Aurora Innovation (NASDAQ:AUR) Now Covered by Analysts at Needham & Company LLC

Investment analysts at Needham & Company LLC began coverage on shares of Aurora Innovation (NASDAQ:AUR) in a report issued on Tuesday, MarketBeat reports. The firm set a “buy” rating and a $10.00 price target on the stock. Needham & Company LLC’s price objective suggests a potential upside of 65.84% from the company’s previous close.

AUR has been the topic of several other reports. Cantor Fitzgerald reiterated an “overweight” rating and issued a $10.00 target price on shares of Aurora Innovation in a report on Thursday, February 13th. Canaccord Genuity Group upped their price objective on shares of Aurora Innovation from $7.00 to $10.00 and gave the company a “buy” rating in a research note on Wednesday, January 8th. Oppenheimer assumed coverage on shares of Aurora Innovation in a research report on Thursday, March 27th. They set an “outperform” rating and a $15.00 price objective for the company. Morgan Stanley began coverage on shares of Aurora Innovation in a report on Monday, March 3rd. They issued an “overweight” rating and a $12.00 target price on the stock. Finally, TD Cowen initiated coverage on Aurora Innovation in a report on Friday, March 7th. They set a “hold” rating and a $8.00 price target for the company. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Aurora Innovation presently has an average rating of “Moderate Buy” and an average target price of $9.63.

Aurora Innovation Stock Performance

Shares of NASDAQ:AUR opened at $6.03 on Tuesday. Aurora Innovation has a 52 week low of $2.10 and a 52 week high of $10.77. The firm has a market cap of $10.49 billion, a PE ratio of -12.83 and a beta of 2.77. The firm’s fifty day moving average is $7.13 and its 200-day moving average is $6.68.

Aurora Innovation (NASDAQ:AUR) last announced its earnings results on Wednesday, February 12th. The company reported ($0.11) earnings per share (EPS) for the quarter. Sell-side analysts forecast that Aurora Innovation will post -0.49 EPS for the current year.

Institutional Trading of Aurora Innovation

Large investors have recently made changes to their positions in the company. GAMMA Investing LLC raised its position in shares of Aurora Innovation by 147.3% during the first quarter. GAMMA Investing LLC now owns 5,922 shares of the company’s stock worth $40,000 after purchasing an additional 3,527 shares during the period. Permanent Capital Management LP raised its holdings in Aurora Innovation by 320.1% during the first quarter. Permanent Capital Management LP now owns 2,521,340 shares of the company’s stock worth $16,956,000 after buying an additional 1,921,140 shares during the last quarter. Breakwater Capital Group lifted its stake in shares of Aurora Innovation by 20.3% in the first quarter. Breakwater Capital Group now owns 77,582 shares of the company’s stock valued at $522,000 after buying an additional 13,075 shares in the last quarter. Retirement Planning Group LLC acquired a new position in shares of Aurora Innovation during the first quarter valued at about $70,000. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Aurora Innovation during the first quarter valued at about $32,000. 44.71% of the stock is currently 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.