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

Shares of Aurora Innovation, Inc. (NASDAQ:AUR) have earned an average recommendation of “Hold” from the eight analysts that are covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and four have issued a buy recommendation on the company. The average 1 year target price among brokers that have covered the stock in the last year is $10.34.

Several equities analysts have weighed in on the company. TD Cowen dropped their price target on Aurora Innovation from $5.50 to $4.70 and set a “hold” rating for the company in a research report on Friday, February 13th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Aurora Innovation in a research note on Wednesday, January 21st. Cantor Fitzgerald reiterated an “overweight” rating on shares of Aurora Innovation in a research report on Monday, February 9th. Finally, Needham & Company LLC restated a “buy” rating and issued a $13.00 target price on shares of Aurora Innovation in a report on Thursday, February 12th.

Hedge Funds Weigh In On Aurora Innovation

Several institutional investors and hedge funds have recently modified their holdings of AUR. Danske Bank A S purchased a new stake in Aurora Innovation in the 3rd quarter worth approximately $36,000. N.E.W. Advisory Services LLC purchased a new position in shares of Aurora Innovation during the 3rd quarter worth $44,000. Garton & Associates Financial Advisors LLC acquired a new stake in shares of Aurora Innovation during the fourth quarter worth $35,000. Fifth Third Bancorp boosted its holdings in shares of Aurora Innovation by 101.4% during the third quarter. Fifth Third Bancorp now owns 9,930 shares of the company’s stock worth $54,000 after purchasing an additional 5,000 shares during the last quarter. Finally, Ervin Investment Management LLC purchased a new stake in shares of Aurora Innovation in the third quarter valued at $54,000. Hedge funds and other institutional investors own 44.71% of the company’s stock.

Aurora Innovation Price Performance

AUR stock opened at $4.15 on Monday. The company’s 50 day simple moving average is $4.37 and its 200-day simple moving average is $4.59. Aurora Innovation has a 12 month low of $3.60 and a 12 month high of $8.25. The firm has a market capitalization of $8.09 billion, a PE ratio of -9.22 and a beta of 2.44.

Aurora Innovation (NASDAQ:AUR) last issued its quarterly earnings data on Wednesday, February 11th. The company reported ($0.12) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.12). The company had revenue of $1.00 million for the quarter, compared to analyst estimates of $1.47 million. As a group, sell-side analysts anticipate that Aurora Innovation will post -0.49 earnings per share for the current year.

Aurora Innovation Company Profile

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.