Avantax Advisory Services Inc. Invests $65,000 in Aurora Innovation, Inc. (NASDAQ:AUR)

Avantax Advisory Services Inc. bought a new stake in Aurora Innovation, Inc. (NASDAQ:AUR) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 10,354 shares of the company’s stock, valued at approximately $65,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. GPS Wealth Strategies Group LLC lifted its position in Aurora Innovation by 241.7% during the 4th quarter. GPS Wealth Strategies Group LLC now owns 7,005 shares of the company’s stock worth $44,000 after acquiring an additional 4,955 shares during the period. Dynamic Technology Lab Private Ltd acquired a new position in Aurora Innovation in the 3rd quarter valued at $60,000. Reynders McVeigh Capital Management LLC purchased a new position in Aurora Innovation during the 3rd quarter worth $63,000. Grimes & Company Inc. purchased a new stake in shares of Aurora Innovation in the fourth quarter valued at about $63,000. Finally, Yousif Capital Management LLC acquired a new position in shares of Aurora Innovation during the fourth quarter worth about $65,000. Hedge funds and other institutional investors own 44.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. TD Cowen began coverage on shares of Aurora Innovation in a report on Friday, March 7th. They issued a “hold” rating and a $8.00 target price for the company. Canaccord Genuity Group raised their price target on Aurora Innovation from $7.00 to $10.00 and gave the company a “buy” rating in a research report on Wednesday, January 8th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $10.00 price target on shares of Aurora Innovation in a research note on Thursday, February 13th. Evercore ISI increased their price objective 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. Finally, Morgan Stanley started coverage on shares of Aurora Innovation in a research report on Monday, March 3rd. They set an “overweight” rating and a $12.00 target price for the company. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Aurora Innovation currently has an average rating of “Hold” and a consensus target price of $9.07.

Aurora Innovation Price Performance

Shares of AUR opened at $7.46 on Friday. Aurora Innovation, Inc. has a 12-month low of $2.10 and a 12-month high of $10.77. The business’s fifty day moving average price is $7.28 and its 200 day moving average price is $6.56. The stock has a market capitalization of $12.98 billion, a PE ratio of -15.87 and a beta of 2.82.

Aurora Innovation (NASDAQ:AUR) last announced its quarterly earnings results on Wednesday, February 12th. The company reported ($0.11) earnings per share (EPS) for the quarter. As a group, research analysts anticipate that Aurora Innovation, Inc. will post -0.49 earnings per share for the current fiscal year.

Aurora Innovation 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.