Aurora Innovation (NASDAQ:AUR) Shares Gap Up - What's Next?

Aurora Innovation, Inc. (NASDAQ:AUR - Get Free Report) gapped up before the market opened on Monday . The stock had previously closed at $6.88, but opened at $7.18. Aurora Innovation shares last traded at $7.45, with a volume of 3,553,177 shares changing hands.

Wall Street Analysts Forecast Growth

A number of research firms have commented on AUR. TD Cowen assumed coverage on shares of Aurora Innovation in a research report on Friday, March 7th. They set a "hold" rating and a $8.00 target price on the stock. The Goldman Sachs Group raised Aurora Innovation from a "sell" rating to a "neutral" rating and raised their price objective for the company from $3.00 to $6.00 in a research report on Thursday, April 10th. Evercore ISI increased their price target on shares of Aurora Innovation from $5.00 to $6.00 and gave the company an "in-line" rating in a research report on Tuesday, February 18th. Needham & Company LLC started coverage on shares of Aurora Innovation in a research report on Tuesday, April 15th. They issued a "buy" rating and a $10.00 price objective on the stock. Finally, Cantor Fitzgerald reissued an "overweight" rating and set a $10.00 target price on shares of Aurora Innovation in a research report on Thursday, February 13th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $9.63.

Aurora Innovation Stock Performance

The firm has a market capitalization of $12.17 billion, a price-to-earnings ratio of -14.80 and a beta of 2.77. The firm's 50 day simple moving average is $6.75 and its 200 day simple moving average is $6.73.

Aurora Innovation (NASDAQ:AUR - Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The company reported ($0.11) earnings per share for the quarter. As a group, sell-side analysts forecast that Aurora Innovation, Inc. will post -0.49 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Twin Tree Management LP grew its position in shares of Aurora Innovation by 217.2% during the 4th quarter. Twin Tree Management LP now owns 4,450 shares of the company's stock valued at $28,000 after acquiring an additional 3,047 shares during the period. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Aurora Innovation in the first quarter valued at approximately $32,000. GAMMA Investing LLC increased its position in shares of Aurora Innovation by 147.3% in the first quarter. GAMMA Investing LLC now owns 5,922 shares of the company's stock valued at $40,000 after buying an additional 3,527 shares in the last quarter. GPS Wealth Strategies Group LLC raised its stake in shares of Aurora Innovation by 241.7% during the 4th quarter. GPS Wealth Strategies Group LLC now owns 7,005 shares of the company's stock worth $44,000 after buying an additional 4,955 shares during the period. Finally, Grimes & Company Inc. purchased a new position in shares of Aurora Innovation during the 4th quarter valued at approximately $63,000. Hedge funds and other institutional investors own 44.71% of the company's stock.

About Aurora Innovation

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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