Aurora Innovation, Inc. (NASDAQ:AUR) Position Increased by CoreCap Advisors LLC

CoreCap Advisors LLC increased its position in shares of Aurora Innovation, Inc. (NASDAQ:AUR) by 15.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,177 shares of the company’s stock after acquiring an additional 1,717 shares during the period. CoreCap Advisors LLC’s holdings in Aurora Innovation were worth $83,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Cetera Investment Advisers bought a new position in Aurora Innovation during the fourth quarter valued at about $117,000. Brevan Howard Capital Management LP raised its holdings in Aurora Innovation by 322.2% during the fourth quarter. Brevan Howard Capital Management LP now owns 131,307 shares of the company’s stock valued at $827,000 after buying an additional 100,205 shares in the last quarter. Captrust Financial Advisors raised its holdings in Aurora Innovation by 16.5% during the fourth quarter. Captrust Financial Advisors now owns 948,248 shares of the company’s stock valued at $5,974,000 after buying an additional 134,288 shares in the last quarter. Baird Financial Group Inc. raised its holdings in Aurora Innovation by 37.3% during the fourth quarter. Baird Financial Group Inc. now owns 63,135 shares of the company’s stock valued at $398,000 after buying an additional 17,147 shares in the last quarter. Finally, BNP Paribas Financial Markets bought a new position in Aurora Innovation during the fourth quarter valued at about $719,000. 44.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on AUR shares. Canaccord Genuity Group raised their target price on Aurora Innovation from $10.00 to $15.00 and gave the company a “buy” rating in a report on Friday, May 2nd. TD Cowen started coverage on Aurora Innovation in a report on Friday, March 7th. They set a “hold” rating and a $8.00 target price on the stock. Evercore ISI raised their target price on Aurora Innovation from $5.00 to $6.00 and gave the company an “in-line” rating in a report on Tuesday, February 18th. Needham & Company LLC raised their target price on Aurora Innovation from $10.00 to $13.00 and gave the company a “buy” rating in a report on Friday, May 9th. Finally, Oppenheimer assumed coverage on Aurora Innovation in a research note on Thursday, March 27th. They issued an “outperform” rating and a $15.00 price objective on the stock. Four 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 a consensus rating of “Moderate Buy” and a consensus target price of $10.75.

Aurora Innovation Stock Performance

Aurora Innovation stock opened at $7.32 on Wednesday. The business’s 50-day simple moving average is $6.77 and its 200-day simple moving average is $6.83. The firm has a market capitalization of $12.74 billion, a PE ratio of -15.57 and a beta of 2.76. Aurora Innovation, Inc. has a 52 week low of $2.10 and a 52 week high of $10.77.

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

Aurora Innovation 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.