Aurora Innovation (NASDAQ:AUR) Price Target Raised to $7.00 at The Goldman Sachs Group

Aurora Innovation (NASDAQ:AUR - Free Report) had its price target boosted by The Goldman Sachs Group from $6.00 to $7.00 in a research report sent to investors on Monday,Benzinga reports. They currently have a neutral rating on the stock.

Several other brokerages have also recently commented on AUR. Evercore ISI lifted 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 note on Tuesday, February 18th. Canaccord Genuity Group lifted their price objective on shares of Aurora Innovation from $10.00 to $15.00 and gave the company a "buy" rating in a research note on Friday, May 2nd. Needham & Company LLC lifted their price objective on shares of Aurora Innovation from $10.00 to $13.00 and gave the company a "buy" rating in a research note on Friday, May 9th. Cantor Fitzgerald restated an "overweight" rating and set a $10.00 price objective on shares of Aurora Innovation in a research note on Thursday, February 13th. Finally, Morgan Stanley started coverage on shares of Aurora Innovation in a research note on Monday, March 3rd. They issued an "overweight" rating and a $12.00 target price for the company. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Aurora Innovation presently has a consensus rating of "Moderate Buy" and a consensus price target of $10.75.

Aurora Innovation Trading Down 1.8%

NASDAQ AUR traded down $0.12 on Monday, hitting $6.70. 40,868,252 shares of the company's stock traded hands, compared to its average volume of 13,036,583. Aurora Innovation has a 1-year low of $2.10 and a 1-year high of $10.77. The firm's 50-day moving average price is $6.79 and its two-hundred day moving average price is $6.84. The firm has a market capitalization of $11.66 billion, a PE ratio of -14.26 and a beta of 2.76.

Aurora Innovation (NASDAQ:AUR - Get Free Report) last announced its quarterly earnings data 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, research 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 large investors have recently made changes to their positions in the company. Barclays PLC raised its position in Aurora Innovation by 431.9% during the third quarter. Barclays PLC now owns 1,709,749 shares of the company's stock worth $10,122,000 after acquiring an additional 1,388,307 shares during the period. JPMorgan Chase & Co. raised its position in Aurora Innovation by 40.1% during the third quarter. JPMorgan Chase & Co. now owns 1,380,479 shares of the company's stock worth $8,172,000 after acquiring an additional 394,933 shares during the period. Harbor Capital Advisors Inc. raised its position in Aurora Innovation by 7.4% during the fourth quarter. Harbor Capital Advisors Inc. now owns 172,129 shares of the company's stock worth $1,084,000 after acquiring an additional 11,870 shares during the period. Breakwater Capital Group raised its position in Aurora Innovation by 79.9% during the fourth quarter. Breakwater Capital Group now owns 64,507 shares of the company's stock worth $406,000 after acquiring an additional 28,656 shares during the period. Finally, Nisa Investment Advisors LLC raised its position in Aurora Innovation by 441.5% during the fourth quarter. Nisa Investment Advisors LLC now owns 108,937 shares of the company's stock worth $686,000 after acquiring an additional 88,821 shares during the period. 44.71% of the stock is currently 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.