OMERS ADMINISTRATION Corp Takes Position in Aurora Innovation, Inc. (NASDAQ:AUR)

OMERS ADMINISTRATION Corp acquired a new position in shares of Aurora Innovation, Inc. (NASDAQ:AUR - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 137,900 shares of the company's stock, valued at approximately $869,000.

Other institutional investors also recently modified their holdings of the company. Twin Tree Management LP raised its holdings in shares of Aurora Innovation by 217.2% in the fourth quarter. Twin Tree Management LP now owns 4,450 shares of the company's stock valued at $28,000 after buying an additional 3,047 shares during the last quarter. GPS Wealth Strategies Group LLC increased its position in Aurora Innovation by 241.7% in the 4th 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 in the last quarter. Grimes & Company Inc. bought a new position in shares of Aurora Innovation in the fourth quarter worth about $63,000. Yousif Capital Management LLC acquired a new position in shares of Aurora Innovation during the fourth quarter worth approximately $65,000. Finally, Avantax Advisory Services Inc. bought a new stake in shares of Aurora Innovation during the fourth quarter valued at approximately $65,000. Institutional investors own 44.71% of the company's stock.

Aurora Innovation Stock Down 6.3%

NASDAQ AUR traded down $0.42 during trading on Monday, reaching $6.28. 37,569,099 shares of the stock traded hands, compared to its average volume of 13,137,935. Aurora Innovation, Inc. has a fifty-two week low of $2.10 and a fifty-two week high of $10.77. The firm has a market cap of $10.93 billion, a price-to-earnings ratio of -13.36 and a beta of 2.76. The stock's 50-day moving average price is $6.79 and its 200 day moving average price is $6.85.

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

Analyst Ratings Changes

A number of research analysts have commented on the company. Evercore ISI increased their price objective on Aurora Innovation from $5.00 to $6.00 and gave the company an "in-line" rating in a research report on Tuesday, February 18th. Needham & Company LLC lifted their price objective on Aurora Innovation from $10.00 to $13.00 and gave the stock a "buy" rating in a research report on Friday, May 9th. The Goldman Sachs Group upped their target price 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. TD Cowen started coverage on shares of Aurora Innovation in a research report on Friday, March 7th. They set a "hold" rating and a $8.00 price target for the company. Finally, Cantor Fitzgerald restated an "overweight" rating and issued a $10.00 price objective on shares of Aurora Innovation in a report on Thursday, February 13th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $10.75.

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.