Brokerages Set Aurora Innovation, Inc. (NASDAQ:AUR) Target Price at $10.34

Aurora Innovation, Inc. (NASDAQ:AUR) has been given an average recommendation of “Hold” by the eight research firms that are covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and four have given a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $10.34.

AUR has been the subject of several research reports. The Goldman Sachs Group reduced their price objective on Aurora Innovation from $6.00 to $4.00 and set a “neutral” rating for the company in a report on Wednesday, November 26th. Cantor Fitzgerald restated an “overweight” rating on shares of Aurora Innovation in a research report on Monday, February 9th. Needham & Company LLC reaffirmed a “buy” rating and set a $13.00 price target on shares of Aurora Innovation in a research note on Thursday, February 12th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Aurora Innovation in a research report on Wednesday, January 21st. Finally, TD Cowen lowered their price objective on shares of Aurora Innovation from $5.50 to $4.70 and set a “hold” rating on the stock in a research note on Friday, February 13th.

Aurora Innovation Trading Up 0.7%

Shares of AUR opened at $4.50 on Thursday. Aurora Innovation has a twelve month low of $3.60 and a twelve month high of $8.25. The firm has a market capitalization of $8.77 billion, a P/E ratio of -10.00 and a beta of 2.45. The firm’s 50-day moving average is $4.45 and its two-hundred day moving average is $4.79.

Aurora Innovation (NASDAQ:AUR) last posted its quarterly earnings results on Wednesday, February 11th. The company reported ($0.12) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.12). The company had revenue of $1.00 million for the quarter, compared to analyst estimates of $1.47 million. Analysts predict that Aurora Innovation will post -0.49 EPS for the current year.

More Aurora Innovation News

Here are the key news stories impacting Aurora Innovation this week:

• Positive Sentiment: Cathie Wood’s ARK Autonomous Technology & Robotics ETF (ARKQ) added a large block of AUR shares, increasing institutional ownership and signaling confidence from an influential thematic investor. Cathie Wood’s ARKQ Increases Stake In Aurora Innovation (AUR)
• Positive Sentiment: Operational progress: Aurora expanded the number of routes where its self-driving system can operate and beat the Q4 EPS consensus — a key fundamental driver cited for a recent surge. Why Aurora Innovation Zoomed 11% Higher in February
• Positive Sentiment: Investor outreach: Aurora presented at the Morgan Stanley Technology, Media & Telecom conference, which can help with investor visibility and refresh sell-side coverage/engagement. Aurora Innovation Presents at Morgan Stanley Conference — Transcript
• Neutral Sentiment: Regulatory/regulatory visibility: The NHTSA will host a national self-driving safety forum including Aurora’s CEO alongside Waymo and Zoox — raises Aurora’s profile but could bring heightened regulatory scrutiny. US agency to hold self-driving safety forum with CEOs of Waymo, Zoox, Aurora
• Neutral Sentiment: Reported short-interest spike appears to be a data error: filings show 0 shares short with NaN changes and a 0.0 days-to-cover metric, so this likely won’t drive a short-squeeze narrative absent corrected data. (internal short-interest report)
• Negative Sentiment: Analyst stance: A consensus “Hold” rating was published, which may limit near-term upside from the sell-side until clearer revenue/profitability trends emerge. Aurora Given Consensus Rating of “Hold”

Institutional Trading of Aurora Innovation

Several large investors have recently modified their holdings of the business. Garton & Associates Financial Advisors LLC acquired a new position in shares of Aurora Innovation in the fourth quarter worth $35,000. Danske Bank A S acquired a new stake in shares of Aurora Innovation during the third quarter valued at $36,000. Eurizon Capital SGR S.p.A. acquired a new stake in shares of Aurora Innovation during the fourth quarter valued at $39,000. Stonebridge Financial Group LLC MO purchased a new stake in Aurora Innovation during the 4th quarter worth about $40,000. Finally, Equitable Holdings Inc. purchased a new stake in Aurora Innovation during the 4th quarter worth about $41,000. 44.71% of the stock is currently owned by institutional investors and hedge funds.

About Aurora Innovation

Aurora Innovation, Inc is a technology company specializing in the development of self-driving vehicle systems for both passenger and commercial applications. Headquartered in Mountain View, California, Aurora has built an end-to-end platform—known as the Aurora Driver—that integrates proprietary software, machine learning algorithms and a suite of sensors (LiDAR, radar and cameras) to enable vehicles to operate safely and efficiently in diverse driving environments.

The company’s core business revolves around designing, testing and deploying its autonomy stack on vehicles from established automotive and transportation partners.