Aurora Innovation (NASDAQ:AUR) Earns Outperform Rating from Analysts at Oppenheimer

Oppenheimer started coverage on shares of Aurora Innovation (NASDAQ:AUR) in a report published on Thursday morning, MarketBeat.com reports. The brokerage issued an outperform rating and a $15.00 price objective on the stock.

Several other analysts have also recently issued reports on the stock. Morgan Stanley initiated coverage on shares of Aurora Innovation in a research report on Monday, March 3rd. They set an “overweight” rating and a $12.00 price target on the stock. Canaccord Genuity Group increased their target price on shares of Aurora Innovation from $7.00 to $10.00 and gave the stock a “buy” rating in a report on Wednesday, January 8th. Evercore ISI boosted their price target on shares of Aurora Innovation from $5.00 to $6.00 and gave the stock an “in-line” rating in a research note on Tuesday, February 18th. TD Cowen assumed coverage on Aurora Innovation in a research note on Friday, March 7th. They issued a “hold” rating and a $8.00 price objective on the stock. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $10.00 target price on shares of Aurora Innovation in a research note on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $9.07.

Aurora Innovation Stock Performance

Aurora Innovation stock opened at $6.68 on Thursday. The company has a market capitalization of $11.63 billion, a PE ratio of -14.21 and a beta of 2.82. Aurora Innovation has a fifty-two week low of $2.10 and a fifty-two week high of $10.77. The firm has a 50 day moving average price of $7.28 and a 200 day moving average price of $6.59.

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

Institutional Trading of Aurora Innovation

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Twin Tree Management LP increased its holdings in shares of Aurora Innovation by 217.2% in the 4th quarter. Twin Tree Management LP now owns 4,450 shares of the company’s stock valued at $28,000 after acquiring an additional 3,047 shares during the last quarter. GPS Wealth Strategies Group LLC boosted its holdings in Aurora Innovation by 241.7% in the fourth quarter. GPS Wealth Strategies Group LLC now owns 7,005 shares of the company’s stock valued at $44,000 after purchasing an additional 4,955 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in Aurora Innovation in the third quarter valued at approximately $60,000. Reynders McVeigh Capital Management LLC acquired a new stake in Aurora Innovation during the third quarter worth approximately $63,000. Finally, Grimes & Company Inc. purchased a new stake in shares of Aurora Innovation during the 4th quarter worth approximately $63,000. 44.71% of the stock is currently owned by institutional investors and hedge funds.

Aurora Innovation Company 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.