Aurora Innovation, Inc. (NASDAQ:AUR - Get Free Report)'s stock price traded down 1.4% on Friday . The stock traded as low as $5.99 and last traded at $6.12. 36,754,845 shares were traded during mid-day trading, an increase of 90% from the average session volume of 19,305,580 shares. The stock had previously closed at $6.20.
Analyst Ratings Changes
AUR has been the subject of several recent analyst reports. Canaccord Genuity Group raised their price objective on shares of Aurora Innovation from $10.00 to $15.00 and gave the stock a "buy" rating in a research report on Friday, May 2nd. Needham & Company LLC raised their price objective on shares of Aurora Innovation from $10.00 to $13.00 and gave the stock a "buy" rating in a research report on Friday, May 9th. Finally, The Goldman Sachs Group raised their price objective on shares of Aurora Innovation from $6.00 to $7.00 and gave the stock a "neutral" rating in a research report on Monday, May 12th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Aurora Innovation presently has an average rating of "Moderate Buy" and a consensus price target of $10.75.
View Our Latest Stock Report on AUR
Aurora Innovation Stock Up 1.3%
The firm has a market capitalization of $11.51 billion, a price-to-earnings ratio of -13.28 and a beta of 2.49. The business's 50-day simple moving average is $5.72 and its two-hundred day simple moving average is $6.50.
Aurora Innovation (NASDAQ:AUR - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The company reported ($0.11) EPS for the quarter, beating the consensus estimate of ($0.12) by $0.01. The business had revenue of $1.00 million during the quarter, compared to analysts' expectations of $0.50 million. Sell-side analysts anticipate that Aurora Innovation, Inc. will post -0.49 earnings per share for the current year.
Insider Activity at Aurora Innovation
In other news, Director Gloria R. Boyland sold 46,097 shares of the firm's stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $5.92, for a total value of $272,894.24. Following the completion of the transaction, the director owned 330,425 shares of the company's stock, valued at approximately $1,956,116. This trade represents a 12.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director John J. Donahoe acquired 162,337 shares of the stock in a transaction dated Wednesday, August 6th. The stock was acquired at an average cost of $6.10 per share, with a total value of $990,255.70. Following the purchase, the director owned 162,337 shares of the company's stock, valued at approximately $990,255.70. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Company insiders own 11.85% of the company's stock.
Institutional Trading of Aurora Innovation
Institutional investors have recently modified their holdings of the stock. CoreCap Advisors LLC raised its position in Aurora Innovation by 15.0% in the 4th quarter. CoreCap Advisors LLC now owns 13,177 shares of the company's stock valued at $83,000 after purchasing an additional 1,717 shares during the last quarter. United Bank increased its stake in Aurora Innovation by 17.0% in the 1st quarter. United Bank now owns 13,064 shares of the company's stock valued at $88,000 after buying an additional 1,900 shares during the period. Grimes & Company Inc. increased its stake in Aurora Innovation by 18.2% in the 2nd quarter. Grimes & Company Inc. now owns 13,000 shares of the company's stock valued at $68,000 after buying an additional 2,000 shares during the period. Western Wealth Management LLC increased its stake in Aurora Innovation by 4.4% in the 2nd quarter. Western Wealth Management LLC now owns 47,930 shares of the company's stock valued at $251,000 after buying an additional 2,000 shares during the period. Finally, Principal Financial Group Inc. increased its stake in Aurora Innovation by 3.0% in the 1st quarter. Principal Financial Group Inc. now owns 70,652 shares of the company's stock valued at $475,000 after buying an additional 2,061 shares during the period. Hedge funds and other institutional investors own 44.71% of the company's stock.
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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