Archon Partners LLC Makes New $378,000 Investment in Aurora Innovation, Inc. (NASDAQ:AUR)

Archon Partners LLC acquired a new stake in Aurora Innovation, Inc. (NASDAQ:AUR - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 60,000 shares of the company's stock, valued at approximately $378,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Twin Tree Management LP increased its holdings in shares of Aurora Innovation by 217.2% in the 4th quarter. Twin Tree Management LP now owns 4,450 shares of the company's stock valued at $28,000 after acquiring an additional 3,047 shares during the last quarter. GPS Wealth Strategies Group LLC raised its holdings in Aurora Innovation by 241.7% during the fourth quarter. GPS Wealth Strategies Group LLC now owns 7,005 shares of the company's stock worth $44,000 after purchasing an additional 4,955 shares in the last quarter. Grimes & Company Inc. acquired a new stake in Aurora Innovation during the fourth quarter worth approximately $63,000. Yousif Capital Management LLC purchased a new stake in shares of Aurora Innovation during the 4th quarter worth approximately $65,000. Finally, Avantax Advisory Services Inc. purchased a new position in shares of Aurora Innovation in the 4th quarter valued at $65,000. 44.71% of the stock is owned by institutional investors and hedge funds.

Aurora Innovation Price Performance

Shares of AUR stock traded up $0.07 during midday trading on Friday, reaching $6.88. 9,628,323 shares of the company traded hands, compared to its average volume of 11,670,774. The firm has a market cap of $11.97 billion, a PE ratio of -14.64 and a beta of 2.77. The firm's 50 day simple moving average is $6.75 and its two-hundred day simple moving average is $6.72. Aurora Innovation, Inc. has a 1-year low of $2.10 and a 1-year high of $10.77.

Aurora Innovation (NASDAQ:AUR - Get Free Report) last posted its earnings results on Wednesday, February 12th. The company reported ($0.11) EPS for the quarter. As a group, research analysts anticipate that Aurora Innovation, Inc. will post -0.49 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

AUR has been the topic of several research reports. Evercore ISI raised their price objective on Aurora Innovation from $5.00 to $6.00 and gave the stock an "in-line" rating in a report on Tuesday, February 18th. The Goldman Sachs Group raised Aurora Innovation from a "sell" rating to a "neutral" rating and lifted their price target for the stock from $3.00 to $6.00 in a research report on Thursday, April 10th. Oppenheimer initiated coverage on Aurora Innovation in a report on Thursday, March 27th. They issued an "outperform" rating and a $15.00 price objective for the company. Needham & Company LLC began coverage on shares of Aurora Innovation in a research report on Tuesday, April 15th. They issued a "buy" rating and a $10.00 price target for the company. Finally, TD Cowen initiated coverage on shares of Aurora Innovation in a research report on Friday, March 7th. They set a "hold" rating and a $8.00 price objective on the stock. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Aurora Innovation currently has an average rating of "Moderate Buy" and a consensus target price of $9.63.

Aurora Innovation 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.