Shares of Aurora Innovation, Inc. (NASDAQ:AUR - Get Free Report) fell 2.1% on Friday . The stock traded as low as $6.70 and last traded at $6.68. 4,832,834 shares changed hands during trading, a decline of 62% from the average session volume of 12,855,495 shares. The stock had previously closed at $6.82.
Wall Street Analyst Weigh In
Several brokerages have recently weighed in on AUR. Morgan Stanley began coverage on Aurora Innovation in a research note on Monday, March 3rd. They set an "overweight" rating and a $12.00 target price for the company. Evercore ISI upped their target price on Aurora Innovation from $5.00 to $6.00 and gave the stock an "in-line" rating in a research note on Tuesday, February 18th. TD Cowen assumed coverage on Aurora Innovation in a research report on Friday, March 7th. They set a "hold" rating and a $8.00 price target for the company. Oppenheimer assumed 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, Needham & Company LLC boosted their price target on Aurora Innovation from $10.00 to $13.00 and gave the stock a "buy" rating in a research report on Friday, May 9th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Aurora Innovation currently has an average rating of "Moderate Buy" and an average price target of $10.75.
Check Out Our Latest Analysis on AUR
Aurora Innovation Stock Performance
The company has a 50 day moving average price of $6.78 and a 200 day moving average price of $6.84. The firm has a market cap of $11.91 billion, a price-to-earnings ratio of -14.53 and a beta of 2.76.
Aurora Innovation (NASDAQ:AUR - Get Free Report) last posted its 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). On average, research analysts forecast that Aurora Innovation, Inc. will post -0.49 earnings per share for the current year.
Institutional Investors Weigh In On Aurora Innovation
A number of hedge funds have recently bought and sold shares of the stock. Uber Technologies Inc purchased a new position in shares of Aurora Innovation in the 4th quarter valued at about $2,053,632,000. Vanguard Group Inc. grew its stake in shares of Aurora Innovation by 2.1% in the 1st quarter. Vanguard Group Inc. now owns 115,413,401 shares of the company's stock valued at $776,155,000 after purchasing an additional 2,392,995 shares during the last quarter. Toyota Motor Corp acquired a new stake in shares of Aurora Innovation in the 4th quarter valued at approximately $298,294,000. Price T Rowe Associates Inc. MD lifted its holdings in shares of Aurora Innovation by 13.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 26,671,319 shares of the company's stock valued at $168,030,000 after buying an additional 3,237,609 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in shares of Aurora Innovation by 2.5% in the 4th quarter. Geode Capital Management LLC now owns 23,374,230 shares of the company's stock valued at $147,292,000 after buying an additional 577,704 shares during the period. 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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