Aurora Innovation, Inc. (NASDAQ:AUR) Receives $6.50 Consensus PT from Brokerages

Shares of Aurora Innovation, Inc. (NASDAQ:AUR) have been given an average rating of “Hold” by the six research firms that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and two have issued a buy recommendation on the company. The average 1-year target price among analysts that have covered the stock in the last year is $6.50.

Several research firms recently issued reports on AUR. Wolfe Research began coverage on shares of Aurora Innovation in a report on Tuesday, November 26th. They issued a “peer perform” rating on the stock. Evercore ISI boosted their target price on shares of 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 boosted their target price on shares of Aurora Innovation from $7.00 to $10.00 and gave the company a “buy” rating in a report on Wednesday, January 8th. The Goldman Sachs Group boosted their target price on shares of Aurora Innovation from $2.00 to $2.50 and gave the company a “sell” rating in a report on Monday, November 4th. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $10.00 target price on shares of Aurora Innovation in a report on Thursday, February 13th.

Hedge Funds Weigh In On Aurora Innovation

Several institutional investors have recently made changes to their positions in AUR. Creative Planning acquired a new position in shares of Aurora Innovation during the third quarter valued at about $652,000. Sterling Investment Advisors Ltd. acquired a new position in shares of Aurora Innovation during the third quarter valued at about $1,184,000. Vanguard Capital Wealth Advisors acquired a new stake in shares of Aurora Innovation in the 3rd quarter worth about $266,000. Harbor Capital Advisors Inc. raised its holdings in shares of Aurora Innovation by 22.2% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 160,259 shares of the company’s stock worth $949,000 after acquiring an additional 29,106 shares during the last quarter. Finally, ASB Consultores LLC raised its holdings in shares of Aurora Innovation by 24.0% in the 3rd quarter. ASB Consultores LLC now owns 15,955 shares of the company’s stock worth $94,000 after acquiring an additional 3,088 shares during the last quarter. Institutional investors and hedge funds own 44.71% of the company’s stock.

Aurora Innovation Stock Performance

Shares of NASDAQ:AUR opened at $7.27 on Friday. The firm has a market cap of $12.65 billion, a PE ratio of -15.47 and a beta of 2.85. The firm’s fifty day moving average is $7.24 and its 200-day moving average is $6.16. Aurora Innovation has a 52 week low of $2.10 and a 52 week high of $10.77.

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

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.