Aurora Innovation (NASDAQ:AUR) Coverage Initiated by Analysts at Needham & Company LLC

Needham & Company LLC assumed coverage on shares of Aurora Innovation (NASDAQ:AUR - Free Report) in a report published on Tuesday morning, Marketbeat.com reports. The firm issued a buy rating and a $10.00 target price on the stock.

A number of other analysts also recently commented on AUR. Canaccord Genuity Group boosted their target price on Aurora Innovation from $7.00 to $10.00 and gave the stock a "buy" rating in a research report on Wednesday, January 8th. Morgan Stanley assumed coverage on shares of Aurora Innovation in a report on Monday, March 3rd. They set an "overweight" rating and a $12.00 target price for the company. Cantor Fitzgerald reiterated an "overweight" rating and issued a $10.00 price target on shares of Aurora Innovation in a research report on Thursday, February 13th. TD Cowen began coverage on shares of Aurora Innovation in a research note on Friday, March 7th. They set a "hold" rating and a $8.00 price objective for the company. Finally, The Goldman Sachs Group raised Aurora Innovation from a "sell" rating to a "neutral" rating and upped their target price for the company from $3.00 to $6.00 in a research note on Thursday, April 10th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, Aurora Innovation has a consensus rating of "Moderate Buy" and a consensus price target of $9.63.

Aurora Innovation Price Performance

Shares of NASDAQ AUR traded up $0.24 during trading on Tuesday, hitting $6.11. 14,703,266 shares of the company were exchanged, compared to its average volume of 11,563,674. Aurora Innovation has a 1 year low of $2.10 and a 1 year high of $10.77. The company has a market cap of $10.63 billion, a price-to-earnings ratio of -13.00 and a beta of 2.77. The firm's fifty day moving average price is $7.03 and its 200 day moving average price is $6.69.

Aurora Innovation (NASDAQ:AUR - Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The company reported ($0.11) EPS for the quarter. On average, research analysts forecast that Aurora Innovation will post -0.49 earnings per share for the current year.

Hedge Funds Weigh In On Aurora Innovation

Hedge funds have recently made changes to their positions in the stock. Garden State Investment Advisory Services LLC purchased a new position in shares of Aurora Innovation in the 3rd quarter worth $192,000. HighTower Advisors LLC lifted its stake in shares of Aurora Innovation by 13.9% in the 3rd quarter. HighTower Advisors LLC now owns 95,450 shares of the company's stock valued at $566,000 after purchasing an additional 11,628 shares in the last quarter. Barclays PLC increased its position in Aurora Innovation by 431.9% during the 3rd quarter. Barclays PLC now owns 1,709,749 shares of the company's stock worth $10,122,000 after purchasing an additional 1,388,307 shares in the last quarter. Geode Capital Management LLC raised its holdings in Aurora Innovation by 15.5% in the third quarter. Geode Capital Management LLC now owns 22,796,526 shares of the company's stock valued at $134,981,000 after buying an additional 3,064,342 shares during the period. Finally, Virtu Financial LLC acquired a new position in Aurora Innovation during the third quarter valued at approximately $337,000. Institutional investors and hedge funds 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.