Aurora Innovation (NASDAQ:AUR) Price Target Raised to $13.00

Aurora Innovation (NASDAQ:AUR) had its price objective hoisted by investment analysts at Needham & Company LLC from $10.00 to $13.00 in a research report issued on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Needham & Company LLC’s price target suggests a potential upside of 78.57% from the company’s current price.

A number of other equities research analysts have also commented on AUR. Oppenheimer initiated coverage on Aurora Innovation in a research report on Thursday, March 27th. They set an “outperform” rating and a $15.00 price target on the stock. Morgan Stanley began 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. Cantor Fitzgerald reissued an “overweight” rating and set a $10.00 price objective on shares of Aurora Innovation in a report on Thursday, February 13th. Evercore ISI boosted their target price on shares of Aurora Innovation from $5.00 to $6.00 and gave the stock an “in-line” rating in a research note on Tuesday, February 18th. Finally, Canaccord Genuity Group increased their price target on shares of Aurora Innovation from $10.00 to $15.00 and gave the company a “buy” rating in a research note on Friday, May 2nd. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, Aurora Innovation currently has an average rating of “Moderate Buy” and a consensus target price of $10.63.

Aurora Innovation Price Performance

Aurora Innovation stock opened at $7.28 on Friday. The firm has a market capitalization of $12.67 billion, a P/E ratio of -15.49 and a beta of 2.76. The stock has a fifty day moving average price of $6.76 and a two-hundred day moving average price of $6.82. Aurora Innovation has a 52-week low of $2.10 and a 52-week high of $10.77.

Aurora Innovation (NASDAQ:AUR) last announced its quarterly earnings results on Thursday, May 8th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by ($0.01). On average, equities research analysts predict that Aurora Innovation will post -0.49 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Twin Tree Management LP raised its position in shares of Aurora Innovation by 217.2% during the fourth quarter. Twin Tree Management LP now owns 4,450 shares of the company’s stock worth $28,000 after purchasing an additional 3,047 shares during the period. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Aurora Innovation during the 1st quarter worth approximately $32,000. Signaturefd LLC raised its holdings in Aurora Innovation by 208.0% during the 1st quarter. Signaturefd LLC now owns 5,283 shares of the company’s stock worth $36,000 after buying an additional 3,568 shares during the period. GAMMA Investing LLC lifted its stake in Aurora Innovation by 147.3% in the first quarter. GAMMA Investing LLC now owns 5,922 shares of the company’s stock valued at $40,000 after buying an additional 3,527 shares in the last quarter. Finally, GPS Wealth Strategies Group LLC boosted its holdings in shares of 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 buying an additional 4,955 shares during the period. 44.71% of the stock is currently owned by institutional investors.

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.