Catalyst Funds Management Pty Ltd Invests $128,000 in Aurora Innovation, Inc. (NASDAQ:AUR)

Catalyst Funds Management Pty Ltd purchased a new position in shares of Aurora Innovation, Inc. (NASDAQ:AUR) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 20,300 shares of the company’s stock, valued at approximately $128,000.

A number of other large investors have also made changes to their positions in AUR. GPS Wealth Strategies Group LLC increased its position 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 acquiring an additional 4,955 shares during the period. Dynamic Technology Lab Private Ltd acquired a new position in shares of Aurora Innovation in the 3rd quarter valued at $60,000. Sigma Planning Corp acquired a new position in shares of Aurora Innovation in the 3rd quarter valued at $63,000. Reynders McVeigh Capital Management LLC acquired a new position in shares of Aurora Innovation in the 3rd quarter valued at $63,000. Finally, Grimes & Company Inc. purchased a new stake in Aurora Innovation in the fourth quarter valued at $63,000. 44.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

AUR has been the topic of several recent research reports. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $10.00 price target on shares of Aurora Innovation in a report on Thursday, February 13th. 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 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 report on Tuesday, February 18th. 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, Wolfe Research began coverage on shares of Aurora Innovation in a report on Tuesday, November 26th. They issued a “peer perform” rating on the stock. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $8.08.

Aurora Innovation Stock Up 11.3 %

AUR stock opened at $6.97 on Monday. The company’s 50-day simple moving average is $7.25 and its 200-day simple moving average is $6.40. Aurora Innovation, Inc. has a 52-week low of $2.10 and a 52-week high of $10.77. The firm has a market cap of $12.13 billion, a P/E ratio of -14.83 and a beta of 2.82.

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

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.