Aurora Innovation, Inc. (NASDAQ:AUR - Get Free Report) shares gapped up before the market opened on Monday . The stock had previously closed at $7.27, but opened at $7.79. Aurora Innovation shares last traded at $7.44, with a volume of 3,052,283 shares changing hands.
A number of brokerages recently commented on AUR. Evercore ISI lifted their price objective on Aurora Innovation from $5.00 to $6.00 and gave the stock an "in-line" rating in a research report on Tuesday, February 18th. Morgan Stanley initiated coverage on shares of Aurora Innovation in a research report on Monday. They set an "overweight" rating and a $12.00 price target for the company. Wolfe Research assumed coverage on shares of Aurora Innovation in a report on Tuesday, November 26th. They issued a "peer perform" rating on the stock. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $10.00 target price on shares of Aurora Innovation in a report on Thursday, February 13th. Finally, Canaccord Genuity Group increased their price target on Aurora Innovation from $7.00 to $10.00 and gave the company a "buy" rating in a research note on Wednesday, January 8th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $7.42.
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The stock has a market cap of $12.60 billion, a price-to-earnings ratio of -15.40 and a beta of 2.85. The stock's fifty day moving average is $7.24 and its 200-day moving average is $6.25.
Aurora Innovation (NASDAQ:AUR - Get Free Report) last announced its quarterly earnings results on Wednesday, February 12th. The company reported ($0.11) earnings per share (EPS) for the quarter. As a group, equities research analysts predict that Aurora Innovation, Inc. will post -0.49 earnings per share for the current fiscal year.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. lifted its holdings in shares of Aurora Innovation by 40.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,380,479 shares of the company's stock valued at $8,172,000 after purchasing an additional 394,933 shares in the last quarter. Citigroup Inc. raised its holdings in Aurora Innovation by 229.4% during the 3rd quarter. Citigroup Inc. now owns 705,181 shares of the company's stock worth $4,175,000 after buying an additional 491,125 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in Aurora Innovation by 26.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 8,424,827 shares of the company's stock valued at $49,875,000 after buying an additional 1,776,513 shares in the last quarter. ARK Investment Management LLC boosted its holdings in shares of Aurora Innovation by 14.9% in the fourth quarter. ARK Investment Management LLC now owns 2,412,353 shares of the company's stock valued at $15,198,000 after buying an additional 312,144 shares during the period. Finally, State Street Corp increased its position in shares of Aurora Innovation by 15.2% during the third quarter. State Street Corp now owns 22,183,252 shares of the company's stock worth $131,325,000 after acquiring an additional 2,920,653 shares in the last quarter. 44.71% of the stock is owned by institutional investors and hedge funds.
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.
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