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

Aurora Innovation (NASDAQ:AUR) had its price target lifted by equities research analysts at TD Cowen from $3.00 to $4.00 in a report released on Thursday, Benzinga reports. The brokerage currently has a “hold” rating on the stock. TD Cowen’s target price indicates a potential downside of 19.68% from the company’s current price.

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

Aurora Innovation Stock Down 25.0 %

AUR stock traded down $1.66 during trading on Thursday, hitting $4.98. The company had a trading volume of 14,348,137 shares, compared to its average volume of 8,555,813. The firm has a market cap of $7.81 billion, a PE ratio of -10.16 and a beta of 2.80. Aurora Innovation has a 1-year low of $1.64 and a 1-year high of $7.01. The firm has a 50-day moving average price of $5.30 and a 200-day moving average price of $3.87.

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

Institutional Investors Weigh In On Aurora Innovation

Several institutional investors have recently modified their holdings of AUR. Sequoia Financial Advisors LLC acquired a new position in shares of Aurora Innovation during the 2nd quarter worth approximately $30,000. Profund Advisors LLC acquired a new position in shares of Aurora Innovation during the 2nd quarter worth approximately $46,000. Empowered Funds LLC raised 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 worth $50,000 after purchasing an additional 5,386 shares during the last quarter. Vanguard Personalized Indexing Management LLC acquired a new position in Aurora Innovation in the 2nd quarter valued at $51,000. Finally, Diversified Portfolios Inc. acquired a new position in Aurora Innovation in the 2nd quarter valued at $54,000. Hedge funds and other 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.