TD Cowen Initiates Coverage on Aurora Innovation (NASDAQ:AUR)

Investment analysts at TD Cowen initiated coverage on shares of Aurora Innovation (NASDAQ:AUR) in a research note issued on Friday, MarketBeat reports. The brokerage set a “hold” rating and a $8.00 price target on the stock. TD Cowen’s price objective would indicate a potential upside of 12.68% from the stock’s current price.

Several other equities analysts have also recently commented on AUR. Wolfe Research began coverage on shares of Aurora Innovation in a report on Tuesday, November 26th. They set a “peer perform” rating on the stock. Evercore ISI lifted their price target on Aurora Innovation from $5.00 to $6.00 and gave the company an “in-line” rating in a report on Tuesday, February 18th. Canaccord Genuity Group increased their price objective on Aurora Innovation from $7.00 to $10.00 and gave the stock a “buy” rating in a report on Wednesday, January 8th. Morgan Stanley began coverage on shares of Aurora Innovation in a research report on Monday, March 3rd. They issued an “overweight” rating and a $12.00 target price for the company. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $10.00 price objective on shares of Aurora Innovation in a research note on Thursday, February 13th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Aurora Innovation presently has a consensus rating of “Hold” and an average price target of $8.08.

Aurora Innovation Stock Up 2.0 %

Shares of Aurora Innovation stock opened at $7.10 on Friday. Aurora Innovation has a 12 month low of $2.10 and a 12 month high of $10.77. The stock has a market cap of $12.36 billion, a PE ratio of -15.11 and a beta of 2.82. The business has a fifty day simple moving average of $7.24 and a 200-day simple moving average of $6.30.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Castle Rock Wealth Management LLC acquired a new stake in shares of Aurora Innovation in the fourth quarter valued at about $721,000. Mackenzie Financial Corp grew its stake in shares of Aurora Innovation by 314.2% in the fourth quarter. Mackenzie Financial Corp now owns 44,104 shares of the company’s stock worth $278,000 after acquiring an additional 33,456 shares during the last quarter. GTS Securities LLC increased its position in Aurora Innovation by 46.9% during the fourth quarter. GTS Securities LLC now owns 20,071 shares of the company’s stock worth $126,000 after acquiring an additional 6,407 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Aurora Innovation by 41.7% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,918,807 shares of the company’s stock valued at $12,088,000 after purchasing an additional 564,227 shares during the period. Finally, Voloridge Investment Management LLC acquired a new stake in Aurora Innovation in the 4th quarter worth $6,958,000. 44.71% of the stock is currently 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.