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

Aurora Innovation, Inc. (NASDAQ:AUR - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the nine analysts that are currently covering the stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $10.75.

A number of equities analysts have commented on the stock. Morgan Stanley began coverage on shares of Aurora Innovation in a report on Monday, March 3rd. They issued an "overweight" rating and a $12.00 price objective for the company. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $10.00 price objective on shares of Aurora Innovation in a research report on Thursday, February 13th. Needham & Company LLC raised their target price on shares of Aurora Innovation from $10.00 to $13.00 and gave the stock a "buy" rating in a report on Friday, May 9th. Canaccord Genuity Group lifted their target price on Aurora Innovation from $10.00 to $15.00 and gave the company a "buy" rating in a research note on Friday, May 2nd. Finally, Oppenheimer initiated coverage on Aurora Innovation in a report on Thursday, March 27th. They issued an "outperform" rating and a $15.00 price target on the stock.

Aurora Innovation Price Performance

NASDAQ:AUR traded up $0.04 during mid-day trading on Tuesday, reaching $5.81. The stock had a trading volume of 16,113,690 shares, compared to its average volume of 13,569,539. The company has a market capitalization of $10.28 billion, a price-to-earnings ratio of -12.36 and a beta of 2.76. Aurora Innovation has a 1-year low of $2.10 and a 1-year high of $10.77. The stock's 50 day simple moving average is $6.54 and its two-hundred day simple moving average is $6.89.

Aurora Innovation (NASDAQ:AUR - Get Free Report) last issued 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). Sell-side analysts anticipate that Aurora Innovation will post -0.49 EPS for the current fiscal year.

Hedge Funds Weigh In On Aurora Innovation

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Rhumbline Advisers raised its stake in Aurora Innovation by 1.8% during the 1st quarter. Rhumbline Advisers now owns 1,410,036 shares of the company's stock valued at $9,482,000 after acquiring an additional 24,584 shares in the last quarter. Strs Ohio acquired a new position in shares of Aurora Innovation during the first quarter valued at $746,000. Acadian Asset Management LLC bought a new stake in shares of Aurora Innovation during the first quarter valued at about $1,174,000. Intech Investment Management LLC lifted its holdings in Aurora Innovation by 41.7% in the first quarter. Intech Investment Management LLC now owns 620,181 shares of the company's stock worth $4,171,000 after purchasing an additional 182,573 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Aurora Innovation by 6.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,046,760 shares of the company's stock valued at $13,764,000 after buying an additional 127,953 shares in the last quarter. 44.71% of the stock is currently 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.