Aurora Innovation (NASDAQ:AUR) Earns “Buy” Rating from Canaccord Genuity Group

Canaccord Genuity Group reissued their buy rating on shares of Aurora Innovation (NASDAQ:AUR) in a research report report published on Monday morning, Benzinga reports. They currently have a $7.00 target price on the stock.

Aurora Innovation Stock Performance

NASDAQ AUR opened at $5.19 on Monday. The business’s 50 day moving average price is $4.40 and its 200-day moving average price is $3.42. The company has a market cap of $8.14 billion, a P/E ratio of -9.89 and a beta of 2.78. Aurora Innovation has a fifty-two week low of $1.60 and a fifty-two week high of $6.79.

Aurora Innovation (NASDAQ:AUR) last announced its quarterly earnings data on Wednesday, July 31st. The company reported ($0.12) EPS for the quarter, beating the consensus estimate of ($0.13) by $0.01.

Hedge Funds Weigh In On Aurora Innovation

Several hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. grew its position in Aurora Innovation by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 84,784,550 shares of the company’s stock valued at $239,092,000 after acquiring an additional 1,267,962 shares during the last quarter. Baillie Gifford & Co. grew its position in Aurora Innovation by 78.4% in the 2nd quarter. Baillie Gifford & Co. now owns 72,438,562 shares of the company’s stock valued at $200,655,000 after acquiring an additional 31,841,994 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Aurora Innovation by 23.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 13,337,429 shares of the company’s stock worth $36,941,000 after buying an additional 2,502,002 shares in the last quarter. Primecap Management Co. CA grew its position in shares of Aurora Innovation by 1.0% during the 2nd quarter. Primecap Management Co. CA now owns 10,217,700 shares of the company’s stock worth $28,303,000 after buying an additional 102,800 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of Aurora Innovation by 273.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 5,190,426 shares of the company’s stock worth $14,377,000 after buying an additional 3,800,901 shares in the last quarter. Institutional investors 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.