Aurora Innovation (NASDAQ:AUR) Price Target Raised to $6.00

Aurora Innovation (NASDAQ:AUR) had its price target increased by Evercore ISI from $5.00 to $6.00 in a report issued on Tuesday,Benzinga reports. The firm currently has an in-line rating on the stock.

AUR has been the topic of several other reports. TD Cowen increased their target price on Aurora Innovation from $3.00 to $4.00 and gave the stock a “hold” rating in a research report on Thursday, October 31st. Cantor Fitzgerald reissued an “overweight” rating and issued a $10.00 price target on shares of Aurora Innovation in a report on Thursday, February 13th. Wolfe Research started coverage on Aurora Innovation in a report on Tuesday, November 26th. They issued a “peer perform” rating on the stock. The Goldman Sachs Group lifted their target price on shares of Aurora Innovation from $2.00 to $2.50 and gave the stock a “sell” rating in a research report on Monday, November 4th. Finally, Canaccord Genuity Group increased their price objective on Aurora Innovation from $7.00 to $10.00 and gave the stock a “buy” rating in a research note on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Aurora Innovation presently has a consensus rating of “Hold” and a consensus price target of $6.50.

Aurora Innovation Price Performance

NASDAQ:AUR opened at $8.31 on Tuesday. The firm has a market capitalization of $14.28 billion, a PE ratio of -17.68 and a beta of 2.85. Aurora Innovation has a 12 month low of $2.10 and a 12 month high of $10.77. The business’s 50-day moving average is $7.28 and its two-hundred day moving average is $6.01.

Aurora Innovation (NASDAQ:AUR) last issued its quarterly earnings results on Wednesday, February 12th. The company reported ($0.11) EPS for the quarter. Equities analysts anticipate that Aurora Innovation will post -0.49 EPS for the current year.

Insider Activity

In other Aurora Innovation news, Director Gloria R. Boyland sold 30,000 shares of the company’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $6.30, for a total transaction of $189,000.00. Following the completion of the sale, the director now owns 344,647 shares in the company, valued at approximately $2,171,276.10. The trade was a 8.01 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 13.83% of the stock is currently owned by corporate insiders.

Institutional Trading of Aurora Innovation

A number of large investors have recently made changes to their positions in the company. Uber Technologies Inc bought a new position in shares of Aurora Innovation during the 4th quarter worth approximately $2,053,632,000. Toyota Motor Corp bought a new position in shares of Aurora Innovation during the 4th quarter worth approximately $298,294,000. Baillie Gifford & Co. lifted its stake in shares of Aurora Innovation by 17.2% during the 3rd quarter. Baillie Gifford & Co. now owns 84,904,647 shares of the company’s stock worth $502,636,000 after buying an additional 12,466,085 shares during the last quarter. Lightspeed Management Company L.L.C. acquired a new stake in Aurora Innovation during the 4th quarter worth approximately $74,003,000. Finally, FMR LLC raised its stake in Aurora Innovation by 206.1% in the 3rd quarter. FMR LLC now owns 13,848,530 shares of the company’s stock worth $81,983,000 after purchasing an additional 9,325,013 shares in the last quarter. Institutional investors 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.