Brokerages Set Aurora Innovation, Inc. (NASDAQ:AUR) Target Price at $9.57

Aurora Innovation, Inc. (NASDAQ:AUR) has been assigned an average rating of “Moderate Buy” from the nine analysts that are currently covering the firm, Marketbeat reports. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $9.63.

A number of equities analysts have recently weighed in on the stock. Oppenheimer initiated coverage on shares of Aurora Innovation in a research report on Thursday, March 27th. They issued an “outperform” rating and a $15.00 price objective for the company. Cantor Fitzgerald reiterated an “overweight” rating and issued a $10.00 price target on shares of Aurora Innovation in a report on Thursday, February 13th. Morgan Stanley initiated coverage on Aurora Innovation in a report on Monday, March 3rd. They set an “overweight” rating and a $12.00 price objective on the stock. The Goldman Sachs Group upgraded 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. Finally, 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 research note on Tuesday, February 18th.

Aurora Innovation Price Performance

Shares of Aurora Innovation stock opened at $6.11 on Monday. The business has a 50 day moving average price of $7.03 and a 200 day moving average price of $6.68. The company has a market capitalization of $10.63 billion, a P/E ratio of -13.00 and a beta of 2.77. Aurora Innovation has a 1 year low of $2.10 and a 1 year high of $10.77.

Aurora Innovation (NASDAQ:AUR) last issued its quarterly earnings data on Wednesday, February 12th. The company reported ($0.11) earnings per share (EPS) for the quarter. As a group, research analysts expect that Aurora Innovation will post -0.49 EPS for the current fiscal year.

Hedge Funds Weigh In On Aurora Innovation

Large investors have recently modified their holdings of the company. Garden State Investment Advisory Services LLC purchased a new stake in Aurora Innovation during the 3rd quarter worth $192,000. HighTower Advisors LLC lifted its stake in shares of Aurora Innovation by 13.9% during the third quarter. HighTower Advisors LLC now owns 95,450 shares of the company’s stock worth $566,000 after purchasing an additional 11,628 shares in the last quarter. State Street Corp boosted its position in shares of Aurora Innovation by 15.2% in the third quarter. State Street Corp now owns 22,183,252 shares of the company’s stock worth $131,325,000 after buying an additional 2,920,653 shares during the period. Wellington Management Group LLP grew its stake in shares of Aurora Innovation by 173.9% in the third quarter. Wellington Management Group LLP now owns 2,381,589 shares of the company’s stock valued at $14,099,000 after buying an additional 1,512,061 shares in the last quarter. Finally, Barclays PLC raised its holdings in shares of Aurora Innovation by 431.9% during the 3rd quarter. Barclays PLC now owns 1,709,749 shares of the company’s stock valued at $10,122,000 after buying an additional 1,388,307 shares during the period. 44.71% of the stock is currently owned by hedge funds and other institutional investors.

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.