Needham & Company LLC Raises Aurora Innovation (NASDAQ:AUR) Price Target to $13.00

Aurora Innovation (NASDAQ:AUR - Free Report) had its price target lifted by Needham & Company LLC from $10.00 to $13.00 in a report published on Friday,Benzinga reports. Needham & Company LLC currently has a buy rating on the stock.

Several other equities research analysts also recently issued reports on AUR. Morgan Stanley began coverage on Aurora Innovation in a research report on Monday, March 3rd. They issued an "overweight" rating and a $12.00 price target on the stock. Evercore ISI upped their price objective on shares of Aurora Innovation from $5.00 to $6.00 and gave the company an "in-line" rating in a research report on Tuesday, February 18th. Canaccord Genuity Group upped their price objective on shares of Aurora Innovation from $10.00 to $15.00 and gave the company a "buy" rating in a research report on Friday, May 2nd. 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. Finally, TD Cowen assumed coverage on shares of Aurora Innovation in a research report on Friday, March 7th. They set a "hold" rating and a $8.00 price objective for the company. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $10.63.

Aurora Innovation Stock Performance

Shares of NASDAQ:AUR traded down $0.47 during midday trading on Friday, hitting $7.28. The company's stock had a trading volume of 19,066,098 shares, compared to its average volume of 12,015,669. The stock has a market capitalization of $12.67 billion, a price-to-earnings ratio of -15.49 and a beta of 2.76. The stock's 50 day simple moving average is $6.76 and its 200 day simple moving average is $6.82. Aurora Innovation has a fifty-two week low of $2.10 and a fifty-two week high of $10.77.

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

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Twin Tree Management LP raised its position in Aurora Innovation by 217.2% in 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. acquired a new position in Aurora Innovation in the first quarter worth about $32,000. Signaturefd LLC raised its position in Aurora Innovation by 208.0% in the first quarter. Signaturefd LLC now owns 5,283 shares of the company's stock worth $36,000 after purchasing an additional 3,568 shares in the last quarter. GAMMA Investing LLC raised its position in Aurora Innovation by 147.3% in the first quarter. GAMMA Investing LLC now owns 5,922 shares of the company's stock worth $40,000 after purchasing an additional 3,527 shares in the last quarter. Finally, GPS Wealth Strategies Group LLC raised its position in Aurora Innovation by 241.7% in the fourth quarter. GPS Wealth Strategies Group LLC now owns 7,005 shares of the company's stock worth $44,000 after purchasing an additional 4,955 shares in the last quarter. Institutional investors and hedge funds own 44.71% of the company's stock.

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.