Analysts Set Aurora Innovation, Inc. (NASDAQ:AUR) Price Target at $10.34

Aurora Innovation, Inc. (NASDAQ:AUR) has been assigned an average rating of “Hold” from the eight ratings firms that are presently covering the firm, Marketbeat reports. Two equities 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 12-month price objective among brokerages that have issued a report on the stock in the last year is $10.34.

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

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in shares of Aurora Innovation by 3.4% during the 3rd quarter. Vanguard Group Inc. now owns 142,749,144 shares of the company’s stock worth $769,418,000 after purchasing an additional 4,740,588 shares during the period. Sumitomo Mitsui Trust Group Inc. raised its holdings in Aurora Innovation by 17.7% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 7,264,577 shares of the company’s stock valued at $39,156,000 after buying an additional 1,094,021 shares during the period. Bank Pictet & Cie Europe AG purchased a new stake in Aurora Innovation in the 3rd quarter valued at about $18,326,000. IQ EQ FUND MANAGEMENT IRELAND Ltd lifted its position in Aurora Innovation by 230.5% in the third quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 647,096 shares of the company’s stock valued at $3,488,000 after buying an additional 451,315 shares during the last quarter. Finally, XTX Topco Ltd lifted its position in Aurora Innovation by 530.3% in the second quarter. XTX Topco Ltd now owns 228,035 shares of the company’s stock valued at $1,195,000 after buying an additional 191,855 shares during the last quarter. 44.71% of the stock is currently owned by institutional investors and hedge funds.

Aurora Innovation Stock Performance

NASDAQ:AUR opened at $4.15 on Monday. Aurora Innovation has a one year low of $3.60 and a one year high of $8.25. The stock has a market cap of $8.09 billion, a PE ratio of -9.22 and a beta of 2.44. The stock has a 50 day moving average price of $4.37 and a 200 day moving average price of $4.57.

Aurora Innovation (NASDAQ:AUR) last released its quarterly earnings data on Wednesday, February 11th. The company reported ($0.12) earnings per share for the quarter, hitting analysts’ consensus estimates 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, analysts predict that Aurora Innovation will post -0.49 earnings per share for the current fiscal year.

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.