Yaupon Capital Management LP Takes Position in Aurora Innovation, Inc. (NASDAQ:AUR)

Yaupon Capital Management LP acquired a new position in shares of Aurora Innovation, Inc. (NASDAQ:AUR) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 1,035,608 shares of the company’s stock, valued at approximately $6,524,000. Yaupon Capital Management LP owned 0.06% of Aurora Innovation as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently modified their holdings of AUR. Twin Tree Management LP raised its position in Aurora Innovation by 217.2% in the 4th 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. GPS Wealth Strategies Group LLC lifted its stake in 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 in the last quarter. Grimes & Company Inc. bought a new stake in shares of Aurora Innovation in the fourth quarter worth $63,000. Yousif Capital Management LLC bought a new position in shares of Aurora Innovation in the 4th quarter valued at about $65,000. Finally, Avantax Advisory Services Inc. acquired a new stake in Aurora Innovation during the 4th quarter valued at $65,000. Institutional investors own 44.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Evercore ISI upped their target price on Aurora Innovation from $5.00 to $6.00 and gave the company an “in-line” rating in a research report on Tuesday, February 18th. Cantor Fitzgerald reissued an “overweight” rating and set a $10.00 target price on shares of Aurora Innovation in a report on Thursday, February 13th. Oppenheimer started coverage on Aurora Innovation in a research note on Thursday, March 27th. They issued an “outperform” rating and a $15.00 price objective on the stock. Canaccord Genuity Group boosted their target price on shares of Aurora Innovation from $7.00 to $10.00 and gave the company a “buy” rating in a report on Wednesday, January 8th. Finally, TD Cowen began coverage on shares of Aurora Innovation in a report on Friday, March 7th. They set a “hold” rating and a $8.00 price objective on the stock. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $9.63.

Aurora Innovation Price Performance

Shares of NASDAQ:AUR opened at $5.71 on Tuesday. The business has a 50 day simple moving average of $7.01 and a two-hundred day simple moving average of $6.70. Aurora Innovation, Inc. has a 1 year low of $2.10 and a 1 year high of $10.77. The firm has a market capitalization of $9.94 billion, a PE ratio of -12.15 and a beta of 2.77.

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

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.