Aurora Innovation, Inc. (NASDAQ:AUR - Get Free Report)'s stock price shot up 4.9% on Friday . The stock traded as high as $6.14 and last traded at $6.14. 4,580,033 shares were traded during trading, a decline of 77% from the average session volume of 19,511,270 shares. The stock had previously closed at $5.85.
Analyst Upgrades and Downgrades
Several research firms have recently weighed in on AUR. Canaccord Genuity Group raised their price objective on shares of Aurora Innovation from $10.00 to $15.00 and gave the company a "buy" rating in a research report on Friday, May 2nd. The Goldman Sachs Group raised their price objective on shares of Aurora Innovation from $6.00 to $7.00 and gave the company a "neutral" rating in a research report on Monday, May 12th. Finally, Needham & Company LLC raised their price objective 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. Five research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat, Aurora Innovation presently has an average rating of "Moderate Buy" and a consensus target price of $10.75.
Read Our Latest Stock Analysis on Aurora Innovation
Aurora Innovation Stock Up 2.9%
The business's 50 day simple moving average is $5.79 and its 200 day simple moving average is $6.48. The company has a market capitalization of $11.11 billion, a PE ratio of -12.81 and a beta of 2.49.
Aurora Innovation (NASDAQ:AUR - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The company reported ($0.11) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.12) by $0.01. The company had revenue of $1.00 million during the quarter, compared to analysts' expectations of $0.50 million. On average, analysts anticipate that Aurora Innovation, Inc. will post -0.49 earnings per share for the current fiscal year.
Insider Buying and Selling
In related news, Director John J. Donahoe purchased 162,337 shares of Aurora Innovation stock in a transaction dated Wednesday, August 6th. The stock was acquired at an average cost of $6.10 per share, with a total value of $990,255.70. Following the completion of the transaction, the director directly owned 162,337 shares of the company's stock, valued at $990,255.70. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Gloria R. Boyland sold 46,097 shares of the stock in a transaction that occurred 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 completion of the transaction, the director owned 330,425 shares in the company, valued at $1,956,116. This represents a 12.24% decrease in their position. The disclosure for this sale can be found here. 11.85% of the stock is owned by corporate insiders.
Hedge Funds Weigh In On Aurora Innovation
A number of hedge funds have recently added to or reduced their stakes in the company. B. Riley Wealth Advisors Inc. acquired a new position in Aurora Innovation in the second quarter worth approximately $140,000. Marex Group plc acquired a new position in Aurora Innovation in the second quarter worth approximately $177,000. Hudson Bay Capital Management LP acquired a new position in Aurora Innovation in the second quarter worth approximately $824,000. Ashford Capital Management Inc. increased its holdings in Aurora Innovation by 50.0% in the second quarter. Ashford Capital Management Inc. now owns 57,000 shares of the company's stock worth $299,000 after buying an additional 19,000 shares during the last quarter. Finally, Nikko Asset Management Americas Inc. grew its holdings in Aurora Innovation by 54.4% during the second quarter. Nikko Asset Management Americas Inc. now owns 6,170,556 shares of the company's stock valued at $32,272,000 after purchasing an additional 2,173,549 shares during the last quarter. Institutional investors and hedge funds own 44.71% of the company's stock.
About Aurora Innovation
(
Get Free Report)
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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