Aurora Innovation (NASDAQ:AUR - Get Free Report) announced its quarterly earnings data on Thursday, May 8th. The company reported ($0.12) earnings per share for the quarter, missing analysts' consensus estimates of ($0.11) by ($0.01), Zacks reports.
Aurora Innovation Trading Up 0.8%
Shares of Aurora Innovation stock traded up $0.06 during mid-day trading on Thursday, reaching $6.92. 5,211,268 shares of the stock were exchanged, compared to its average volume of 12,736,365. The company has a market cap of $12.04 billion, a price-to-earnings ratio of -14.41 and a beta of 2.76. The firm has a 50-day simple moving average of $6.77 and a 200 day simple moving average of $6.84. Aurora Innovation has a fifty-two week low of $2.10 and a fifty-two week high of $10.77.
Analyst Ratings Changes
A number of brokerages have commented on AUR. Oppenheimer began coverage on shares of Aurora Innovation in a research report on Thursday, March 27th. They set an "outperform" rating and a $15.00 price objective for the company. Evercore ISI upped their price objective on shares of Aurora Innovation from $5.00 to $6.00 and gave the stock an "in-line" rating in a research report on Tuesday, February 18th. Morgan Stanley assumed coverage on shares of Aurora Innovation in a research report on Monday, March 3rd. They set an "overweight" rating and a $12.00 price objective for the company. Canaccord Genuity Group increased their price target on shares of Aurora Innovation from $10.00 to $15.00 and gave the company a "buy" rating in a report on Friday, May 2nd. Finally, Needham & Company LLC increased their price target on shares of Aurora Innovation from $10.00 to $13.00 and gave the company a "buy" rating in a report on Friday, May 9th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $10.75.
Read Our Latest Stock Analysis on Aurora Innovation
Aurora Innovation Company Profile
(
Get Free Report)
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.
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