Aurora Innovation, Inc. (NASDAQ:AUR) Receives $10.34 Average PT from Brokerages

Shares of Aurora Innovation, Inc. (NASDAQ:AUR) have been assigned an average rating of “Hold” from the eight ratings firms that are currently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $10.34.

A number of equities analysts recently issued reports on AUR shares. TD Cowen decreased their target price on Aurora Innovation from $5.50 to $4.70 and set a “hold” rating on the stock in a report on Friday, February 13th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Aurora Innovation in a report on Wednesday, January 21st. Needham & Company LLC reiterated a “buy” rating and issued a $13.00 price target on shares of Aurora Innovation in a research report on Thursday, February 12th. Finally, Cantor Fitzgerald restated an “overweight” rating on shares of Aurora Innovation in a report on Monday, February 9th.

Aurora Innovation Price Performance

AUR stock opened at $4.18 on Monday. Aurora Innovation has a 12 month low of $3.60 and a 12 month high of $8.25. The firm has a market cap of $8.15 billion, a PE ratio of -9.29 and a beta of 2.44. The firm has a 50 day simple moving average of $4.40 and a 200 day simple moving average of $4.60.

Aurora Innovation (NASDAQ:AUR) last posted its quarterly earnings results on Wednesday, February 11th. The company reported ($0.12) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.12). The business had revenue of $1.00 million during the quarter, compared to analyst estimates of $1.47 million. As a group, sell-side analysts expect that Aurora Innovation will post -0.49 earnings per share for the current year.

Institutional Investors Weigh In On Aurora Innovation

Several hedge funds have recently made changes to their positions in the company. Danske Bank A S purchased a new position in Aurora Innovation during the 3rd quarter worth approximately $36,000. N.E.W. Advisory Services LLC purchased a new stake in shares of Aurora Innovation in the third quarter valued at $44,000. Garton & Associates Financial Advisors LLC purchased a new stake in shares of Aurora Innovation in the fourth quarter valued at $35,000. Fifth Third Bancorp boosted its position in shares of Aurora Innovation by 101.4% in the third quarter. Fifth Third Bancorp now owns 9,930 shares of the company’s stock worth $54,000 after buying an additional 5,000 shares during the period. Finally, Ervin Investment Management LLC purchased a new position in shares of Aurora Innovation during the third quarter valued at $54,000. Hedge funds and other institutional investors own 44.71% of the company’s stock.

About Aurora Innovation

Aurora Innovation, Inc is a technology company specializing in the development of self-driving vehicle systems for both passenger and commercial applications. Headquartered in Mountain View, California, Aurora has built an end-to-end platform—known as the Aurora Driver—that integrates proprietary software, machine learning algorithms and a suite of sensors (LiDAR, radar and cameras) to enable vehicles to operate safely and efficiently in diverse driving environments.

The company’s core business revolves around designing, testing and deploying its autonomy stack on vehicles from established automotive and transportation partners.