Aurora Innovation, Inc. (NASDAQ:AUR - Get Free Report)'s share price was up 1.1% during trading on Wednesday . The company traded as high as $5.36 and last traded at $5.26. Approximately 1,905,176 shares changed hands during trading, a decline of 87% from the average daily volume of 14,787,926 shares. The stock had previously closed at $5.20.
Wall Street Analyst Weigh In
A number of equities research analysts recently issued reports on AUR shares. Canaccord Genuity Group upped their price objective on shares of Aurora Innovation from $10.00 to $15.00 and gave the company a "buy" rating in a report on Friday, May 2nd. Oppenheimer assumed coverage on Aurora Innovation in a report on Thursday, March 27th. They issued an "outperform" rating and a $15.00 price objective on the stock. Needham & Company LLC increased their price objective on 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 target price on Aurora Innovation from $6.00 to $7.00 and gave the stock a "neutral" rating in a research note on Monday, May 12th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, Aurora Innovation has an average rating of "Moderate Buy" and a consensus price target of $10.75.
Get Our Latest Research Report on AUR
Aurora Innovation Stock Down 2.5%
The firm has a 50-day moving average price of $6.01 and a 200 day moving average price of $6.64. The firm has a market capitalization of $9.28 billion, a PE ratio of -10.93 and a beta of 2.48.
Aurora Innovation (NASDAQ:AUR - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported ($0.12) EPS for the quarter, missing analysts' consensus estimates of ($0.11) by ($0.01). Equities research analysts expect that Aurora Innovation, Inc. will post -0.49 earnings per share for the current year.
Insider Activity 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 sale, the director directly owned 330,425 shares of the company's stock, valued at $1,956,116. This represents a 12.24% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 11.85% of the company's stock.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Twin Tree Management LP grew its position in shares of Aurora Innovation by 217.2% during the fourth quarter. Twin Tree Management LP now owns 4,450 shares of the company's stock worth $28,000 after buying an additional 3,047 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Aurora Innovation in the first quarter worth approximately $32,000. Signaturefd LLC grew its holdings in Aurora Innovation by 208.0% during the 1st quarter. Signaturefd LLC now owns 5,283 shares of the company's stock worth $36,000 after acquiring an additional 3,568 shares in the last quarter. GAMMA Investing LLC increased its position in shares of 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 purchasing an additional 3,527 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its holdings in shares of Aurora Innovation by 463.3% in the 2nd quarter. Farther Finance Advisors LLC now owns 7,616 shares of the company's stock valued at $40,000 after purchasing an additional 6,264 shares in the last quarter. 44.71% of the stock is currently owned by hedge funds and other institutional investors.
Aurora Innovation Company Profile
(
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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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