Aurora Innovation (NASDAQ:AUR) Now Covered by Analysts at Needham & Company LLC

Needham & Company LLC started coverage on shares of Aurora Innovation (NASDAQ:AUR) in a research report report published on Tuesday morning, MarketBeat.com reports. The firm issued a buy rating and a $10.00 target price on the stock.

Other research analysts have also issued reports about the stock. Cantor Fitzgerald restated an “overweight” rating and set a $10.00 price target on shares of Aurora Innovation in a research report on Thursday, February 13th. Evercore ISI upped their target price 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. Canaccord Genuity Group lifted their price target on Aurora Innovation from $7.00 to $10.00 and gave the company a “buy” rating in a research report on Wednesday, January 8th. Morgan Stanley initiated coverage on shares of Aurora Innovation in a report on Monday, March 3rd. They issued an “overweight” rating and a $12.00 price target on the stock. Finally, Oppenheimer assumed coverage on shares of Aurora Innovation in a research report on Thursday, March 27th. They issued an “outperform” rating and a $15.00 target price for the company. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $9.63.

Aurora Innovation Trading Up 1.8 %

Aurora Innovation stock opened at $6.14 on Tuesday. The firm has a 50 day simple moving average of $7.11 and a 200 day simple moving average of $6.68. Aurora Innovation has a 1-year low of $2.10 and a 1-year high of $10.77. The firm has a market capitalization of $10.69 billion, a price-to-earnings ratio of -13.06 and a beta of 2.77.

Aurora Innovation (NASDAQ:AUR) last announced its quarterly earnings results on Wednesday, February 12th. The company reported ($0.11) earnings per share for the quarter. On average, equities research analysts forecast that Aurora Innovation will post -0.49 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Twin Tree Management LP grew its holdings in Aurora Innovation by 217.2% in the fourth quarter. Twin Tree Management LP now owns 4,450 shares of the company’s stock worth $28,000 after purchasing an additional 3,047 shares during the period. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Aurora Innovation in the 1st quarter worth approximately $32,000. GAMMA Investing LLC increased its position in Aurora Innovation by 147.3% during the 1st quarter. GAMMA Investing LLC now owns 5,922 shares of the company’s stock valued at $40,000 after buying an additional 3,527 shares in the last quarter. GPS Wealth Strategies Group LLC raised its stake in Aurora Innovation by 241.7% during the fourth quarter. GPS Wealth Strategies Group LLC now owns 7,005 shares of the company’s stock valued at $44,000 after buying an additional 4,955 shares during the last quarter. Finally, Grimes & Company Inc. bought a new stake in Aurora Innovation in the fourth quarter worth $63,000. 44.71% of the stock is currently owned by institutional investors.

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.