Aurora Innovation (NASDAQ:AUR) Price Target Raised to $6.00 at Evercore ISI

Aurora Innovation (NASDAQ:AUR) had its target price raised by Evercore ISI from $5.00 to $6.00 in a research report report published on Tuesday morning,Benzinga reports. Evercore ISI currently has an in-line rating on the stock.

Other research analysts have also issued reports about the company. TD Cowen raised their target price on Aurora Innovation from $3.00 to $4.00 and gave the stock a “hold” rating in a research report on Thursday, October 31st. Wolfe Research assumed coverage on Aurora Innovation in a research note on Tuesday, November 26th. They set a “peer perform” rating for the company. Cantor Fitzgerald reiterated an “overweight” rating and set a $10.00 price target on shares of Aurora Innovation in a research note on Thursday, February 13th. Canaccord Genuity Group boosted their target price on Aurora Innovation from $7.00 to $10.00 and gave the stock a “buy” rating in a research note on Wednesday, January 8th. Finally, The Goldman Sachs Group upped their price objective on Aurora Innovation from $2.00 to $2.50 and gave the company a “sell” rating in a research note on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $6.50.

Aurora Innovation Stock Performance

Shares of AUR stock opened at $9.47 on Tuesday. Aurora Innovation has a fifty-two week low of $2.10 and a fifty-two week high of $10.77. The company has a market cap of $16.27 billion, a PE ratio of -19.33 and a beta of 2.85. The stock’s fifty day moving average price is $7.19 and its two-hundred day moving average price is $5.94.

Aurora Innovation (NASDAQ:AUR) last released its quarterly earnings data on Wednesday, February 12th. The company reported ($0.11) earnings per share for the quarter. On average, equities analysts predict that Aurora Innovation will post -0.47 EPS for the current fiscal year.

Insider Transactions at Aurora Innovation

In related news, Director Gloria R. Boyland sold 30,000 shares of the company’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $6.30, for a total value of $189,000.00. Following the completion of the transaction, the director now directly owns 344,647 shares in the company, valued at approximately $2,171,276.10. The trade was a 8.01 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 13.83% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AUR. Twin Tree Management LP boosted its position in Aurora Innovation by 217.2% during the fourth quarter. Twin Tree Management LP now owns 4,450 shares of the company’s stock valued at $28,000 after buying an additional 3,047 shares during the period. GPS Wealth Strategies Group LLC raised its stake in Aurora Innovation by 241.7% in the fourth quarter. GPS Wealth Strategies Group LLC now owns 7,005 shares of the company’s stock worth $44,000 after buying an additional 4,955 shares in the last quarter. Souders Financial Advisors bought a new position in Aurora Innovation in the third quarter worth about $59,000. Dynamic Technology Lab Private Ltd bought a new position in shares of Aurora Innovation during the third quarter valued at approximately $60,000. Finally, Sigma Planning Corp bought a new position in shares of Aurora Innovation during the third quarter valued at approximately $63,000. 44.71% of the stock is currently owned by hedge funds and other institutional investors.

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.