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

Aurora Innovation, Inc. (NASDAQ:AUR - Get Free Report)'s share price traded up 2.3% during trading on Thursday . The stock traded as high as $5.50 and last traded at $5.49. 2,914,358 shares changed hands during mid-day trading, a decline of 80% from the average session volume of 14,827,185 shares. The stock had previously closed at $5.36.

Analyst Ratings Changes

A number of analysts have recently commented on the company. 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 research note on Friday, May 9th. Canaccord Genuity Group lifted their target price on shares of Aurora Innovation from $10.00 to $15.00 and gave the stock a "buy" rating in a research report on Friday, May 2nd. Oppenheimer initiated 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. Finally, The Goldman Sachs Group lifted their price target on shares of Aurora Innovation from $6.00 to $7.00 and gave the stock a "neutral" rating in a 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 company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $10.75.

Aurora Innovation Price Performance

The company's 50-day moving average price is $5.95 and its two-hundred day moving average price is $6.61. The company has a market capitalization of $9.25 billion, a price-to-earnings ratio of -10.90 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 (EPS) 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 EPS for the current fiscal year.

Insider Activity at Aurora Innovation

In related news, Director Gloria R. Boyland sold 46,097 shares of the firm's stock in a transaction that occurred on 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 owned 330,425 shares of the company's stock, valued at $1,956,116. This trade represents a 12.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 11.85% of the stock is currently owned by insiders.

Institutional Trading of Aurora Innovation

Several large investors have recently modified their holdings of AUR. 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 shares of Aurora Innovation during the 1st quarter worth about $32,000. Signaturefd LLC boosted its position in shares of 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 purchasing an additional 3,568 shares in the last quarter. GAMMA Investing LLC grew its stake 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 buying an additional 3,527 shares during the period. Finally, Farther Finance Advisors LLC increased its position in 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 buying an additional 6,264 shares in 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.