Aurora Innovation (NASDAQ:AUR) Stock Price Up 2.2% - Time to Buy?

Aurora Innovation, Inc. (NASDAQ:AUR - Get Free Report)'s stock price traded 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.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Canaccord Genuity Group increased their price objective on shares of Aurora Innovation from $10.00 to $15.00 and gave the company a "buy" rating in a research note on Friday, May 2nd. Oppenheimer assumed 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 upped 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, Needham & Company LLC upped 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. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, Aurora Innovation has a consensus rating of "Moderate Buy" and a consensus target price of $10.75.

Aurora Innovation Trading Down 3.6%

The company's 50-day simple moving average is $6.12 and its 200-day simple moving average is $6.67. The stock has a market capitalization of $9.04 billion, a price-to-earnings ratio of -10.65 and a beta of 2.48.

Aurora Innovation (NASDAQ:AUR - Get Free Report) last posted its quarterly earnings data 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, equities research analysts expect that Aurora Innovation, Inc. will post -0.49 earnings per share for the current fiscal year.

Insider Buying and Selling at Aurora Innovation

In other news, Director Gloria R. Boyland sold 46,097 shares of the stock in a transaction 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 sale, the director directly owned 330,425 shares in the company, valued at $1,956,116. This represents a 12.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 11.85% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Aurora Innovation

Several large investors have recently modified their holdings of the company. Twin Tree Management LP boosted its stake in 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 acquiring an additional 3,047 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new position in Aurora Innovation during the first quarter worth $32,000. Signaturefd LLC boosted its stake in Aurora Innovation by 208.0% during the first 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 lifted its stake 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. Finally, PNC Financial Services Group Inc. grew its holdings in shares of Aurora Innovation by 37.2% during the first quarter. PNC Financial Services Group Inc. now owns 7,683 shares of the company's stock valued at $52,000 after buying an additional 2,085 shares during the last quarter. 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.