Aurora Innovation (NASDAQ:AUR) Price Target Raised to $15.00 at Canaccord Genuity Group

Aurora Innovation (NASDAQ:AUR) had its price objective increased by Canaccord Genuity Group from $10.00 to $15.00 in a research note published on Friday,Benzinga reports. Canaccord Genuity Group currently has a buy rating on the stock.

Other equities research analysts have also issued research reports about the company. Needham & Company LLC assumed coverage on Aurora Innovation in a research report on Tuesday, April 15th. They set a “buy” rating and a $10.00 price objective on the stock. TD Cowen started coverage on shares of Aurora Innovation in a report on Friday, March 7th. They issued a “hold” rating and a $8.00 price objective for the company. Cantor Fitzgerald reissued an “overweight” rating and set a $10.00 target price on shares of Aurora Innovation in a report on Thursday, February 13th. Oppenheimer began coverage on shares of Aurora Innovation in a report on Thursday, March 27th. They set an “outperform” rating and a $15.00 price target on the stock. Finally, Morgan Stanley initiated coverage on Aurora Innovation in a report on Monday, March 3rd. They issued an “overweight” rating and a $12.00 price objective for the company. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $10.25.

Aurora Innovation Stock Performance

Shares of AUR opened at $8.14 on Friday. Aurora Innovation has a 52-week low of $2.10 and a 52-week high of $10.77. The firm has a market cap of $14.17 billion, a price-to-earnings ratio of -17.32 and a beta of 2.77. The business’s fifty day moving average is $6.72 and its 200-day moving average is $6.77.

Aurora Innovation (NASDAQ:AUR) last posted its quarterly earnings results on Wednesday, February 12th. The company reported ($0.11) earnings per share for the quarter. As a group, research analysts forecast that Aurora Innovation will post -0.49 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Uber Technologies Inc bought a new stake in Aurora Innovation in the fourth quarter worth approximately $2,053,632,000. Toyota Motor Corp bought a new stake in shares of Aurora Innovation in the 4th quarter valued at $298,294,000. Lightspeed Management Company L.L.C. acquired a new position in shares of Aurora Innovation during the 4th quarter valued at $74,003,000. Norges Bank bought a new position in Aurora Innovation during the fourth quarter worth $45,772,000. Finally, Price T Rowe Associates Inc. MD grew 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 worth $168,030,000 after purchasing an additional 3,237,609 shares during the period. 44.71% of the stock is owned by institutional investors and hedge funds.

About Aurora Innovation

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.