Aurora Innovation (NASDAQ:AUR) Shares Up 2.2% - What's Next?

Shares of Aurora Innovation, Inc. (NASDAQ:AUR - Get Free Report) shot up 2.2% during trading on Friday . The stock traded as high as $5.40 and last traded at $5.29. 11,175,563 shares traded hands during mid-day trading, a decline of 24% from the average session volume of 14,771,780 shares. The stock had previously closed at $5.17.

Wall Street Analysts Forecast Growth

Several brokerages have commented on AUR. TD Cowen began coverage on shares of Aurora Innovation in a research report on Friday, March 7th. They issued a "hold" rating and a $8.00 price objective on the stock. Needham & Company LLC boosted their price target on shares of Aurora Innovation from $10.00 to $13.00 and gave the company a "buy" rating in a research report on Friday, May 9th. Canaccord Genuity Group boosted their price target on shares of Aurora Innovation from $10.00 to $15.00 and gave the company a "buy" rating in a research report on Friday, May 2nd. The Goldman Sachs Group boosted their price target on shares of Aurora Innovation from $6.00 to $7.00 and gave the company a "neutral" rating in a research report on Monday, May 12th. Finally, Oppenheimer began 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 on the stock. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, Aurora Innovation has an average rating of "Moderate Buy" and an average target price of $10.75.

Aurora Innovation Stock Up 2.2%

The firm's 50-day moving average price is $6.20 and its 200-day moving average price is $6.71. The company has a market cap of $9.35 billion, a P/E ratio of -11.01 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) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.01). As a group, analysts forecast that Aurora Innovation, Inc. will post -0.49 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Gloria R. Boyland sold 46,097 shares of the business'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 owned 330,425 shares of the company's stock, valued at approximately $1,956,116. The trade was a 12.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 11.85% of the company's stock.

Hedge Funds Weigh In On Aurora Innovation

Several hedge funds have recently bought and sold shares of the company. Uber Technologies Inc purchased a new position in Aurora Innovation during the fourth quarter valued at approximately $2,053,632,000. Vanguard Group Inc. grew its stake in Aurora Innovation by 2.1% in the 1st quarter. Vanguard Group Inc. now owns 115,413,401 shares of the company's stock worth $776,155,000 after buying an additional 2,392,995 shares in the last quarter. Toyota Motor Corp bought a new position in shares of Aurora Innovation in the 4th quarter worth $298,294,000. Price T Rowe Associates Inc. MD raised its position in shares of Aurora Innovation by 13.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 26,671,319 shares of the company's stock valued at $168,030,000 after buying an additional 3,237,609 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Aurora Innovation by 2.5% during the 4th quarter. Geode Capital Management LLC now owns 23,374,230 shares of the company's stock valued at $147,292,000 after buying an additional 577,704 shares in 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.

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