Aurora Innovation, Inc. (NASDAQ:AUR) Receives $9.57 Consensus PT from Analysts

Shares of Aurora Innovation, Inc. (NASDAQ:AUR) have received an average recommendation of “Moderate Buy” from the nine research firms that are presently covering the stock, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $9.63.

Several brokerages have commented on AUR. 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. The Goldman Sachs Group upgraded 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 report on Thursday, April 10th. Needham & Company LLC started coverage on Aurora Innovation in a research note on Tuesday. They issued a “buy” rating and a $10.00 price target for the company. Morgan Stanley assumed coverage on Aurora Innovation in a research report on Monday, March 3rd. They set an “overweight” rating and a $12.00 price target on the stock. Finally, Oppenheimer started coverage on Aurora Innovation in a report on Thursday, March 27th. They issued an “outperform” rating and a $15.00 price objective for the company.

Aurora Innovation Stock Performance

NASDAQ:AUR opened at $5.87 on Monday. The stock has a 50-day simple moving average of $7.08 and a 200 day simple moving average of $6.67. Aurora Innovation has a 52-week low of $2.10 and a 52-week high of $10.77. The company has a market cap of $10.22 billion, a PE ratio of -12.49 and a beta of 2.77.

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

Institutional Investors Weigh In On Aurora Innovation

A number of large investors have recently added to or reduced their stakes in AUR. Twin Tree Management LP increased its holdings in shares of Aurora Innovation by 217.2% in the fourth quarter. Twin Tree Management LP now owns 4,450 shares of the company’s stock valued at $28,000 after purchasing an additional 3,047 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Aurora Innovation in the 1st quarter valued at about $32,000. GAMMA Investing LLC raised its holdings in Aurora Innovation by 147.3% in the 1st quarter. GAMMA Investing LLC now owns 5,922 shares of the company’s stock valued at $40,000 after acquiring an additional 3,527 shares during the period. GPS Wealth Strategies Group LLC lifted its position in Aurora Innovation by 241.7% during the fourth quarter. GPS Wealth Strategies Group LLC now owns 7,005 shares of the company’s stock worth $44,000 after acquiring an additional 4,955 shares during the last quarter. Finally, Grimes & Company Inc. bought a new position in shares of Aurora Innovation during the fourth quarter worth approximately $63,000. Institutional investors 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.