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

Morgan Stanley assumed coverage on shares of Aurora Innovation (NASDAQ:AUR) in a research report report published on Monday morning, Marketbeat reports. The brokerage issued an overweight rating and a $12.00 price objective on the stock.

AUR has been the topic of several other reports. Wolfe Research began coverage on Aurora Innovation in a research note on Tuesday, November 26th. They set a “peer perform” rating on the stock. Canaccord Genuity Group lifted their target price on Aurora Innovation from $7.00 to $10.00 and gave the company a “buy” rating in a research note on Wednesday, January 8th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $10.00 price target on shares of Aurora Innovation in a research note on Thursday, February 13th. Evercore ISI lifted their target price on Aurora Innovation from $5.00 to $6.00 and gave the stock an “in-line” rating in a report on Tuesday, February 18th. Finally, The Goldman Sachs Group upped their price target on Aurora Innovation from $2.00 to $2.50 and gave the company a “sell” rating in a report on Monday, November 4th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Aurora Innovation presently has an average rating of “Hold” and a consensus price target of $7.42.

Aurora Innovation Trading Down 4.5 %

Shares of AUR stock opened at $6.94 on Monday. Aurora Innovation has a 52 week low of $2.10 and a 52 week high of $10.77. The company has a market cap of $12.08 billion, a PE ratio of -14.77 and a beta of 2.85. The company’s fifty day simple moving average is $7.24 and its 200-day simple moving average is $6.20.

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

Institutional Investors Weigh In On Aurora Innovation

Institutional investors have recently bought and sold shares of the business. Twin Tree Management LP grew its stake in Aurora Innovation by 217.2% in the fourth 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. GPS Wealth Strategies Group LLC boosted its stake in Aurora Innovation by 241.7% during 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 stake in Aurora Innovation in the third quarter valued at $59,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Aurora Innovation during the third quarter worth approximately $60,000. Finally, Sigma Planning Corp acquired a new stake in Aurora Innovation in the 3rd quarter valued at about $63,000. 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.