a new position in shares of Aurora Innovation in the third quarter valued at about $63,000. 44.71% of the stock is currently owned by institutional investors and hedge funds.

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.