Aurora Innovation, Inc. (NASDAQ:AUR) Receives Average Recommendation of “Hold” from Brokerages

Shares of Aurora Innovation, Inc. (NASDAQ:AUR) have been assigned an average recommendation of “Hold” from the eight brokerages that are presently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, two have given a hold recommendation and four have given a buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $10.34.

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

Aurora Innovation Stock Performance

Shares of Aurora Innovation stock opened at $4.45 on Thursday. Aurora Innovation has a one year low of $3.60 and a one year high of $8.25. The company has a market cap of $8.67 billion, a P/E ratio of -9.89 and a beta of 2.45. The firm has a fifty day moving average of $4.49 and a two-hundred day moving average of $4.76.

Aurora Innovation (NASDAQ:AUR) last issued its earnings results on Wednesday, February 11th. The company reported ($0.12) earnings per share for the quarter, meeting the consensus estimate of ($0.12). The firm had revenue of $1.00 million during the quarter, compared to analysts’ expectations of $1.47 million. As a group, equities analysts predict that Aurora Innovation will post -0.49 earnings per share for the current year.

Hedge Funds Weigh In On Aurora Innovation

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