Raymond James Financial Inc. Buys New Shares in Aurora Innovation, Inc. (NASDAQ:AUR)

Raymond James Financial Inc. acquired a new position in Aurora Innovation, Inc. (NASDAQ:AUR - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 111,471 shares of the company's stock, valued at approximately $702,000.

Several other hedge funds have also recently made changes to their positions in AUR. Twin Tree Management LP boosted its position in shares of Aurora Innovation by 217.2% during the fourth quarter. Twin Tree Management LP now owns 4,450 shares of the company's stock valued at $28,000 after purchasing an additional 3,047 shares in the last quarter. GPS Wealth Strategies Group LLC lifted its position in Aurora Innovation by 241.7% during the fourth quarter. GPS Wealth Strategies Group LLC now owns 7,005 shares of the company's stock valued at $44,000 after buying an additional 4,955 shares during the period. Grimes & Company Inc. bought a new stake in shares of Aurora Innovation during the 4th quarter valued at $63,000. Yousif Capital Management LLC purchased a new stake in shares of Aurora Innovation in the 4th quarter worth about $65,000. Finally, Avantax Advisory Services Inc. bought a new position in shares of Aurora Innovation in the 4th quarter worth about $65,000. 44.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on AUR shares. TD Cowen initiated coverage on shares of Aurora Innovation in a report on Friday, March 7th. They issued a "hold" rating and a $8.00 price objective on the stock. Needham & Company LLC raised their price objective on Aurora Innovation from $10.00 to $13.00 and gave the company a "buy" rating in a research report on Friday. The Goldman Sachs Group raised Aurora Innovation from a "sell" rating to a "neutral" rating and boosted their target price for the stock from $3.00 to $6.00 in a report on Thursday, April 10th. Evercore ISI raised their price target on Aurora Innovation from $5.00 to $6.00 and gave the company an "in-line" rating in a report on Tuesday, February 18th. Finally, Oppenheimer initiated coverage on shares of Aurora Innovation in a research report on Thursday, March 27th. They set an "outperform" rating and a $15.00 price objective on the stock. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Aurora Innovation currently has a consensus rating of "Moderate Buy" and an average price target of $10.63.

Aurora Innovation Stock Down 6.1 %

Shares of NASDAQ AUR traded down $0.47 during trading on Friday, reaching $7.28. 19,066,098 shares of the company traded hands, compared to its average volume of 11,999,702. The firm has a 50 day simple moving average of $6.75 and a 200-day simple moving average of $6.81. Aurora Innovation, Inc. has a 52-week low of $2.10 and a 52-week high of $10.77. The stock has a market capitalization of $12.67 billion, a PE ratio of -15.49 and a beta of 2.76.

Aurora Innovation (NASDAQ:AUR - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported ($0.12) EPS for the quarter, missing analysts' consensus estimates of ($0.11) by ($0.01). As a group, research analysts predict that Aurora Innovation, Inc. will post -0.49 EPS for the current year.

Aurora Innovation 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.