Evercore ISI Issues Positive Forecast for Aurora Innovation (NASDAQ:AUR) Stock Price

Aurora Innovation (NASDAQ:AUR) had its target price lifted by research analysts at Evercore ISI from $5.00 to $6.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm presently has an “in-line” rating on the stock. Evercore ISI’s price objective indicates a potential downside of 35.29% from the company’s current price.

AUR has been the topic of a number of other research reports. Wolfe Research initiated coverage on shares of Aurora Innovation in a research note on Tuesday, November 26th. They issued a “peer perform” rating on the stock. Canaccord Genuity Group upped their price objective on Aurora Innovation from $7.00 to $10.00 and gave the company a “buy” rating in a research note on Wednesday, January 8th. TD Cowen lifted their target price on Aurora Innovation from $3.00 to $4.00 and gave the stock a “hold” rating in a research report on Thursday, October 31st. The Goldman Sachs Group boosted their price target on Aurora Innovation from $2.00 to $2.50 and gave the company a “sell” rating in a report on Monday, November 4th. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $10.00 price objective on shares of Aurora Innovation in a research note on Thursday, February 13th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Aurora Innovation presently has an average rating of “Hold” and an average price target of $6.50.

Aurora Innovation Price Performance

AUR traded down $0.92 on Tuesday, reaching $9.27. The company’s stock had a trading volume of 9,831,218 shares, compared to its average volume of 16,369,818. Aurora Innovation has a 1 year low of $2.10 and a 1 year high of $10.77. The business’s 50 day moving average is $7.19 and its 200 day moving average is $5.94. The stock has a market cap of $15.93 billion, a price-to-earnings ratio of -18.89 and a beta of 2.85.

Aurora Innovation (NASDAQ:AUR) last released its quarterly earnings results on Wednesday, February 12th. The company reported ($0.11) earnings per share for the quarter. As a group, research analysts forecast that Aurora Innovation will post -0.47 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Gloria R. Boyland sold 30,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $6.30, for a total transaction of $189,000.00. Following the completion of the transaction, the director now owns 344,647 shares in the company, valued at $2,171,276.10. The trade was a 8.01 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 13.83% of the company’s stock.

Institutional Investors Weigh In On Aurora Innovation

Several large investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. boosted its holdings in shares of Aurora Innovation by 40.1% during the third quarter. JPMorgan Chase & Co. now owns 1,380,479 shares of the company’s stock valued at $8,172,000 after acquiring an additional 394,933 shares during the period. Citigroup Inc. lifted its position in Aurora Innovation by 229.4% in the 3rd quarter. Citigroup Inc. now owns 705,181 shares of the company’s stock valued at $4,175,000 after purchasing an additional 491,125 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Aurora Innovation by 26.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 8,424,827 shares of the company’s stock valued at $49,875,000 after purchasing an additional 1,776,513 shares during the last quarter. Sterling Investment Advisors Ltd. acquired a new position in Aurora Innovation during the 3rd quarter valued at about $1,184,000. Finally, State Street Corp grew its position in Aurora Innovation by 15.2% in the 3rd quarter. State Street Corp now owns 22,183,252 shares of the company’s stock worth $131,325,000 after purchasing an additional 2,920,653 shares during the last quarter. 44.71% of the stock is owned by institutional investors and hedge funds.

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.