Aurora Innovation, Inc. (NASDAQ:AUR) Receives $10.25 Consensus Target Price from Analysts

Shares of Aurora Innovation, Inc. (NASDAQ:AUR - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the nine analysts that are presently covering the firm, Marketbeat reports. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $10.75.

AUR has been the subject of a number of analyst reports. TD Cowen initiated coverage on Aurora Innovation in a research report on Friday, March 7th. They issued a "hold" rating and a $8.00 price target for the company. Oppenheimer started coverage on Aurora Innovation in a research report on Thursday, March 27th. They set an "outperform" rating and a $15.00 price objective for the company. The Goldman Sachs Group lifted their target price on Aurora Innovation from $6.00 to $7.00 and gave the stock a "neutral" rating in a research report on Monday. Cantor Fitzgerald reiterated an "overweight" rating and set a $10.00 target price on shares of Aurora Innovation in a research report on Thursday, February 13th. Finally, 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 research report on Tuesday, February 18th.

Aurora Innovation Stock Down 9.9%

Shares of Aurora Innovation stock traded down $0.73 during mid-day trading on Friday, reaching $6.60. 75,260,611 shares of the stock traded hands, compared to its average volume of 16,061,102. The business has a 50-day moving average of $6.77 and a 200 day moving average of $6.83. Aurora Innovation has a fifty-two week low of $2.10 and a fifty-two week high of $10.77. The stock has a market capitalization of $11.48 billion, a PE ratio of -14.05 and a beta of 2.76.

Aurora Innovation (NASDAQ:AUR - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported ($0.12) EPS for the quarter, missing analysts' consensus estimates of ($0.11) by ($0.01). On average, equities research analysts expect that Aurora Innovation will post -0.49 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Twin Tree Management LP lifted its position in shares of Aurora Innovation by 217.2% during the fourth quarter. Twin Tree Management LP now owns 4,450 shares of the company's stock worth $28,000 after purchasing an additional 3,047 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new position in Aurora Innovation during the 1st quarter valued at $32,000. Signaturefd LLC grew its holdings in Aurora Innovation by 208.0% during the 1st quarter. Signaturefd LLC now owns 5,283 shares of the company's stock worth $36,000 after acquiring an additional 3,568 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Aurora Innovation by 147.3% in the 1st quarter. GAMMA Investing LLC now owns 5,922 shares of the company's stock worth $40,000 after purchasing an additional 3,527 shares during the last quarter. Finally, GPS Wealth Strategies Group LLC raised its stake in shares of Aurora Innovation by 241.7% in the 4th quarter. GPS Wealth Strategies Group LLC now owns 7,005 shares of the company's stock valued at $44,000 after purchasing an additional 4,955 shares in the last quarter. 44.71% of the stock is 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.