Aurora Innovation (NASDAQ:AUR) Stock Price Up 4.3% - Here's Why

Aurora Innovation, Inc. (NASDAQ:AUR - Get Free Report) traded up 4.3% during mid-day trading on Friday . The stock traded as high as $5.97 and last traded at $5.90. 3,416,988 shares were traded during trading, a decline of 75% from the average session volume of 13,569,246 shares. The stock had previously closed at $5.65.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Needham & Company LLC increased their target price on shares of Aurora Innovation from $10.00 to $13.00 and gave the stock a "buy" rating in a research note on Friday, May 9th. TD Cowen assumed coverage on shares of Aurora Innovation in a research note on Friday, March 7th. They set a "hold" rating and a $8.00 target price on the stock. Oppenheimer assumed coverage on shares of Aurora Innovation in a research note on Thursday, March 27th. They set an "outperform" rating and a $15.00 target price on the stock. Evercore ISI increased their target price on shares of Aurora Innovation from $5.00 to $6.00 and gave the stock an "in-line" rating in a research note on Tuesday, February 18th. Finally, Canaccord Genuity Group increased their target price on shares of Aurora Innovation from $10.00 to $15.00 and gave the stock a "buy" rating in a research note on Friday, May 2nd. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $10.75.

Aurora Innovation Stock Up 3.9%

The stock has a market capitalization of $10.38 billion, a P/E ratio of -12.49 and a beta of 2.59. The business's 50 day simple moving average is $6.48 and its two-hundred day simple moving average is $6.88.

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 analysts' consensus estimates of ($0.11) by ($0.01). Analysts predict that Aurora Innovation, Inc. will post -0.49 earnings per share for the current year.

Institutional Trading of Aurora Innovation

Several institutional investors and hedge funds have recently made changes to their positions in AUR. Twin Tree Management LP raised its holdings in shares of Aurora Innovation by 217.2% in the fourth quarter. Twin Tree Management LP now owns 4,450 shares of the company's stock valued at $28,000 after purchasing an additional 3,047 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Aurora Innovation in the first quarter valued at about $32,000. Signaturefd LLC raised 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 purchasing an additional 3,568 shares during the last quarter. GAMMA Investing LLC raised 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 purchasing an additional 3,527 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its holdings in shares of Aurora Innovation by 37.2% in the first quarter. PNC Financial Services Group Inc. now owns 7,683 shares of the company's stock valued at $52,000 after purchasing an additional 2,085 shares during the last quarter. Hedge funds and other 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.