Aurora Innovation, Inc. (NASDAQ:AUR) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Shares of Aurora Innovation, Inc. (NASDAQ:AUR - Get Free Report) have earned a consensus rating of "Moderate Buy" from the nine brokerages that are presently covering the firm, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $10.25.

A number of equities research analysts have recently commented on AUR shares. The Goldman Sachs Group raised shares of Aurora Innovation from a "sell" rating to a "neutral" rating and upped their target price for the company from $3.00 to $6.00 in a report on Thursday, April 10th. Cantor Fitzgerald reiterated an "overweight" rating and issued a $10.00 price target on shares of Aurora Innovation in a report on Thursday, February 13th. TD Cowen started coverage on Aurora Innovation in a report on Friday, March 7th. They issued a "hold" rating and a $8.00 target price on the stock. Morgan Stanley began coverage on Aurora Innovation in a research note on Monday, March 3rd. They set an "overweight" rating and a $12.00 price objective on the stock. Finally, Oppenheimer began coverage on shares of Aurora Innovation in a research note on Thursday, March 27th. They issued an "outperform" rating and a $15.00 target price for the company.

Institutional Investors Weigh In On Aurora Innovation

Several large investors have recently modified their holdings of AUR. Twin Tree Management LP grew 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 acquiring an additional 3,047 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new position in Aurora Innovation during the first quarter valued at about $32,000. Signaturefd LLC lifted its holdings in Aurora Innovation by 208.0% in the 1st quarter. Signaturefd LLC now owns 5,283 shares of the company's stock worth $36,000 after purchasing an additional 3,568 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Aurora Innovation by 147.3% during the 1st quarter. GAMMA Investing LLC now owns 5,922 shares of the company's stock worth $40,000 after buying an additional 3,527 shares during the period. Finally, GPS Wealth Strategies Group LLC boosted its holdings 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 valued at $44,000 after acquiring an additional 4,955 shares during the period. 44.71% of the stock is owned by institutional investors.

Aurora Innovation Price Performance

NASDAQ AUR opened at $7.75 on Friday. Aurora Innovation has a 1-year low of $2.10 and a 1-year high of $10.77. The stock has a 50-day moving average of $6.75 and a two-hundred day moving average of $6.81. The company has a market cap of $13.49 billion, a P/E ratio of -16.49 and a beta of 2.76.

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

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.

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