Aurora Innovation (NASDAQ:AUR) Price Target Raised to $2.50

Aurora Innovation (NASDAQ:AUR) had its price target boosted by equities research analysts at The Goldman Sachs Group from $2.00 to $2.50 in a note issued to investors on Monday, Benzinga reports. The brokerage presently has a “sell” rating on the stock. The Goldman Sachs Group’s price objective suggests a potential downside of 54.13% from the stock’s previous close.

A number of other research analysts have also weighed in on AUR. Evercore ISI raised their target price on Aurora Innovation from $3.00 to $5.00 and gave the company an “in-line” rating in a report on Monday, October 14th. TD Cowen raised their target price on Aurora Innovation from $3.00 to $4.00 and gave the company a “hold” rating in a report on Thursday. Finally, Canaccord Genuity Group restated a “buy” rating and issued a $7.00 target price on shares of Aurora Innovation in a report on Monday, September 30th.

Aurora Innovation Stock Down 6.2 %

NASDAQ:AUR traded down $0.36 on Monday, hitting $5.45. The stock had a trading volume of 8,610,373 shares, compared to its average volume of 8,623,382. The business’s fifty day moving average is $5.36 and its 200 day moving average is $3.92. The company has a market cap of $8.55 billion, a PE ratio of -11.00 and a beta of 2.82. Aurora Innovation has a 52 week low of $1.73 and a 52 week high of $7.01.

Institutional Investors Weigh In On Aurora Innovation

Large investors have recently added to or reduced their stakes in the business. Sequoia Financial Advisors LLC bought a new stake in Aurora Innovation during the second quarter worth about $30,000. Profund Advisors LLC purchased a new stake in Aurora Innovation during the 2nd quarter valued at about $46,000. Empowered Funds LLC boosted its holdings in 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 acquiring an additional 5,386 shares during the period. Vanguard Personalized Indexing Management LLC purchased a new stake in Aurora Innovation during the 2nd quarter valued at about $51,000. Finally, Diversified Portfolios Inc. purchased a new stake in Aurora Innovation during the 2nd quarter valued at about $54,000. 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.