Brokerages Set Aurora Innovation, Inc. (NASDAQ:AUR) Price Target at $10.75

Shares of Aurora Innovation, Inc. (NASDAQ:AUR - Get Free Report) have been given a consensus rating of "Moderate Buy" by the nine research firms that are covering the stock, Marketbeat reports. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $10.75.

AUR has been the subject of a number of recent analyst reports. The Goldman Sachs Group raised their price objective on shares of Aurora Innovation from $6.00 to $7.00 and gave the company a "neutral" rating in a research report on Monday, May 12th. Morgan Stanley started coverage on Aurora Innovation in a report on Monday, March 3rd. They issued an "overweight" rating and a $12.00 price target for the company. Cantor Fitzgerald reissued an "overweight" rating and issued a $10.00 price target on shares of Aurora Innovation in a report on Thursday, February 13th. Canaccord Genuity Group raised their price target on Aurora Innovation from $10.00 to $15.00 and gave the company a "buy" rating in a report on Friday, May 2nd. Finally, Oppenheimer began coverage on Aurora Innovation in a report on Thursday, March 27th. They issued an "outperform" rating and a $15.00 target price for the company.

Aurora Innovation Stock Up 3.9%

Shares of NASDAQ AUR traded up $0.22 during mid-day trading on Tuesday, hitting $5.87. 12,240,023 shares of the company were exchanged, compared to its average volume of 13,630,918. The stock has a 50 day simple moving average of $6.48 and a 200-day simple moving average of $6.88. Aurora Innovation has a 1-year low of $2.17 and a 1-year high of $10.77. The firm has a market cap of $10.38 billion, a price-to-earnings ratio of -12.49 and a beta of 2.59.

Aurora Innovation (NASDAQ:AUR - Get Free Report) last released its 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). Analysts anticipate that Aurora Innovation will post -0.49 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Aurora Innovation

Several hedge funds and other institutional investors have recently bought and sold shares of AUR. Uber Technologies Inc acquired a new position in Aurora Innovation during the fourth quarter worth $2,053,632,000. Toyota Motor Corp acquired a new position in shares of Aurora Innovation during the 4th quarter worth $298,294,000. Lightspeed Management Company L.L.C. acquired a new position in shares of Aurora Innovation during the 4th quarter worth $74,003,000. Norges Bank acquired a new position in shares of Aurora Innovation during the 4th quarter worth $45,772,000. Finally, Price T Rowe Associates Inc. MD raised its stake in shares of Aurora Innovation by 13.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 26,671,319 shares of the company's stock worth $168,030,000 after buying an additional 3,237,609 shares during the last quarter. 44.71% of the stock is owned by institutional investors and hedge funds.

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.