Aurora Innovation, Inc. (NASDAQ:AUR) Receives Consensus Recommendation of “Hold” from Analysts

Aurora Innovation, Inc. (NASDAQ:AUR) has earned an average recommendation of “Hold” from the seven research firms that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $8.08.

A number of research analysts recently issued reports on the stock. Wolfe Research started coverage on shares of Aurora Innovation in a research report on Tuesday, November 26th. They set a “peer perform” rating for the company. TD Cowen began coverage on Aurora Innovation in a research note on Friday, March 7th. They issued a “hold” rating and a $8.00 target price on the stock. Canaccord Genuity Group raised their target price on Aurora Innovation from $7.00 to $10.00 and gave the stock a “buy” rating in a report on Wednesday, January 8th. Evercore ISI boosted 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. Finally, Morgan Stanley started coverage on shares of Aurora Innovation in a research note on Monday, March 3rd. They set an “overweight” rating and a $12.00 price objective on the stock.

Institutional Trading of Aurora Innovation

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Uber Technologies Inc acquired a new stake in Aurora Innovation in the 4th quarter valued at $2,053,632,000. Toyota Motor Corp acquired a new stake in shares of Aurora Innovation in the fourth quarter valued at about $298,294,000. Lightspeed Management Company L.L.C. acquired a new position in shares of Aurora Innovation during the 4th quarter worth about $74,003,000. FMR LLC raised its position in shares of Aurora Innovation by 206.1% during the 3rd quarter. FMR LLC now owns 13,848,530 shares of the company’s stock worth $81,983,000 after purchasing an additional 9,325,013 shares during the last quarter. Finally, Norges Bank acquired a new stake in Aurora Innovation in the 4th quarter worth about $45,772,000. 44.71% of the stock is currently owned by hedge funds and other institutional investors.

Aurora Innovation Stock Performance

Shares of AUR stock opened at $7.46 on Thursday. Aurora Innovation has a fifty-two week low of $2.10 and a fifty-two week high of $10.77. The firm has a market capitalization of $12.98 billion, a PE ratio of -15.87 and a beta of 2.82. The stock’s 50-day simple moving average is $7.21 and its 200-day simple moving average is $6.44.

Aurora Innovation (NASDAQ:AUR) last issued its quarterly 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.

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.