Aurora Innovation (NASDAQ:AUR) Stock Rating Upgraded by Wall Street Zen

Aurora Innovation (NASDAQ:AUR) was upgraded by stock analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report issued on Saturday.

AUR has been the subject of several other reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Aurora Innovation in a research report on Wednesday, January 21st. Needham & Company LLC reiterated a “buy” rating and set a $13.00 price objective on shares of Aurora Innovation in a research report on Thursday, February 12th. Cantor Fitzgerald reiterated an “overweight” rating on shares of Aurora Innovation in a research report on Monday, February 9th. TD Cowen reduced their price objective on Aurora Innovation from $5.50 to $4.70 and set a “hold” rating for the company in a research report on Friday, February 13th. Finally, The Goldman Sachs Group upped their target price on Aurora Innovation from $4.00 to $5.00 and gave the stock a “neutral” rating in a research report on Friday. Four research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $10.54.

Aurora Innovation Stock Performance

Shares of NASDAQ AUR opened at $5.27 on Friday. The stock has a 50 day simple moving average of $4.43 and a 200-day simple moving average of $4.48. The company has a market cap of $10.27 billion, a PE ratio of -11.71 and a beta of 2.44. Aurora Innovation has a 12-month low of $3.60 and a 12-month high of $8.25.

Aurora Innovation (NASDAQ:AUR) last issued its quarterly earnings data on Wednesday, February 11th. The company reported ($0.12) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.12). The business had revenue of $1.00 million for the quarter, compared to analyst estimates of $1.47 million. Sell-side analysts forecast that Aurora Innovation will post -0.49 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Aurora Innovation

A number of institutional investors have recently added to or reduced their stakes in AUR. Garton & Associates Financial Advisors LLC acquired a new stake in Aurora Innovation in the fourth quarter worth approximately $35,000. Danske Bank A S acquired a new stake in Aurora Innovation in the third quarter worth approximately $36,000. Eurizon Capital SGR S.p.A. acquired a new stake in Aurora Innovation in the fourth quarter worth approximately $39,000. Stonebridge Financial Group LLC MO acquired a new stake in Aurora Innovation in the fourth quarter worth approximately $40,000. Finally, Equitable Holdings Inc. acquired a new stake in Aurora Innovation in the fourth quarter worth approximately $41,000. 44.71% of the stock is currently owned by institutional investors and hedge funds.

About Aurora Innovation

Aurora Innovation, Inc is a technology company specializing in the development of self-driving vehicle systems for both passenger and commercial applications. Headquartered in Mountain View, California, Aurora has built an end-to-end platform—known as the Aurora Driver—that integrates proprietary software, machine learning algorithms and a suite of sensors (LiDAR, radar and cameras) to enable vehicles to operate safely and efficiently in diverse driving environments.

The company’s core business revolves around designing, testing and deploying its autonomy stack on vehicles from established automotive and transportation partners.