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Aurora Innovation (NASDAQ:AUR) Shares Up 2.3% - Here's Why

Aurora Innovation logo with Business Services background

Shares of Aurora Innovation, Inc. (NASDAQ:AUR - Get Free Report) rose 2.3% during mid-day trading on Thursday . The company traded as high as $5.50 and last traded at $5.49. Approximately 2,914,358 shares were traded during trading, a decline of 80% from the average daily volume of 14,827,185 shares. The stock had previously closed at $5.36.

Analyst Upgrades and Downgrades

AUR has been the subject of a number of research analyst reports. Canaccord Genuity Group raised their price target on Aurora Innovation from $10.00 to $15.00 and gave the stock a "buy" rating in a research note on Friday, May 2nd. Needham & Company LLC lifted their price target on Aurora Innovation from $10.00 to $13.00 and gave the company a "buy" rating in a report on Friday, May 9th. Oppenheimer started coverage on Aurora Innovation in a research note on Thursday, March 27th. They set an "outperform" rating and a $15.00 target price on the stock. Finally, The Goldman Sachs Group lifted their price target on Aurora Innovation from $6.00 to $7.00 and gave the stock a "neutral" rating in a research report on Monday, May 12th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $10.75.

Get Our Latest Research Report on Aurora Innovation

Aurora Innovation Stock Up 1.4%

The stock has a market capitalization of $9.61 billion, a PE ratio of -11.29 and a beta of 2.48. The stock has a fifty day moving average of $6.04 and a 200-day moving average of $6.65.

Aurora Innovation (NASDAQ:AUR - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported ($0.12) earnings per share (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 EPS for the current year.

Insider Transactions at Aurora Innovation

In other Aurora Innovation news, Director Gloria R. Boyland sold 46,097 shares of Aurora Innovation stock in a transaction dated Friday, June 6th. The stock was 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 of the company's stock, valued at $1,956,116. The trade was a 12.24% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 11.85% of the stock is owned by company insiders.

Institutional Trading of Aurora Innovation

A number of hedge funds and other institutional investors have recently made changes to their positions in AUR. CoreCap Advisors LLC increased its position in Aurora Innovation by 15.0% in the 4th quarter. CoreCap Advisors LLC now owns 13,177 shares of the company's stock valued at $83,000 after acquiring an additional 1,717 shares during the period. United Bank grew its holdings in shares of Aurora Innovation by 17.0% in 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. grew its holdings in shares of Aurora Innovation by 3.0% in 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 stake in Aurora Innovation by 37.2% in the 1st 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 in the last quarter. Finally, Corient Private Wealth LLC lifted its stake in Aurora Innovation by 11.5% in the 4th quarter. Corient Private Wealth LLC now owns 21,484 shares of the company's stock valued at $135,000 after buying an additional 2,216 shares in the last quarter. Institutional investors and hedge funds own 44.71% of the company's stock.

About Aurora Innovation

(Get Free Report)

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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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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