Aurora Innovation (NASDAQ:AUR) Coverage Initiated by Analysts at Oppenheimer

Oppenheimer initiated coverage on shares of Aurora Innovation (NASDAQ:AUR) in a research note issued to investors on Thursday morning, MarketBeat Ratings reports. The firm issued an outperform rating and a $15.00 target price on the stock.

A number of other analysts have also issued reports on the stock. Morgan Stanley initiated coverage on shares of Aurora Innovation in a research note on Monday, March 3rd. They set an “overweight” rating and a $12.00 target price for the company. Canaccord Genuity Group upped their target price on shares of Aurora Innovation from $7.00 to $10.00 and gave the stock a “buy” rating in a research note on Wednesday, January 8th. Evercore ISI lifted their price target on shares of Aurora Innovation from $5.00 to $6.00 and gave the company an “in-line” rating in a research note on Tuesday, February 18th. Cantor Fitzgerald reissued an “overweight” rating and issued a $10.00 price objective on shares of Aurora Innovation in a research note on Thursday, February 13th. Finally, TD Cowen assumed coverage on Aurora Innovation in a research report on Friday, March 7th. They set a “hold” rating and a $8.00 target price for the company. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $9.07.

Aurora Innovation Price Performance

Aurora Innovation stock opened at $7.46 on Thursday. The firm has a market capitalization of $12.98 billion, a P/E ratio of -15.87 and a beta of 2.82. Aurora Innovation has a 1-year low of $2.10 and a 1-year high of $10.77. The company’s 50-day moving average is $7.28 and its 200 day moving average is $6.56.

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. Research analysts anticipate that Aurora Innovation will post -0.49 earnings per share for the current fiscal year.

Institutional Trading of Aurora Innovation

Several hedge funds and other institutional investors have recently bought and sold shares of AUR. CoreCap Advisors LLC raised its stake in shares of Aurora Innovation by 15.0% during the 4th quarter. CoreCap Advisors LLC now owns 13,177 shares of the company’s stock worth $83,000 after acquiring an additional 1,717 shares in the last quarter. CIBC Asset Management Inc boosted its stake in Aurora Innovation by 5.1% in the 4th quarter. CIBC Asset Management Inc now owns 35,587 shares of the company’s stock worth $224,000 after purchasing an additional 1,723 shares in the last quarter. Corient Private Wealth LLC grew its position in Aurora Innovation by 11.5% during the 4th quarter. Corient Private Wealth LLC now owns 21,484 shares of the company’s stock worth $135,000 after purchasing an additional 2,216 shares during the last quarter. Twin Tree Management LP increased its stake in Aurora Innovation by 217.2% during the 4th quarter. Twin Tree Management LP now owns 4,450 shares of the company’s stock valued at $28,000 after purchasing an additional 3,047 shares in the last quarter. Finally, Summit Investment Advisors Inc. raised its holdings in shares of Aurora Innovation by 3.5% in the fourth quarter. Summit Investment Advisors Inc. now owns 98,238 shares of the company’s stock worth $619,000 after buying an additional 3,360 shares during the last quarter. Institutional investors 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.