Aurora Innovation, Inc. (NASDAQ:AUR - Get Free Report) shares were down 1.4% during mid-day trading on Friday . The company traded as low as $5.99 and last traded at $6.12. Approximately 36,754,845 shares changed hands during trading, an increase of 90% from the average daily volume of 19,305,580 shares. The stock had previously closed at $6.20.
Analysts Set New Price Targets
AUR has been the subject of several analyst reports. Canaccord Genuity Group lifted 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. The Goldman Sachs Group lifted their target price on shares of Aurora Innovation from $6.00 to $7.00 and gave the stock a "neutral" rating in a report on Monday, May 12th. Finally, Needham & Company LLC raised their price target on Aurora Innovation from $10.00 to $13.00 and gave the stock a "buy" rating in a research report on Friday, May 9th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $10.75.
Check Out Our Latest Stock Report on Aurora Innovation
Aurora Innovation Stock Down 0.7%
The company has a market capitalization of $10.89 billion, a PE ratio of -13.08 and a beta of 2.49. The company's 50 day moving average is $5.71 and its two-hundred day moving average is $6.52.
Aurora Innovation (NASDAQ:AUR - Get Free Report) last announced its earnings results on Wednesday, July 30th. The company reported ($0.11) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.12) by $0.01. The business had revenue of $1.00 million for the quarter, compared to analysts' expectations of $0.50 million. Analysts forecast that Aurora Innovation, Inc. will post -0.49 EPS for the current year.
Insider Buying and Selling
In other news, Director Gloria R. Boyland sold 46,097 shares of the business's stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $5.92, for a total transaction of $272,894.24. Following the transaction, the director directly owned 330,425 shares in the company, valued at $1,956,116. The trade was a 12.24% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director John J. Donahoe acquired 162,337 shares of the company's stock in a transaction that occurred on Wednesday, August 6th. The stock was purchased at an average cost of $6.10 per share, with a total value of $990,255.70. Following the acquisition, the director directly owned 162,337 shares of the company's stock, valued at $990,255.70. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 11.85% of the company's stock.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in the business. Uber Technologies Inc acquired a new stake in Aurora Innovation during the 4th quarter valued at $2,053,632,000. Toyota Motor Corp purchased a new position in Aurora Innovation in the fourth quarter valued at approximately $298,294,000. Lightspeed Management Company L.L.C. acquired a new stake in Aurora Innovation in the 4th quarter valued at $74,003,000. Price T Rowe Associates Inc. MD lifted its position in Aurora Innovation by 13.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 26,671,319 shares of the company's stock worth $168,030,000 after acquiring an additional 3,237,609 shares in the last quarter. Finally, Nuveen LLC purchased a new stake in shares of Aurora Innovation during the first quarter valued at approximately $17,152,000. 44.71% of the stock is owned by institutional investors and hedge funds.
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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