Evercore ISI Raises Aurora Innovation (NASDAQ:AUR) Price Target to $5.00

Aurora Innovation (NASDAQ:AUR) had its price objective increased by Evercore ISI from $3.00 to $5.00 in a research report released on Monday, Benzinga reports. The brokerage currently has an in-line rating on the stock.

Separately, Canaccord Genuity Group reiterated a buy rating and set a $7.00 price target on shares of Aurora Innovation in a report on Monday, September 30th.

Aurora Innovation Stock Performance

Shares of NASDAQ:AUR opened at $5.83 on Monday. Aurora Innovation has a 52-week low of $1.60 and a 52-week high of $6.79. The company has a market capitalization of $9.15 billion, a PE ratio of -11.76 and a beta of 2.80. The company has a fifty day moving average of $4.60 and a 200-day moving average of $3.58.

Aurora Innovation (NASDAQ:AUR) last issued its earnings results on Wednesday, July 31st. The company reported ($0.12) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.01.

Institutional Trading of Aurora Innovation

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AUR. Sequoia Financial Advisors LLC acquired a new stake in Aurora Innovation during the 2nd quarter worth about $30,000. Profund Advisors LLC acquired a new stake in Aurora Innovation during the second quarter worth approximately $46,000. Empowered Funds LLC increased its holdings in Aurora Innovation by 44.1% in the first quarter. Empowered Funds LLC now owns 17,597 shares of the company’s stock worth $50,000 after purchasing an additional 5,386 shares in the last quarter. Vanguard Personalized Indexing Management LLC acquired a new position in Aurora Innovation in the second quarter valued at approximately $51,000. Finally, Diversified Portfolios Inc. bought a new position in shares of Aurora Innovation during the 2nd quarter worth approximately $54,000. Institutional investors and hedge funds 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.