Aurora Innovation (NASDAQ:AUR) Given New $13.00 Price Target at Needham & Company LLC

Aurora Innovation (NASDAQ:AUR) had its price target increased by Needham & Company LLC from $10.00 to $13.00 in a report released on Friday,Benzinga reports. They currently have a buy rating on the stock.

A number of other equities analysts have also recently weighed in on AUR. Oppenheimer began coverage on shares of Aurora Innovation in a research report on Thursday, March 27th. They issued an “outperform” rating and a $15.00 price objective for the company. Cantor Fitzgerald reissued an “overweight” rating and issued a $10.00 price target on shares of Aurora Innovation in a report on Thursday, February 13th. Morgan Stanley began coverage on Aurora Innovation in a report on Monday, March 3rd. They set an “overweight” rating and a $12.00 price objective on the stock. TD Cowen started coverage on Aurora Innovation in a research note on Friday, March 7th. They set a “hold” rating and a $8.00 target price for the company. Finally, Canaccord Genuity Group lifted their price target on shares of Aurora Innovation from $10.00 to $15.00 and gave the stock a “buy” rating in a research note on Friday, May 2nd. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $10.63.

Aurora Innovation Stock Performance

Shares of NASDAQ:AUR opened at $7.28 on Friday. The business’s 50-day simple moving average is $6.76 and its 200 day simple moving average is $6.82. The company has a market cap of $12.67 billion, a P/E ratio of -15.49 and a beta of 2.76. Aurora Innovation has a one year low of $2.10 and a one year high of $10.77.

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

Hedge Funds Weigh In On Aurora Innovation

A number of large investors have recently bought and sold shares of AUR. Barclays PLC lifted its holdings in shares of Aurora Innovation by 431.9% in the 3rd quarter. Barclays PLC now owns 1,709,749 shares of the company’s stock worth $10,122,000 after purchasing an additional 1,388,307 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Aurora Innovation by 40.1% during the third quarter. JPMorgan Chase & Co. now owns 1,380,479 shares of the company’s stock valued at $8,172,000 after acquiring an additional 394,933 shares during the period. Everence Capital Management Inc. bought a new position in shares of Aurora Innovation during the fourth quarter worth about $164,000. Harbor Capital Advisors Inc. increased its holdings in shares of Aurora Innovation by 7.4% in the 4th quarter. Harbor Capital Advisors Inc. now owns 172,129 shares of the company’s stock worth $1,084,000 after acquiring an additional 11,870 shares during the period. Finally, Breakwater Capital Group boosted its stake in Aurora Innovation by 79.9% during the 4th quarter. Breakwater Capital Group now owns 64,507 shares of the company’s stock valued at $406,000 after purchasing an additional 28,656 shares during the period. 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.