Aurora Innovation (NASDAQ:AUR) Shares Gap Up – Still a Buy?

by · The Cerbat Gem

Shares of Aurora Innovation, Inc. (NASDAQ:AUR – Get Free Report) gapped up before the market opened on Monday . The stock had previously closed at $6.88, but opened at $7.18. Aurora Innovation shares last traded at $7.45, with a volume of 3,553,177 shares traded.

Wall Street Analysts Forecast Growth

AUR has been the topic of a number of research reports. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $10.00 price target on shares of Aurora Innovation in a research note on Thursday, February 13th. The Goldman Sachs Group upgraded Aurora Innovation from a “sell” rating to a “neutral” rating and boosted their price target for the stock from $3.00 to $6.00 in a research report on Thursday, April 10th. Needham & Company LLC began coverage on shares of Aurora Innovation in a research note on Tuesday, April 15th. They set a “buy” rating and a $10.00 target price on the stock. Evercore ISI increased their target price on shares of Aurora Innovation from $5.00 to $6.00 and gave the company an “in-line” rating in a research report on Tuesday, February 18th. Finally, Oppenheimer started coverage on shares of Aurora Innovation in a research report on Thursday, March 27th. They set an “outperform” rating and a $15.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, Aurora Innovation has an average rating of “Moderate Buy” and a consensus price target of $9.63.

Check Out Our Latest Stock Report on Aurora Innovation

Aurora Innovation Price Performance

The business’s 50 day simple moving average is $6.75 and its 200 day simple moving average is $6.73. The company has a market capitalization of $12.17 billion, a PE ratio of -14.80 and a beta of 2.77.

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

Institutional Trading of Aurora Innovation

Large investors have recently made changes to their positions in the company. Uber Technologies Inc acquired a new stake in Aurora Innovation in the fourth quarter valued at $2,053,632,000. Toyota Motor Corp purchased a new position in shares of Aurora Innovation in the 4th quarter valued at about $298,294,000. Lightspeed Management Company L.L.C. acquired a new stake in shares of Aurora Innovation during the 4th quarter worth about $74,003,000. Norges Bank purchased a new stake in Aurora Innovation during the fourth quarter worth approximately $45,772,000. Finally, Price T Rowe Associates Inc. MD boosted its holdings in Aurora Innovation by 13.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 26,671,319 shares of the company’s stock valued at $168,030,000 after purchasing an additional 3,237,609 shares in the last quarter. 44.71% of the stock is currently owned by hedge funds and other institutional investors.

About Aurora Innovation

(Get Free Report)

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.

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