Aurora Innovation (NASDAQ:AUR) Trading Down 3.9% - What's Next?

Aurora Innovation, Inc. (NASDAQ:AUR - Get Free Report)'s share price was down 3.9% on Monday . The stock traded as low as $5.07 and last traded at $5.10. Approximately 3,336,558 shares were traded 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

Several analysts have weighed in on AUR shares. Needham & Company LLC lifted their price objective on shares of Aurora Innovation from $10.00 to $13.00 and gave the stock a "buy" rating in a research note on Friday, May 9th. Oppenheimer started coverage on shares of Aurora Innovation in a research report on Thursday, March 27th. They issued an "outperform" rating and a $15.00 price target for the company. The Goldman Sachs Group lifted their price objective on Aurora Innovation from $6.00 to $7.00 and gave the company a "neutral" rating in a report on Monday, May 12th. Finally, Canaccord Genuity Group lifted their price objective on Aurora Innovation from $10.00 to $15.00 and gave the company a "buy" rating in a report on Friday, May 2nd. Four investment 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 an average rating of "Moderate Buy" and an average target price of $10.75.

Aurora Innovation Stock Performance

The company has a market cap of $9.20 billion, a price-to-earnings ratio of -10.83 and a beta of 2.48. The business has a fifty day moving average price of $6.08 and a 200 day moving average price of $6.66.

Aurora Innovation (NASDAQ:AUR - Get Free Report) last issued its 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). As a group, equities analysts anticipate that Aurora Innovation, Inc. will post -0.49 EPS for the current year.

Insider Transactions at Aurora Innovation

In related news, Director Gloria R. Boyland sold 46,097 shares of the company'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 transaction of $272,894.24. Following the completion of the transaction, the director directly owned 330,425 shares in the company, valued at $1,956,116. This represents a 12.24% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 11.85% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Twin Tree Management LP increased its stake in shares of Aurora Innovation by 217.2% in the fourth quarter. Twin Tree Management LP now owns 4,450 shares of the company's stock valued at $28,000 after buying an additional 3,047 shares during the period. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Aurora Innovation in the 1st quarter valued at approximately $32,000. Signaturefd LLC increased its position in Aurora Innovation by 208.0% in the 1st quarter. Signaturefd LLC now owns 5,283 shares of the company's stock valued at $36,000 after acquiring an additional 3,568 shares during the period. GAMMA Investing LLC increased its position in Aurora Innovation by 147.3% in the 1st quarter. GAMMA Investing LLC now owns 5,922 shares of the company's stock valued at $40,000 after acquiring an additional 3,527 shares during the period. Finally, PNC Financial Services Group Inc. increased its holdings in Aurora Innovation by 37.2% in 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 period. 44.71% of the stock is currently owned by institutional investors and hedge funds.

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.