Aurora Innovation (NASDAQ:AUR) Stock Price Up 2.5% - What's Next?

Aurora Innovation, Inc. (NASDAQ:AUR - Get Free Report) rose 2.5% during trading on Thursday . The company traded as high as $6.35 and last traded at $6.27. Approximately 5,539,374 shares traded hands during mid-day trading, a decline of 58% from the average daily volume of 13,339,658 shares. The stock had previously closed at $6.11.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Needham & Company LLC lifted 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. Morgan Stanley started coverage on shares of Aurora Innovation in a research report on Monday, March 3rd. They set an "overweight" rating and a $12.00 price objective for the company. The Goldman Sachs Group boosted their target price on Aurora Innovation from $6.00 to $7.00 and gave the company a "neutral" rating in a research report on Monday, May 12th. Oppenheimer started coverage on Aurora Innovation in a research report on Thursday, March 27th. They set an "outperform" rating and a $15.00 price target for the company. Finally, Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $10.00 price objective on shares of Aurora Innovation in a research note on Thursday, February 13th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, Aurora Innovation has a consensus rating of "Moderate Buy" and an average price target of $10.75.

Aurora Innovation Stock Performance

The stock has a market capitalization of $10.75 billion, a PE ratio of -12.94 and a beta of 2.76. The firm's 50 day moving average is $6.60 and its two-hundred day moving average is $6.88.

Aurora Innovation (NASDAQ:AUR - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The company reported ($0.12) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.01). On average, analysts anticipate that Aurora Innovation, Inc. will post -0.49 EPS for the current year.

Institutional Investors Weigh In On Aurora Innovation

Large investors have recently bought and sold shares of the stock. Twin Tree Management LP increased its stake in shares of 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 buying an additional 3,047 shares during the period. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Aurora Innovation in the 1st quarter valued at approximately $32,000. Signaturefd LLC raised its holdings in shares of Aurora Innovation by 208.0% in the 1st quarter. Signaturefd LLC now owns 5,283 shares of the company's stock valued at $36,000 after purchasing an additional 3,568 shares in the last quarter. GAMMA Investing LLC raised its holdings 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 purchasing an additional 3,527 shares in the last quarter. Finally, GPS Wealth Strategies Group LLC lifted its position in shares of Aurora Innovation by 241.7% during the 4th quarter. GPS Wealth Strategies Group LLC now owns 7,005 shares of the company's stock worth $44,000 after purchasing an additional 4,955 shares during the last quarter. Hedge funds and other institutional investors 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.