Aurora Innovation (NASDAQ:AUR) Trading Up 7.5% on Analyst Upgrade

Aurora Innovation, Inc. (NASDAQ:AUR)’s stock price was up 7.5% during mid-day trading on Friday after TD Cowen raised their price target on the stock from $3.00 to $4.00. TD Cowen currently has a hold rating on the stock. Aurora Innovation traded as high as $5.63 and last traded at $5.59. Approximately 5,033,494 shares traded hands during mid-day trading, a decline of 41% from the average daily volume of 8,580,656 shares. The stock had previously closed at $5.20.

AUR has been the topic of several other reports. Evercore ISI raised their price target on Aurora Innovation from $3.00 to $5.00 and gave the company an “in-line” rating in a research report on Monday, October 14th. Canaccord Genuity Group reissued a “buy” rating and set a $7.00 target price on shares of Aurora Innovation in a research report on Monday, September 30th.

Institutional Investors Weigh In On Aurora Innovation

Institutional investors have recently added to or reduced their stakes in the stock. Sequoia Financial Advisors LLC acquired a new stake in Aurora Innovation during the second quarter valued at approximately $30,000. ASB Consultores LLC boosted its holdings in Aurora Innovation by 24.0% during the third quarter. ASB Consultores LLC now owns 15,955 shares of the company’s stock valued at $94,000 after purchasing an additional 3,088 shares in the last quarter. Profund Advisors LLC acquired a new stake in Aurora Innovation during the second quarter valued at approximately $46,000. Empowered Funds LLC boosted its holdings in Aurora Innovation by 44.1% during the first quarter. Empowered Funds LLC now owns 17,597 shares of the company’s stock valued at $50,000 after purchasing an additional 5,386 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC acquired a new stake in Aurora Innovation during the second quarter valued at approximately $51,000. 44.71% of the stock is owned by institutional investors and hedge funds.

Aurora Innovation Stock Up 7.5 %

The business has a fifty day simple moving average of $5.33 and a two-hundred day simple moving average of $3.88. The company has a market capitalization of $8.77 billion, a price-to-earnings ratio of -11.24 and a beta of 2.80.

Aurora Innovation (NASDAQ:AUR) last announced its earnings results on Wednesday, October 30th. The company reported ($0.13) EPS for the quarter.

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.