Aurora Innovation, Inc. (NASDAQ:AUR - Get Free Report)'s share price traded down 2% during trading on Friday . The stock traded as low as $5.20 and last traded at $5.23. 4,075,250 shares changed hands during trading, a decline of 77% from the average session volume of 17,751,682 shares. The stock had previously closed at $5.33.
Analyst Upgrades and Downgrades
Several equities analysts have commented 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 report on Friday, May 9th. Oppenheimer assumed coverage on shares of Aurora Innovation in a report on Thursday, March 27th. They set an "outperform" rating and a $15.00 price target for the company. Canaccord Genuity Group upped their price target on shares of Aurora Innovation from $10.00 to $15.00 and gave the company a "buy" rating in a report on Friday, May 2nd. The Goldman Sachs Group upped their price target on shares of Aurora Innovation from $6.00 to $7.00 and gave the company a "neutral" rating in a report on Monday, May 12th. Finally, TD Cowen assumed coverage on shares of Aurora Innovation in a report on Friday, March 7th. They set a "hold" rating and a $8.00 price target for the company. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Aurora Innovation has a consensus rating of "Moderate Buy" and a consensus price target of $10.75.
View Our Latest Stock Analysis on AUR
Aurora Innovation Price Performance
The company's 50 day moving average is $6.37 and its two-hundred day moving average is $6.84. The firm has a market cap of $9.28 billion, a P/E ratio of -10.93 and a beta of 2.59.
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 the consensus estimate of ($0.11) by ($0.01). Research analysts predict that Aurora Innovation, Inc. will post -0.49 EPS for the current year.
Insider Buying and Selling
In other Aurora Innovation news, Director Gloria R. Boyland sold 46,097 shares of Aurora Innovation stock in a transaction on Friday, June 6th. The shares were sold at an average price of $5.92, for a total transaction of $272,894.24. Following the completion of the sale, the director now owns 330,425 shares of the company's stock, valued at approximately $1,956,116. The trade was a 12.24% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 11.85% of the stock is currently owned by corporate insiders.
Institutional Trading of Aurora Innovation
Institutional investors have recently bought and sold shares of the business. Rhumbline Advisers grew its holdings in shares of Aurora Innovation by 1.8% in the 1st quarter. Rhumbline Advisers now owns 1,410,036 shares of the company's stock valued at $9,482,000 after buying an additional 24,584 shares during the period. Strs Ohio acquired a new stake in shares of Aurora Innovation in the 1st quarter valued at $746,000. Acadian Asset Management LLC acquired a new stake in shares of Aurora Innovation in the 1st quarter valued at $1,174,000. Intech Investment Management LLC boosted its holdings in shares of Aurora Innovation by 41.7% in the 1st quarter. Intech Investment Management LLC now owns 620,181 shares of the company's stock valued at $4,171,000 after purchasing an additional 182,573 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Aurora Innovation by 6.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,046,760 shares of the company's stock valued at $13,764,000 after purchasing an additional 127,953 shares in 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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