Aurora Innovation (NASDAQ:AUR) Coverage Initiated by Analysts at TD Cowen

TD Cowen initiated coverage on shares of Aurora Innovation (NASDAQ:AUR) in a research note issued to investors on Friday morning, Marketbeat.com reports. The brokerage issued a hold rating and a $8.00 price objective on the stock.

Other equities research analysts also recently issued research reports about the stock. Wolfe Research began coverage on shares of Aurora Innovation in a research report on Tuesday, November 26th. They issued a “peer perform” rating for the company. Morgan Stanley began coverage on shares of Aurora Innovation in a research report on Monday, March 3rd. They issued an “overweight” rating and a $12.00 price target for the company. Canaccord Genuity Group upped their price target on shares of Aurora Innovation from $7.00 to $10.00 and gave the company a “buy” rating in a research report on Wednesday, January 8th. Evercore ISI upped their price target on shares of Aurora Innovation from $5.00 to $6.00 and gave the company an “in-line” rating in a research report on Tuesday, February 18th. 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 analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Aurora Innovation currently has an average rating of “Hold” and a consensus target price of $8.08.

Aurora Innovation Price Performance

AUR stock opened at $7.10 on Friday. Aurora Innovation has a 12 month low of $2.10 and a 12 month high of $10.77. The firm has a market cap of $12.36 billion, a PE ratio of -15.11 and a beta of 2.82. The firm has a 50 day simple moving average of $7.24 and a 200 day simple moving average of $6.32.

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

Institutional Investors Weigh In On Aurora Innovation

Institutional investors and hedge funds have recently modified their holdings of the business. Twin Tree Management LP lifted its stake 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 purchasing an additional 3,047 shares during the last quarter. GPS Wealth Strategies Group LLC lifted its stake in shares of Aurora Innovation by 241.7% in the 4th 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 during the last quarter. Souders Financial Advisors acquired a new stake in shares of Aurora Innovation in the 3rd quarter valued at $59,000. Grimes & Company Inc. acquired a new stake in shares of Aurora Innovation in the 4th quarter valued at $63,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of Aurora Innovation in the 3rd quarter valued at $60,000. Institutional investors and hedge funds own 44.71% of the company’s stock.

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.