Aurora Innovation, Inc. (NASDAQ:AUR) Receives Consensus Rating of “Moderate Buy” from Analysts

Aurora Innovation, Inc. (NASDAQ:AUR) has earned an average recommendation of “Moderate Buy” from the nine analysts that are currently covering the stock, MarketBeat reports. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $9.63.

A number of research analysts recently commented on AUR shares. Morgan Stanley started coverage on Aurora Innovation in a research note on Monday, March 3rd. They issued an “overweight” rating and a $12.00 price target for the company. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $10.00 price target on shares of Aurora Innovation in a report on Thursday, February 13th. The Goldman Sachs Group raised shares of Aurora Innovation from a “sell” rating to a “neutral” rating and lifted their price objective for the company from $3.00 to $6.00 in a research note on Thursday, April 10th. Evercore ISI upped their target price on 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 lifted their price target on Aurora Innovation from $7.00 to $10.00 and gave the company a “buy” rating in a research note on Wednesday, January 8th.

Aurora Innovation Stock Up 4.1 %

Shares of NASDAQ:AUR opened at $6.11 on Monday. Aurora Innovation has a 12-month low of $2.10 and a 12-month high of $10.77. The company’s 50 day moving average price is $7.03 and its two-hundred day moving average price is $6.70. The firm has a market cap of $10.63 billion, a PE ratio of -13.00 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) EPS for the quarter. On average, research analysts expect that Aurora Innovation will post -0.49 EPS for the current year.

Institutional Investors Weigh In On Aurora Innovation

Hedge funds have recently modified their holdings of the company. JPMorgan Chase & Co. raised its position in Aurora Innovation by 40.1% in the third quarter. JPMorgan Chase & Co. now owns 1,380,479 shares of the company’s stock valued at $8,172,000 after purchasing an additional 394,933 shares during the last quarter. Vanguard Group Inc. raised its holdings in Aurora Innovation by 2.4% in the 4th quarter. Vanguard Group Inc. now owns 113,020,406 shares of the company’s stock valued at $712,029,000 after buying an additional 2,687,191 shares during the last quarter. Swiss National Bank boosted its position in Aurora Innovation by 22.3% during the 4th quarter. Swiss National Bank now owns 1,839,400 shares of the company’s stock worth $11,588,000 after buying an additional 335,000 shares during the period. ARK Investment Management LLC grew its holdings in Aurora Innovation by 14.9% during the 4th quarter. ARK Investment Management LLC now owns 2,412,353 shares of the company’s stock worth $15,198,000 after acquiring an additional 312,144 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in Aurora Innovation in the 4th quarter valued at approximately $702,000. Institutional investors and hedge funds own 44.71% of the company’s stock.

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.