Aurora Innovation (NASDAQ:AUR) Stock Price Expected to Rise, TD Cowen Analyst Says

Aurora Innovation (NASDAQ:AUR) had its price target upped by analysts at TD Cowen from $3.00 to $4.00 in a research report issued on Thursday, Benzinga reports. The brokerage presently has a “hold” rating on the stock. TD Cowen’s price target indicates a potential downside of 31.15% from the stock’s current price.

Other research analysts also recently issued reports about the company. Canaccord Genuity Group restated a “buy” rating and set a $7.00 price objective on shares of Aurora Innovation in a research note on Monday, September 30th. Evercore ISI raised their price target on shares of Aurora Innovation from $3.00 to $5.00 and gave the company an “in-line” rating in a research note on Monday, October 14th.

Aurora Innovation Stock Up 11.8 %

Shares of NASDAQ AUR opened at $5.81 on Thursday. The stock has a market capitalization of $9.11 billion, a P/E ratio of -11.61 and a beta of 2.80. Aurora Innovation has a 52-week low of $1.73 and a 52-week high of $7.01. The stock’s 50 day moving average price is $5.33 and its two-hundred day moving average price is $3.88.

Aurora Innovation (NASDAQ:AUR) last released its earnings results on Wednesday, October 30th. The company reported ($0.13) earnings per share for the quarter.

Institutional Investors Weigh In On Aurora Innovation

Institutional investors have recently bought and sold shares of the stock. ARK Investment Management LLC acquired a new stake in Aurora Innovation in the third quarter worth approximately $12,433,000. Amalgamated Bank lifted its stake in Aurora Innovation by 10.0% during the third quarter. Amalgamated Bank now owns 32,006 shares of the company’s stock valued at $189,000 after buying an additional 2,913 shares in the last quarter. ASB Consultores LLC boosted its stake in Aurora Innovation by 24.0% in the 3rd quarter. ASB Consultores LLC now owns 15,955 shares of the company’s stock worth $94,000 after purchasing an additional 3,088 shares during the period. Harbor Capital Advisors Inc. boosted its position in shares of Aurora Innovation by 22.2% in the third quarter. Harbor Capital Advisors Inc. now owns 160,259 shares of the company’s stock worth $949,000 after buying an additional 29,106 shares during the period. Finally, Vanguard Capital Wealth Advisors acquired a new position in Aurora Innovation during the third quarter valued at $266,000. Institutional investors and hedge funds 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.