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

Aurora Innovation, Inc. (NASDAQ:AUR) has received a consensus recommendation of “Hold” from the seven analysts that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and three have given a buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $8.08.

AUR has been the topic of several research analyst reports. Evercore ISI boosted 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. TD Cowen assumed coverage on shares of Aurora Innovation in a research report on Friday, March 7th. They set a “hold” rating and a $8.00 price target on the stock. Morgan Stanley started coverage on shares of Aurora Innovation in a report on Monday, March 3rd. They issued an “overweight” rating and a $12.00 price objective for the company. Canaccord Genuity Group increased their target price on shares of Aurora Innovation from $7.00 to $10.00 and gave the stock a “buy” rating in a report on Wednesday, January 8th. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $10.00 price target on shares of Aurora Innovation in a research note on Thursday, February 13th.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Twin Tree Management LP boosted its position in shares of Aurora Innovation by 217.2% during the 4th quarter. Twin Tree Management LP now owns 4,450 shares of the company’s stock worth $28,000 after acquiring an additional 3,047 shares in the last quarter. GPS Wealth Strategies Group LLC boosted 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 purchasing an additional 4,955 shares in the last quarter. Grimes & Company Inc. purchased a new position in Aurora Innovation in the fourth quarter valued at approximately $63,000. Dynamic Technology Lab Private Ltd acquired a new stake in Aurora Innovation during the third quarter worth approximately $60,000. Finally, Yousif Capital Management LLC purchased a new stake in shares of Aurora Innovation during the 4th quarter worth approximately $65,000. Hedge funds and other institutional investors own 44.71% of the company’s stock.

Aurora Innovation Price Performance

NASDAQ AUR opened at $7.12 on Thursday. Aurora Innovation has a 12 month low of $2.10 and a 12 month high of $10.77. The stock has a market capitalization of $12.39 billion, a P/E ratio of -15.15 and a beta of 2.82. The firm’s 50-day moving average is $7.27 and its two-hundred day moving average is $6.55.

Aurora Innovation (NASDAQ:AUR) last posted its quarterly earnings data on Wednesday, February 12th. The company reported ($0.11) earnings per share for the quarter. As a group, analysts anticipate that Aurora Innovation will post -0.49 EPS for the current year.

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.