Shares of Aurora Innovation, Inc. (NASDAQ:AUR - Get Free Report) shot up 6.2% during mid-day trading on Monday . The stock traded as high as $5.64 and last traded at $5.56. 6,022,309 shares traded hands during trading, a decline of 68% from the average session volume of 18,907,813 shares. The stock had previously closed at $5.23.
Wall Street Analysts Forecast Growth
A number of research firms have weighed in on AUR. The Goldman Sachs Group upped their target price on Aurora Innovation from $6.00 to $7.00 and gave the stock a "neutral" rating in a report on Monday, May 12th. Oppenheimer started coverage on Aurora Innovation in a research report on Thursday, March 27th. They issued an "outperform" rating and a $15.00 price target for the company. Canaccord Genuity Group raised their price objective on Aurora Innovation from $10.00 to $15.00 and gave the company a "buy" rating in a research report on Friday, May 2nd. Finally, Needham & Company LLC raised their price target on shares of Aurora Innovation from $10.00 to $13.00 and gave the company a "buy" rating in a report on Friday, May 9th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $10.75.
Read Our Latest Analysis on Aurora Innovation
Aurora Innovation Stock Performance
The firm has a market cap of $11.34 billion, a PE ratio of -13.35 and a beta of 2.48. The company has a 50 day simple moving average of $5.86 and a two-hundred day simple moving average of $6.60.
Aurora Innovation (NASDAQ:AUR - Get Free Report) last posted 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). As a group, research analysts predict that Aurora Innovation, Inc. will post -0.49 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other Aurora Innovation news, Director Gloria R. Boyland sold 46,097 shares of the company's stock in a transaction dated Friday, June 6th. The shares were 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 approximately $1,956,116. This represents a 12.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 11.85% of the company's stock.
Hedge Funds Weigh In On Aurora Innovation
A number of large investors have recently bought and sold shares of AUR. Toyota Motor Corp acquired a new position in shares of Aurora Innovation during the 4th quarter worth approximately $298,294,000. Uber Technologies Inc purchased a new stake in Aurora Innovation during the 4th quarter worth approximately $2,053,632,000. Cornerstone Wealth Management LLC lifted its position in shares of Aurora Innovation by 153.3% in the first quarter. Cornerstone Wealth Management LLC now owns 185,457 shares of the company's stock valued at $1,247,000 after acquiring an additional 112,237 shares in the last quarter. Lightspeed Management Company L.L.C. purchased a new position in shares of Aurora Innovation in the fourth quarter worth about $74,003,000. Finally, Vanguard Group Inc. grew its position in shares of Aurora Innovation by 2.4% in the fourth quarter. Vanguard Group Inc. now owns 113,020,406 shares of the company's stock valued at $712,029,000 after purchasing an additional 2,687,191 shares in the last quarter. Institutional investors and hedge funds own 44.71% of the company's stock.
Aurora Innovation Company Profile
(
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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