Aurora Innovation (NASDAQ:AUR) Upgraded to Hold at Wall Street Zen

Wall Street Zen upgraded shares of Aurora Innovation (NASDAQ:AUR) from a sell rating to a hold rating in a research note released on Saturday.

Other equities analysts have also issued research reports about the company. The Goldman Sachs Group increased their target price on Aurora Innovation from $4.00 to $5.00 and gave the company a “neutral” rating in a research note on Friday. TD Cowen cut their target price on Aurora Innovation from $5.50 to $4.70 and set a “hold” rating on the stock in a research note on Friday, February 13th. Weiss Ratings reissued a “sell (d-)” rating on shares of Aurora Innovation in a research note on Wednesday, January 21st. Cantor Fitzgerald reissued an “overweight” rating on shares of Aurora Innovation in a research note on Monday, February 9th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $13.00 target price on shares of Aurora Innovation in a research note on Thursday, February 12th. Four investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $10.54.

Aurora Innovation Stock Up 1.9%

Aurora Innovation stock opened at $5.27 on Friday. The business’s 50-day simple moving average is $4.43 and its 200 day simple moving average is $4.49. The stock has a market cap of $10.27 billion, a price-to-earnings 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 posted its quarterly earnings results on Wednesday, February 11th. The company reported ($0.12) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.12). The firm had revenue of $1.00 million during the quarter, compared to the consensus estimate of $1.47 million. As a group, sell-side analysts expect that Aurora Innovation will post -0.49 EPS for the current year.

Hedge Funds Weigh In On Aurora Innovation

Several hedge funds have recently added to or reduced their stakes in the stock. Sheets Smith Wealth Management lifted its stake in Aurora Innovation by 46.0% in the first quarter. Sheets Smith Wealth Management now owns 71,880 shares of the company’s stock valued at $296,000 after buying an additional 22,635 shares during the period. Triad Wealth Partners LLC acquired a new stake in shares of Aurora Innovation during the first quarter worth about $43,000. Rockefeller Capital Management L.P. raised its position in shares of Aurora Innovation by 152.4% during the fourth quarter. Rockefeller Capital Management L.P. now owns 35,880 shares of the company’s stock worth $138,000 after purchasing an additional 21,665 shares during the period. Osbon Capital Management LLC acquired a new stake in shares of Aurora Innovation during the fourth quarter worth about $67,000. Finally, World Investment Advisors raised its position in shares of Aurora Innovation by 7.4% during the fourth quarter. World Investment Advisors now owns 34,812 shares of the company’s stock worth $134,000 after purchasing an additional 2,406 shares during the period. Institutional investors and hedge funds own 44.71% of the company’s stock.

Aurora Innovation Company Profile

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.