Aurora Innovation (NASDAQ:AUR) Given New $5.00 Price Target at Evercore ISI

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

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

Aurora Innovation Trading Up 1.4 %

Shares of AUR stock opened at $5.83 on Monday. The firm’s fifty day moving average price is $4.60 and its two-hundred day moving average price is $3.58. Aurora Innovation has a 1 year low of $1.60 and a 1 year high of $6.79. The firm has a market capitalization of $9.15 billion, a P/E ratio of -11.76 and a beta of 2.80.

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

Institutional Trading of Aurora Innovation

Several institutional investors and hedge funds have recently bought and sold shares of AUR. Baillie Gifford & Co. raised its position in shares of Aurora Innovation by 78.4% in the second quarter. Baillie Gifford & Co. now owns 72,438,562 shares of the company’s stock valued at $200,655,000 after purchasing an additional 31,841,994 shares during the period. Vanguard Group Inc. lifted its position in Aurora Innovation by 5.9% during the fourth quarter. Vanguard Group Inc. now owns 83,516,588 shares of the company’s stock worth $364,967,000 after acquiring an additional 4,625,559 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Aurora Innovation by 273.5% during the second quarter. Bank of New York Mellon Corp now owns 5,190,426 shares of the company’s stock worth $14,377,000 after acquiring an additional 3,800,901 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Aurora Innovation by 23.1% in the second quarter. Dimensional Fund Advisors LP now owns 13,337,429 shares of the company’s stock valued at $36,941,000 after purchasing an additional 2,502,002 shares during the last quarter. Finally, Rhumbline Advisers increased its stake in shares of Aurora Innovation by 114.7% during the second quarter. Rhumbline Advisers now owns 1,160,176 shares of the company’s stock worth $3,214,000 after purchasing an additional 619,791 shares during the period. 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.