Aurora Innovation (NASDAQ:AUR) Given Buy Rating at Canaccord Genuity Group

Aurora Innovation (NASDAQ:AUR)‘s stock had its “buy” rating reissued by research analysts at Canaccord Genuity Group in a research note issued on Monday, Benzinga reports. They presently have a $7.00 price target on the stock. Canaccord Genuity Group’s price target points to a potential upside of 22.16% from the stock’s current price.

Aurora Innovation Stock Down 3.9 %

Shares of AUR traded down $0.23 during mid-day trading on Monday, hitting $5.73. 3,452,290 shares of the company traded hands, compared to its average volume of 8,682,658. The company has a market capitalization of $8.90 billion, a PE ratio of -10.33 and a beta of 2.78. The business has a 50 day moving average of $4.31 and a 200 day moving average of $3.35. Aurora Innovation has a 1-year low of $1.60 and a 1-year high of $6.79.

Aurora Innovation (NASDAQ:AUR) last posted its quarterly earnings data on Wednesday, July 31st. The company reported ($0.12) EPS for the quarter, topping the consensus estimate of ($0.13) by $0.01.

Institutional Investors Weigh In On Aurora Innovation

A number of large investors have recently bought and sold shares of AUR. Parallel Advisors LLC lifted its holdings in Aurora Innovation by 91.9% in the fourth quarter. Parallel Advisors LLC now owns 7,100 shares of the company’s stock valued at $31,000 after acquiring an additional 3,400 shares during the period. Nisa Investment Advisors LLC raised its position in shares of Aurora Innovation by 32.0% in the second quarter. Nisa Investment Advisors LLC now owns 19,412 shares of the company’s stock worth $54,000 after acquiring an additional 4,702 shares during the period. Empowered Funds LLC boosted its stake in shares of Aurora Innovation by 44.1% during the 1st quarter. Empowered Funds LLC now owns 17,597 shares of the company’s stock worth $50,000 after acquiring an additional 5,386 shares in the last quarter. Victory Capital Management Inc. increased its stake in shares of Aurora Innovation by 8.1% in the 2nd quarter. Victory Capital Management Inc. now owns 102,199 shares of the company’s stock valued at $283,000 after purchasing an additional 7,624 shares in the last quarter. Finally, American International Group Inc. raised its holdings in Aurora Innovation by 4.6% in the 1st quarter. American International Group Inc. now owns 176,045 shares of the company’s stock worth $496,000 after purchasing an additional 7,773 shares during the period. Hedge funds and other institutional investors own 44.71% of the company’s stock.

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.