Aurora Innovation (NASDAQ:AUR) PT Raised to $5.00 at Evercore ISI

Aurora Innovation (NASDAQ:AUR) had its target price lifted by equities research analysts at Evercore ISI from $3.00 to $5.00 in a research report issued on Monday, MarketBeat reports. The firm currently has an “in-line” rating on the stock. Evercore ISI’s target price indicates a potential downside of 15.68% from the company’s current price.

Separately, Canaccord Genuity Group restated a “buy” rating and issued a $7.00 target price on shares of Aurora Innovation in a research note on Monday, September 30th.

Aurora Innovation Stock Performance

Shares of NASDAQ AUR opened at $5.93 on Monday. Aurora Innovation has a 1 year low of $1.60 and a 1 year high of $6.79. The firm has a market cap of $9.21 billion, a price-to-earnings ratio of -10.58 and a beta of 2.80. The stock’s 50-day simple moving average is $4.64 and its 200-day simple moving average is $3.60.

Aurora Innovation (NASDAQ:AUR) last posted its quarterly earnings results on Wednesday, July 31st. The company reported ($0.12) EPS for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.01.

Institutional Investors Weigh In On Aurora Innovation

Institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in shares of Aurora Innovation by 5.9% in the fourth quarter. Vanguard Group Inc. now owns 83,516,588 shares of the company’s stock valued at $364,967,000 after purchasing an additional 4,625,559 shares in the last quarter. Baillie Gifford & Co. lifted its holdings in shares of Aurora Innovation by 20.7% in the first quarter. Baillie Gifford & Co. now owns 40,596,568 shares of the company’s stock valued at $114,482,000 after purchasing an additional 6,962,404 shares in the last quarter. Empowered Funds LLC lifted its holdings in shares of Aurora Innovation by 44.1% in the first quarter. Empowered Funds LLC now owns 17,597 shares of the company’s stock valued at $50,000 after purchasing an additional 5,386 shares in the last quarter. Swiss National Bank lifted its holdings in shares of Aurora Innovation by 15.2% in the first quarter. Swiss National Bank now owns 1,355,500 shares of the company’s stock valued at $3,823,000 after purchasing an additional 178,900 shares in the last quarter. Finally, ProShare Advisors LLC lifted its holdings in shares of Aurora Innovation by 14.5% in the first quarter. ProShare Advisors LLC now owns 64,179 shares of the company’s stock valued at $181,000 after purchasing an additional 8,142 shares in the last quarter. Institutional investors and hedge funds own 44.71% of the company’s stock.

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.