Aurora Innovation (NASDAQ:AUR) Trading Down 2.2% - Time to Sell?

Aurora Innovation, Inc. (NASDAQ:AUR - Get Free Report) shares fell 2.2% during trading on Friday . The stock traded as low as $6.00 and last traded at $6.11. 3,275,310 shares traded hands during mid-day trading, a decline of 81% from the average session volume of 17,602,613 shares. The stock had previously closed at $6.24.

Wall Street Analysts Forecast Growth

AUR has been the topic of several recent analyst reports. Canaccord Genuity Group increased their price objective on shares of Aurora Innovation from $10.00 to $15.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. TD Cowen began coverage on shares of Aurora Innovation in a research note on Friday, March 7th. They set a "hold" rating and a $8.00 price objective for the company. Needham & Company LLC increased their target price on 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 Aurora Innovation in a report on Thursday, March 27th. They issued an "outperform" rating and a $15.00 price objective on the stock. Finally, The Goldman Sachs Group boosted 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. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $10.75.

Aurora Innovation Trading Down 3.3%

The business's 50-day simple moving average is $6.60 and its two-hundred day simple moving average is $6.89. The company has a market capitalization of $10.37 billion, a PE ratio of -12.47 and a beta of 2.76.

Aurora Innovation (NASDAQ:AUR - Get Free Report) last issued 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). On average, analysts forecast that Aurora Innovation, Inc. will post -0.49 EPS for the current year.

Institutional Trading of Aurora Innovation

Several institutional investors have recently added to or reduced their stakes in the stock. Twin Tree Management LP raised its stake in shares of Aurora Innovation by 217.2% in the 4th 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 in the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Aurora Innovation in the first quarter valued at about $32,000. Signaturefd LLC raised its stake in Aurora Innovation by 208.0% during the first quarter. Signaturefd LLC now owns 5,283 shares of the company's stock valued at $36,000 after buying an additional 3,568 shares in the last quarter. GAMMA Investing LLC raised its stake in Aurora Innovation by 147.3% during the first quarter. GAMMA Investing LLC now owns 5,922 shares of the company's stock valued at $40,000 after buying an additional 3,527 shares in the last quarter. Finally, GPS Wealth Strategies Group LLC lifted its holdings in Aurora Innovation by 241.7% during the 4th quarter. GPS Wealth Strategies Group LLC now owns 7,005 shares of the company's stock worth $44,000 after buying an additional 4,955 shares during the last quarter. 44.71% of the stock is owned by institutional investors and hedge funds.

About Aurora Innovation

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.