Aurora Innovation (NASDAQ:AUR) Earns Hold Rating from Analysts at TD Cowen

Analysts at TD Cowen began coverage on shares of Aurora Innovation (NASDAQ:AUR) in a research note issued to investors on Friday, MarketBeat reports. The firm set a “hold” rating and a $8.00 price target on the stock. TD Cowen’s price objective indicates a potential upside of 12.68% from the company’s current price.

AUR has been the topic of several other research reports. Wolfe Research began coverage on shares of Aurora Innovation in a report on Tuesday, November 26th. They issued a “peer perform” rating on the stock. Canaccord Genuity Group raised their price objective 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. Evercore ISI boosted their target price on Aurora Innovation from $5.00 to $6.00 and gave the stock an “in-line” rating in a report on Tuesday, February 18th. Morgan Stanley started coverage on Aurora Innovation in a research report on Monday, March 3rd. They issued an “overweight” rating and a $12.00 price objective for the company. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $10.00 target price on shares of Aurora Innovation in a report on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $8.08.

Aurora Innovation Stock Up 2.0 %

NASDAQ:AUR opened at $7.10 on Friday. The firm has a market capitalization of $12.36 billion, a PE ratio of -15.11 and a beta of 2.82. Aurora Innovation has a 12-month low of $2.10 and a 12-month high of $10.77. The firm has a 50-day moving average price of $7.24 and a 200 day moving average price of $6.30.

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

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Uber Technologies Inc bought a new position in Aurora Innovation in the fourth quarter valued at about $2,053,632,000. Toyota Motor Corp bought a new stake in shares of Aurora Innovation during the fourth quarter worth approximately $298,294,000. Baillie Gifford & Co. lifted its holdings in Aurora Innovation by 17.2% in the third quarter. Baillie Gifford & Co. now owns 84,904,647 shares of the company’s stock valued at $502,636,000 after buying an additional 12,466,085 shares during the period. Lightspeed Management Company L.L.C. bought a new position in Aurora Innovation in the fourth quarter valued at approximately $74,003,000. Finally, FMR LLC raised its position in shares of Aurora Innovation by 206.1% during the 3rd quarter. FMR LLC now owns 13,848,530 shares of the company’s stock valued at $81,983,000 after acquiring an additional 9,325,013 shares during the last quarter. 44.71% of the stock is currently owned by institutional investors.

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.