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

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

Aurora Innovation Trading Down 4.6 %

NASDAQ AUR opened at $5.19 on Monday. The stock’s 50 day moving average is $4.40 and its 200 day moving average is $3.42. Aurora Innovation has a 12 month low of $1.60 and a 12 month high of $6.79. The stock has a market cap of $8.14 billion, a PE ratio of -9.89 and a beta of 2.78.

Aurora Innovation (NASDAQ:AUR) last posted its quarterly earnings results on Wednesday, July 31st. The company reported ($0.12) EPS for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.01.

Institutional Trading of Aurora Innovation

Hedge funds have recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of Aurora Innovation by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 84,784,550 shares of the company’s stock worth $239,092,000 after acquiring an additional 1,267,962 shares in the last quarter. Cadian Capital Management LP bought a new position in shares of Aurora Innovation during the 4th quarter valued at approximately $17,914,000. Empowered Funds LLC increased its position in shares of Aurora Innovation by 44.1% during the 1st quarter. Empowered Funds LLC now owns 17,597 shares of the company’s stock valued at $50,000 after purchasing an additional 5,386 shares during the last quarter. Foxhaven Asset Management LP bought a new position in shares of Aurora Innovation during the 4th quarter valued at approximately $19,123,000. Finally, Janus Henderson Group PLC increased its position in shares of Aurora Innovation by 45.3% during the 1st quarter. Janus Henderson Group PLC now owns 393,575 shares of the company’s stock valued at $1,112,000 after purchasing an additional 122,630 shares during the last quarter. 44.71% of the stock is owned by hedge funds and other institutional investors.

About Aurora Innovation

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.