Aurora Innovation (NASDAQ:AUR) Stock Price Down 3.9% - Time to Sell?

Aurora Innovation, Inc. (NASDAQ:AUR - Get Free Report) shares dropped 3.9% during trading on Monday . The company traded as low as $5.07 and last traded at $5.10. Approximately 3,336,558 shares changed hands during mid-day trading, a decline of 77% from the average daily volume of 14,770,098 shares. The stock had previously closed at $5.30.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. 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 note on Friday, May 9th. The Goldman Sachs Group raised their price target on Aurora Innovation from $6.00 to $7.00 and gave the stock a "neutral" rating in a research note on Monday, May 12th. Canaccord Genuity Group increased their price objective on Aurora Innovation from $10.00 to $15.00 and gave the stock a "buy" rating in a research report on Friday, May 2nd. Finally, Oppenheimer assumed coverage on Aurora Innovation in a research report on Thursday, March 27th. They set an "outperform" rating and a $15.00 price objective for the company. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $10.75.

Aurora Innovation Stock Up 0.4%

The firm has a fifty day moving average of $6.01 and a 200-day moving average of $6.64. The stock has a market capitalization of $9.52 billion, a price-to-earnings ratio of -11.21 and a beta of 2.48.

Aurora Innovation (NASDAQ:AUR - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by ($0.01). As a group, research analysts forecast that Aurora Innovation, Inc. will post -0.49 EPS for the current fiscal year.

Insider Buying and Selling at Aurora Innovation

In other news, Director Gloria R. Boyland sold 46,097 shares of the business's stock in a transaction on Friday, June 6th. The stock was sold at an average price of $5.92, for a total value of $272,894.24. Following the completion of the transaction, the director directly owned 330,425 shares of the company's stock, valued at $1,956,116. The trade was a 12.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 11.85% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Aurora Innovation

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. CoreCap Advisors LLC grew its position in Aurora Innovation by 15.0% during the fourth quarter. CoreCap Advisors LLC now owns 13,177 shares of the company's stock valued at $83,000 after acquiring an additional 1,717 shares during the period. United Bank raised its stake in Aurora Innovation by 17.0% during the first quarter. United Bank now owns 13,064 shares of the company's stock valued at $88,000 after buying an additional 1,900 shares in the last quarter. Principal Financial Group Inc. raised its stake in Aurora Innovation by 3.0% during the first 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 in the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of Aurora Innovation by 37.2% during the first quarter. PNC Financial Services Group Inc. now owns 7,683 shares of the company's stock valued at $52,000 after purchasing an additional 2,085 shares during the last quarter. Finally, Corient Private Wealth LLC grew its holdings in shares of Aurora Innovation by 11.5% during the fourth quarter. Corient Private Wealth LLC now owns 21,484 shares of the company's stock valued at $135,000 after purchasing an additional 2,216 shares during the last quarter. Hedge funds and other institutional investors own 44.71% of the company's stock.

Aurora Innovation Company 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.