Needham & Company LLC Begins Coverage on Aurora Innovation (NASDAQ:AUR)

Needham & Company LLC assumed coverage on shares of Aurora Innovation (NASDAQ:AUR) in a research note published on Tuesday, MarketBeat reports. The firm issued a buy rating and a $10.00 price target on the stock.

AUR has been the subject of a number of other reports. Canaccord Genuity Group raised their target price on Aurora Innovation from $7.00 to $10.00 and gave the company a “buy” rating in a report on Wednesday, January 8th. The Goldman Sachs Group raised shares of Aurora Innovation from a “sell” rating to a “neutral” rating and upped their target price for the stock from $3.00 to $6.00 in a research note on Thursday, April 10th. TD Cowen began coverage on shares of Aurora Innovation in a research note on Friday, March 7th. They issued a “hold” rating and a $8.00 price target for the company. Evercore ISI increased their price objective on Aurora Innovation from $5.00 to $6.00 and gave the company an “in-line” rating in a research note on Tuesday, February 18th. Finally, Oppenheimer began coverage on Aurora Innovation in a report on Thursday, March 27th. They issued an “outperform” rating and a $15.00 target price for the company. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $9.63.

Aurora Innovation Trading Up 4.1 %

NASDAQ AUR opened at $6.11 on Tuesday. The stock has a market cap of $10.63 billion, a PE ratio of -13.00 and a beta of 2.77. Aurora Innovation has a twelve month low of $2.10 and a twelve month high of $10.77. The stock has a fifty day simple moving average of $7.05 and a 200-day simple moving average of $6.68.

Aurora Innovation (NASDAQ:AUR) last issued its quarterly earnings data on Wednesday, February 12th. The company reported ($0.11) EPS for the quarter. Research analysts predict that Aurora Innovation will post -0.49 EPS for the current year.

Hedge Funds Weigh In On Aurora Innovation

Institutional investors and hedge funds have recently modified their holdings of the company. Uber Technologies Inc purchased a new stake in Aurora Innovation during the 4th quarter worth about $2,053,632,000. Toyota Motor Corp purchased a new stake in Aurora Innovation during the fourth quarter worth approximately $298,294,000. Lightspeed Management Company L.L.C. acquired a new position in Aurora Innovation in the fourth quarter valued at approximately $74,003,000. Norges Bank purchased a new position in Aurora Innovation in the fourth quarter valued at approximately $45,772,000. Finally, Price T Rowe Associates Inc. MD raised its holdings in Aurora Innovation by 13.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 26,671,319 shares of the company’s stock worth $168,030,000 after purchasing an additional 3,237,609 shares in the last quarter. Institutional investors and hedge funds own 44.71% of the company’s stock.

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.