Aurora Innovation (NASDAQ:AUR) Trading Up 2.3% - Should You Buy?

Shares of Aurora Innovation, Inc. (NASDAQ:AUR - Get Free Report) shot up 2.3% during mid-day trading on Thursday . The stock traded as high as $5.50 and last traded at $5.49. 2,914,358 shares were traded during 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

AUR has been the subject of a number of recent analyst reports. Canaccord Genuity Group raised their price target 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. Needham & Company LLC raised their price objective on shares of Aurora Innovation from $10.00 to $13.00 and gave the stock a "buy" rating in a report on Friday, May 9th. Oppenheimer assumed coverage on shares of Aurora Innovation in a research note on Thursday, March 27th. They issued an "outperform" rating and a $15.00 target price on the stock. Finally, The Goldman Sachs Group increased their price target on shares of Aurora Innovation from $6.00 to $7.00 and gave the stock a "neutral" rating in a research report on Monday, May 12th. Four 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 an average target price of $10.75.

Aurora Innovation Price Performance

The stock's fifty day simple moving average is $6.01 and its two-hundred day simple moving average is $6.64. 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 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, sell-side analysts predict that Aurora Innovation, Inc. will post -0.49 EPS for the current year.

Insider Activity

In other Aurora Innovation news, Director Gloria R. Boyland sold 46,097 shares of the stock in a transaction on Friday, June 6th. The stock was sold at an average price of $5.92, for a total value of $272,894.24. Following the sale, the director directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 11.85% of the company's stock.

Hedge Funds Weigh In On Aurora Innovation

Institutional investors have recently modified their holdings of the company. Twin Tree Management LP grew its position in Aurora Innovation by 217.2% in the 4th quarter. Twin Tree Management LP now owns 4,450 shares of the company's stock valued at $28,000 after buying an additional 3,047 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Aurora Innovation in the 1st quarter worth approximately $32,000. Signaturefd LLC boosted its holdings in shares of Aurora Innovation by 208.0% in the first quarter. Signaturefd LLC now owns 5,283 shares of the company's stock valued at $36,000 after acquiring an additional 3,568 shares in the last quarter. GAMMA Investing LLC boosted its holdings 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 acquiring an additional 3,527 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its stake in shares of Aurora Innovation by 463.3% during the second quarter. Farther Finance Advisors LLC now owns 7,616 shares of the company's stock valued at $40,000 after acquiring an additional 6,264 shares during the period. 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.