Aurora Innovation (NASDAQ:AUR) Shares Up 1.1% - Should You Buy?

Aurora Innovation, Inc. (NASDAQ:AUR - Get Free Report) shot up 1.1% during trading on Wednesday . The company traded as high as $5.36 and last traded at $5.26. 1,905,176 shares traded hands during mid-day trading, a decline of 87% from the average session volume of 14,787,926 shares. The stock had previously closed at $5.20.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on AUR. Needham & Company LLC upped their target price on Aurora Innovation from $10.00 to $13.00 and gave the company a "buy" rating in a research note on Friday, May 9th. Oppenheimer began coverage on Aurora Innovation in a research note on Thursday, March 27th. They issued an "outperform" rating and a $15.00 target price for the company. The Goldman Sachs Group upped their target price on Aurora Innovation from $6.00 to $7.00 and gave the company a "neutral" rating in a research note on Monday, May 12th. Finally, Canaccord Genuity Group upped their price target on Aurora Innovation from $10.00 to $15.00 and gave the company a "buy" rating in a research report on Friday, May 2nd. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $10.75.

Aurora Innovation Stock Up 2.1%

The firm has a fifty day moving average price of $6.04 and a 200 day moving average price of $6.65. The company has a market cap of $9.68 billion, a P/E ratio of -11.43 and a beta of 2.48.

Aurora Innovation (NASDAQ:AUR - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.01). On average, sell-side analysts anticipate 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 Aurora Innovation stock in a transaction that occurred 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 sale, the director owned 330,425 shares of the company's stock, valued at approximately $1,956,116. This trade represents a 12.24% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 11.85% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Aurora Innovation

A number of hedge funds and other institutional investors have recently bought and sold shares of AUR. CoreCap Advisors LLC grew its stake in Aurora Innovation by 15.0% in the fourth quarter. CoreCap Advisors LLC now owns 13,177 shares of the company's stock valued at $83,000 after purchasing an additional 1,717 shares in the last quarter. United Bank boosted its stake in shares of Aurora Innovation by 17.0% during the 1st quarter. United Bank now owns 13,064 shares of the company's stock worth $88,000 after acquiring an additional 1,900 shares during the period. Principal Financial Group Inc. boosted its stake in shares of Aurora Innovation by 3.0% during the 1st quarter. Principal Financial Group Inc. now owns 70,652 shares of the company's stock worth $475,000 after acquiring an additional 2,061 shares during the period. PNC Financial Services Group Inc. lifted its holdings in Aurora Innovation by 37.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 7,683 shares of the company's stock worth $52,000 after purchasing an additional 2,085 shares during the last quarter. Finally, Corient Private Wealth LLC lifted its holdings in Aurora Innovation by 11.5% during the 4th quarter. Corient Private Wealth LLC now owns 21,484 shares of the company's stock worth $135,000 after purchasing an additional 2,216 shares during the last quarter. Institutional investors and hedge funds 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.