Aurora Innovation, Inc. (NASDAQ:AUR - Get Free Report)'s stock price traded down 3.9% during mid-day trading on Monday . The company traded as low as $5.07 and last traded at $5.10. 3,336,558 shares traded hands during trading, a decline of 77% from the average session volume of 14,770,098 shares. The stock had previously closed at $5.30.
Analyst Ratings Changes
A number of research analysts have weighed in on AUR shares. The Goldman Sachs Group upped their target price on Aurora Innovation from $6.00 to $7.00 and gave the stock a "neutral" rating in a report on Monday, May 12th. Needham & Company LLC upped their target price on Aurora Innovation from $10.00 to $13.00 and gave the stock a "buy" rating in a report on Friday, May 9th. Canaccord Genuity Group upped their target price on Aurora Innovation from $10.00 to $15.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. Finally, Oppenheimer started coverage on Aurora Innovation in a report on Thursday, March 27th. They set an "outperform" rating and a $15.00 target price on the stock. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, Aurora Innovation presently has a consensus rating of "Moderate Buy" and an average target price of $10.75.
View Our Latest Stock Report on Aurora Innovation
Aurora Innovation Trading Up 3.1%
The firm has a market cap of $9.48 billion, a PE ratio of -11.17 and a beta of 2.48. The stock has a 50 day simple moving average of $6.08 and a 200-day simple moving average of $6.66.
Aurora Innovation (NASDAQ:AUR - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported ($0.12) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.01). On average, equities research analysts expect that Aurora Innovation, Inc. will post -0.49 EPS for the current year.
Insider Transactions at Aurora Innovation
In other Aurora Innovation news, Director Gloria R. Boyland sold 46,097 shares of the firm's stock in a transaction dated 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 sale, the director owned 330,425 shares of the company's stock, valued at $1,956,116. This trade represents a 12.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 11.85% of the stock is currently owned by insiders.
Institutional Trading of Aurora Innovation
Institutional investors and hedge funds have recently modified their holdings of the stock. Jones Financial Companies Lllp raised its stake in Aurora Innovation by 1,681.6% in the fourth quarter. Jones Financial Companies Lllp now owns 24,051 shares of the company's stock worth $152,000 after buying an additional 22,701 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Aurora Innovation by 3.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 8,693,947 shares of the company's stock worth $54,772,000 after buying an additional 269,120 shares in the last quarter. Victory Capital Management Inc. raised its stake in Aurora Innovation by 7.3% in the fourth quarter. Victory Capital Management Inc. now owns 120,485 shares of the company's stock worth $759,000 after buying an additional 8,194 shares in the last quarter. Aigen Investment Management LP bought a new position in Aurora Innovation in the fourth quarter worth approximately $83,000. Finally, Arizona State Retirement System raised its stake in Aurora Innovation by 22.2% in the fourth quarter. Arizona State Retirement System now owns 271,196 shares of the company's stock worth $1,709,000 after buying an additional 49,286 shares in the last quarter. Institutional investors own 44.71% of the company's stock.
About Aurora Innovation
(
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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