Catalyst Funds Management Pty Ltd Buys Shares of 20,300 Aurora Innovation, Inc. (NASDAQ:AUR)

Catalyst Funds Management Pty Ltd bought a new stake in shares of Aurora Innovation, Inc. (NASDAQ:AUR) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 20,300 shares of the company’s stock, valued at approximately $128,000.

Other large investors have also modified their holdings of the company. GPS Wealth Strategies Group LLC boosted its position in shares of Aurora Innovation by 241.7% during the fourth 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 during the period. Grimes & Company Inc. purchased a new position in shares of Aurora Innovation during the fourth quarter valued at approximately $63,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of Aurora Innovation during the third quarter valued at approximately $60,000. Yousif Capital Management LLC purchased a new position in shares of Aurora Innovation during the fourth quarter valued at approximately $65,000. Finally, Avantax Advisory Services Inc. purchased a new position in shares of Aurora Innovation during the fourth quarter valued at approximately $65,000. Hedge funds and other institutional investors own 44.71% of the company’s stock.

Analyst Upgrades and Downgrades

AUR has been the subject of a number of research reports. Cantor Fitzgerald reiterated an “overweight” rating and issued a $10.00 price target on shares of Aurora Innovation in a report on Thursday, February 13th. Morgan Stanley initiated coverage on Aurora Innovation in a report on Monday, March 3rd. They issued an “overweight” rating and a $12.00 price target for the company. Canaccord Genuity Group boosted their price target on Aurora Innovation from $7.00 to $10.00 and gave the company a “buy” rating in a report on Wednesday, January 8th. Evercore ISI boosted their price target 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, Wolfe Research initiated coverage on Aurora Innovation in a report on Tuesday, November 26th. They issued a “peer perform” rating for the company. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $8.08.

Aurora Innovation Stock Up 11.3 %

Shares of NASDAQ:AUR opened at $6.97 on Monday. The company has a market capitalization of $12.13 billion, a price-to-earnings ratio of -14.83 and a beta of 2.82. Aurora Innovation, Inc. has a 52 week low of $2.10 and a 52 week high of $10.77. The firm has a 50 day moving average of $7.25 and a 200 day moving average of $6.40.

Aurora Innovation (NASDAQ:AUR) last issued its quarterly earnings data on Wednesday, February 12th. The company reported ($0.11) EPS for the quarter. On average, sell-side analysts expect that Aurora Innovation, Inc. will post -0.49 EPS 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.