TD Cowen Boosts Aurora Innovation (NASDAQ:AUR) Price Target to $4.00

Aurora Innovation (NASDAQ:AUR) had its price objective lifted by research analysts at TD Cowen from $3.00 to $4.00 in a research note issued to investors on Thursday, Benzinga reports. The firm currently has a “hold” rating on the stock. TD Cowen’s price target suggests a potential downside of 19.68% from the company’s previous close.

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

Aurora Innovation Stock Down 25.0 %

Shares of Aurora Innovation stock traded down $1.66 during mid-day trading on Thursday, reaching $4.98. 14,348,137 shares of the stock traded hands, compared to its average volume of 8,555,813. The business has a 50-day moving average of $5.30 and a 200 day moving average of $3.87. Aurora Innovation has a fifty-two week low of $1.64 and a fifty-two week high of $7.01. The stock has a market capitalization of $7.81 billion, a PE ratio of -10.16 and a beta of 2.80.

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

Institutional Trading of Aurora Innovation

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Amalgamated Bank raised its stake in Aurora Innovation by 10.0% in 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 increased its position in shares of Aurora Innovation by 24.0% during the third quarter. ASB Consultores LLC now owns 15,955 shares of the company’s stock worth $94,000 after purchasing an additional 3,088 shares in the last quarter. Nisa Investment Advisors LLC increased its position in shares of Aurora Innovation by 32.0% during the second quarter. Nisa Investment Advisors LLC now owns 19,412 shares of the company’s stock worth $54,000 after purchasing an additional 4,702 shares in the last quarter. Empowered Funds LLC increased its position in shares of Aurora Innovation by 44.1% during the first quarter. Empowered Funds LLC now owns 17,597 shares of the company’s stock worth $50,000 after purchasing an additional 5,386 shares in the last quarter. Finally, Victory Capital Management Inc. increased its position in shares of Aurora Innovation by 8.1% during the second quarter. Victory Capital Management Inc. now owns 102,199 shares of the company’s stock worth $283,000 after purchasing an additional 7,624 shares in the last quarter. 44.71% of the stock is currently owned by institutional investors and hedge funds.

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.