Aurora Innovation (NASDAQ:AUR) Now Covered by Analysts at TD Cowen

TD Cowen initiated coverage on shares of Aurora Innovation (NASDAQ:AUR) in a report issued on Friday, Marketbeat.com reports. The firm issued a hold rating and a $8.00 price target on the stock.

Other equities research analysts have also recently issued reports about the stock. Cantor Fitzgerald reissued an “overweight” rating and issued a $10.00 price objective on shares of Aurora Innovation in a research report on Thursday, February 13th. Morgan Stanley assumed coverage on shares of Aurora Innovation in a research report on Monday, March 3rd. They issued an “overweight” rating and a $12.00 price objective for the company. Canaccord Genuity Group upped their price target on shares of Aurora Innovation from $7.00 to $10.00 and gave the stock a “buy” rating in a research 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 stock an “in-line” rating in a research report on Tuesday, February 18th. Finally, Wolfe Research assumed coverage on shares of Aurora Innovation in a research report on Tuesday, November 26th. They issued a “peer perform” rating for the company. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $8.08.

Aurora Innovation Price Performance

Aurora Innovation stock opened at $7.10 on Friday. The stock has a market cap of $12.36 billion, a price-to-earnings ratio of -15.11 and a beta of 2.82. Aurora Innovation has a 1 year low of $2.10 and a 1 year high of $10.77. The firm has a 50-day moving average of $7.24 and a two-hundred day moving average of $6.28.

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

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. Uber Technologies Inc bought a new position in shares of Aurora Innovation during the 4th quarter worth approximately $2,053,632,000. Vanguard Group Inc. raised its stake in shares of Aurora Innovation by 2.4% during the 4th quarter. Vanguard Group Inc. now owns 113,020,406 shares of the company’s stock worth $712,029,000 after acquiring an additional 2,687,191 shares in the last quarter. Baillie Gifford & Co. raised its stake in shares of Aurora Innovation by 17.2% during the 3rd quarter. Baillie Gifford & Co. now owns 84,904,647 shares of the company’s stock worth $502,636,000 after acquiring an additional 12,466,085 shares in the last quarter. Toyota Motor Corp bought a new position in shares of Aurora Innovation during the 4th quarter worth approximately $298,294,000. Finally, Price T Rowe Associates Inc. MD raised its stake in shares of Aurora Innovation by 13.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 26,671,319 shares of the company’s stock worth $168,030,000 after acquiring an additional 3,237,609 shares in the last quarter. 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.