Aurora Innovation (NASDAQ:AUR) Earns Outperform Rating from Analysts at Oppenheimer

Oppenheimer began coverage on shares of Aurora Innovation (NASDAQ:AUR) in a report released on Thursday morning, Marketbeat.com reports. The firm issued an outperform rating and a $15.00 target price on the stock.

AUR has been the topic of several other reports. TD Cowen assumed coverage on Aurora Innovation in a research report on Friday, March 7th. They set a “hold” rating and a $8.00 price target on the stock. Canaccord Genuity Group raised their target price on Aurora Innovation from $7.00 to $10.00 and gave the stock a “buy” rating in a report on Wednesday, January 8th. 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. Morgan Stanley initiated coverage on Aurora Innovation in a research report on Monday, March 3rd. They issued an “overweight” rating and a $12.00 price objective on the stock. Finally, Evercore ISI lifted their target price 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. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $9.07.

Aurora Innovation Stock Up 4.8 %

Shares of NASDAQ AUR opened at $7.46 on Thursday. Aurora Innovation has a 52 week low of $2.10 and a 52 week high of $10.77. The firm has a market cap of $12.98 billion, a P/E ratio of -15.87 and a beta of 2.82. The business’s 50 day moving average price is $7.28 and its 200 day moving average price is $6.56.

Aurora Innovation (NASDAQ:AUR) last released its quarterly earnings data on Wednesday, February 12th. The company reported ($0.11) EPS for the quarter. As a group, research analysts expect that Aurora Innovation will post -0.49 earnings per share for the current year.

Institutional Investors Weigh In On Aurora Innovation

Several institutional investors and hedge funds have recently added to or reduced their stakes in AUR. Uber Technologies Inc purchased a new stake in Aurora Innovation during the 4th quarter worth approximately $2,053,632,000. Toyota Motor Corp acquired a new position in Aurora Innovation in the 4th quarter valued at $298,294,000. Lightspeed Management Company L.L.C. purchased a new position in Aurora Innovation in the 4th quarter valued at $74,003,000. FMR LLC boosted its stake in Aurora Innovation by 206.1% during 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 during the last quarter. Finally, Norges Bank purchased a new stake in shares of Aurora Innovation during the fourth quarter worth $45,772,000. Hedge funds and other 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.