Aurora Innovation (NASDAQ:AUR) Upgraded to “Neutral” at The Goldman Sachs Group

Aurora Innovation (NASDAQ:AUR) was upgraded by equities research analysts at The Goldman Sachs Group from a “sell” rating to a “neutral” rating in a research report issued on Thursday, MarketBeat reports. The firm currently has a $6.00 target price on the stock. The Goldman Sachs Group’s price target would indicate a potential downside of 8.40% from the company’s current price.

AUR has been the topic of a number of other research reports. Oppenheimer assumed coverage on Aurora Innovation in a research report on Thursday, March 27th. They set an “outperform” rating and a $15.00 price target on the stock. Evercore ISI lifted their target price on Aurora Innovation from $5.00 to $6.00 and gave the company an “in-line” rating in a report on Tuesday, February 18th. Cantor Fitzgerald reissued an “overweight” rating and set a $10.00 price target on shares of Aurora Innovation in a report on Thursday, February 13th. Canaccord Genuity Group upped their target price on Aurora Innovation from $7.00 to $10.00 and gave the company a “buy” rating in a report on Wednesday, January 8th. Finally, Morgan Stanley started coverage on Aurora Innovation in a research note on Monday, March 3rd. They set an “overweight” rating and a $12.00 price target on the stock. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $9.57.

Aurora Innovation Trading Up 15.7 %

Shares of AUR stock opened at $6.55 on Thursday. Aurora Innovation has a 1-year low of $2.10 and a 1-year high of $10.77. The stock has a market cap of $11.40 billion, a price-to-earnings ratio of -13.94 and a beta of 2.77. The stock has a 50-day moving average of $7.17 and a 200-day moving average of $6.68.

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

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Twin Tree Management LP raised its stake 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 acquiring an additional 3,047 shares during the period. GPS Wealth Strategies Group LLC lifted its position in Aurora Innovation by 241.7% during the fourth quarter. GPS Wealth Strategies Group LLC now owns 7,005 shares of the company’s stock worth $44,000 after acquiring an additional 4,955 shares during the last quarter. Grimes & Company Inc. acquired a new position in shares of Aurora Innovation in the fourth quarter valued at approximately $63,000. Yousif Capital Management LLC bought a new position in shares of Aurora Innovation during the fourth quarter worth approximately $65,000. Finally, Avantax Advisory Services Inc. bought a new stake in Aurora Innovation in the 4th quarter valued at $65,000. 44.71% of the stock is owned by institutional investors and hedge funds.

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.