FY2025 EPS Estimate for Aurora Innovation Lifted by Analyst

Aurora Innovation, Inc. (NASDAQ:AUR - Free Report) - Equities research analysts at Cantor Fitzgerald increased their FY2025 earnings per share estimates for shares of Aurora Innovation in a report released on Monday, May 12th. Cantor Fitzgerald analyst A. Sheppard now anticipates that the company will earn ($0.48) per share for the year, up from their prior estimate of ($0.49). Cantor Fitzgerald has a "Overweight" rating and a $10.00 price target on the stock. The consensus estimate for Aurora Innovation's current full-year earnings is ($0.49) per share.

Several other brokerages have also weighed in on AUR. Canaccord Genuity Group increased their price objective on Aurora Innovation from $10.00 to $15.00 and gave the company a "buy" rating in a report on Friday, May 2nd. Evercore ISI raised their price target on Aurora Innovation from $5.00 to $6.00 and gave the stock an "in-line" rating in a report on Tuesday, February 18th. Morgan Stanley initiated 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. Needham & Company LLC raised their price target on Aurora Innovation from $10.00 to $13.00 and gave the stock a "buy" rating in a report on Friday, May 9th. Finally, TD Cowen initiated coverage on Aurora Innovation in a report on Friday, March 7th. They issued a "hold" rating and a $8.00 price target for the company. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Aurora Innovation presently has a consensus rating of "Moderate Buy" and a consensus target price of $10.75.

Aurora Innovation Trading Down 7.4%

Shares of AUR stock traded down $0.50 during trading on Wednesday, hitting $6.21. The company's stock had a trading volume of 23,780,407 shares, compared to its average volume of 13,085,096. The business has a fifty day moving average of $6.79 and a 200-day moving average of $6.85. Aurora Innovation has a 52 week low of $2.10 and a 52 week high of $10.77. The company has a market cap of $10.80 billion, a PE ratio of -13.24 and a beta of 2.76.

Aurora Innovation (NASDAQ:AUR - Get Free Report) last released its 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).

Institutional Investors Weigh In On Aurora Innovation

Hedge funds have recently added to or reduced their stakes in the company. Twin Tree Management LP lifted its stake in Aurora Innovation by 217.2% during 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 during the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new position in Aurora Innovation during the 1st quarter valued at approximately $32,000. Signaturefd LLC raised its position in Aurora Innovation by 208.0% during the 1st quarter. Signaturefd LLC now owns 5,283 shares of the company's stock valued at $36,000 after purchasing an additional 3,568 shares during the last quarter. GAMMA Investing LLC raised its position in shares of Aurora Innovation by 147.3% in the 1st quarter. GAMMA Investing LLC now owns 5,922 shares of the company's stock worth $40,000 after acquiring an additional 3,527 shares in the last quarter. Finally, GPS Wealth Strategies Group LLC raised its position in shares of Aurora Innovation by 241.7% in the 4th quarter. GPS Wealth Strategies Group LLC now owns 7,005 shares of the company's stock worth $44,000 after acquiring an additional 4,955 shares in the last quarter. Institutional investors own 44.71% of the company's stock.

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.