Schonfeld Strategic Advisors LLC Purchases Shares of 58,370 Aurora Innovation, Inc. (NASDAQ:AUR)

Schonfeld Strategic Advisors LLC purchased a new stake in Aurora Innovation, Inc. (NASDAQ:AUR) in the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 58,370 shares of the company’s stock, valued at approximately $368,000.

Other hedge funds have also recently bought and sold shares of the company. Twin Tree Management LP grew its stake in Aurora Innovation by 217.2% in the fourth quarter. Twin Tree Management LP now owns 4,450 shares of the company’s stock valued at $28,000 after purchasing an additional 3,047 shares in the last quarter. GPS Wealth Strategies Group LLC lifted its position in shares of Aurora Innovation by 241.7% in the fourth quarter. GPS Wealth Strategies Group LLC now owns 7,005 shares of the company’s stock valued at $44,000 after buying an additional 4,955 shares during the last quarter. Grimes & Company Inc. acquired a new stake in shares of Aurora Innovation in the fourth quarter valued at approximately $63,000. Yousif Capital Management LLC acquired a new stake in shares of Aurora Innovation in the fourth quarter valued at approximately $65,000. Finally, Avantax Advisory Services Inc. acquired a new stake in shares of Aurora Innovation in the fourth quarter valued at approximately $65,000. 44.71% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on AUR shares. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $10.00 price objective on shares of Aurora Innovation in a research report on Thursday, February 13th. The Goldman Sachs Group raised Aurora Innovation from a “sell” rating to a “neutral” rating and raised their price objective for the company from $3.00 to $6.00 in a research report on Thursday, April 10th. Canaccord Genuity Group raised their price objective on Aurora Innovation from $10.00 to $15.00 and gave the company a “buy” rating in a research report on Friday, May 2nd. Oppenheimer started coverage on Aurora Innovation in a report on Thursday, March 27th. They set an “outperform” rating and a $15.00 price target for the company. Finally, Morgan Stanley started coverage on Aurora Innovation in a report on Monday, March 3rd. They set an “overweight” rating and a $12.00 price target for the company. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Aurora Innovation currently has an average rating of “Moderate Buy” and an average target price of $10.63.

Aurora Innovation Trading Down 6.1%

NASDAQ:AUR opened at $7.28 on Monday. The stock has a market cap of $12.67 billion, a P/E ratio of -15.49 and a beta of 2.76. The stock has a 50 day simple moving average of $6.76 and a 200 day simple moving average of $6.82. Aurora Innovation, Inc. has a 1-year low of $2.10 and a 1-year high of $10.77.

Aurora Innovation (NASDAQ:AUR) last announced its quarterly earnings data on Thursday, May 8th. The company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.01). As a group, sell-side analysts forecast that Aurora Innovation, Inc. will post -0.49 EPS for the current year.

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.