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

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.

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

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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