Aurora Innovation (NASDAQ:AUR) Stock Price Down 4.7% - Time to Sell?

Aurora Innovation, Inc. (NASDAQ:AUR - Get Free Report) shares fell 4.7% during mid-day trading on Monday . The stock traded as low as $5.67 and last traded at $5.78. 6,524,964 shares changed hands during trading, a decline of 51% from the average session volume of 13,425,922 shares. The stock had previously closed at $6.06.

Wall Street Analyst Weigh In

A number of brokerages recently commented on AUR. The Goldman Sachs Group lifted their price objective on Aurora Innovation from $6.00 to $7.00 and gave the stock a "neutral" rating in a research report on Monday, May 12th. Morgan Stanley assumed coverage on shares of Aurora Innovation in a report on Monday, March 3rd. They issued an "overweight" rating and a $12.00 price objective on the stock. TD Cowen started coverage on shares of Aurora Innovation in a research note on Friday, March 7th. They issued a "hold" rating and a $8.00 price objective on the stock. Needham & Company LLC upped their target price 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. Finally, Canaccord Genuity Group increased their price target on Aurora Innovation from $10.00 to $15.00 and gave the company a "buy" rating in a research note on Friday, May 2nd. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $10.75.

Aurora Innovation Trading Down 1.5%

The firm has a market cap of $10.21 billion, a P/E ratio of -12.28 and a beta of 2.76. The company has a fifty day moving average price of $6.54 and a two-hundred day moving average price of $6.89.

Aurora Innovation (NASDAQ:AUR - Get Free Report) last announced its 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, sell-side analysts expect that Aurora Innovation, Inc. will post -0.49 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Twin Tree Management LP grew its stake in shares of Aurora Innovation by 217.2% in the fourth quarter. Twin Tree Management LP now owns 4,450 shares of the company's stock valued at $28,000 after buying an additional 3,047 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Aurora Innovation in the first quarter valued at $32,000. Signaturefd LLC grew its position in shares of Aurora Innovation by 208.0% in the 1st quarter. Signaturefd LLC now owns 5,283 shares of the company's stock valued at $36,000 after acquiring an additional 3,568 shares during the period. GAMMA Investing LLC increased its stake in shares of Aurora Innovation by 147.3% during the 1st quarter. GAMMA Investing LLC now owns 5,922 shares of the company's stock worth $40,000 after purchasing an additional 3,527 shares during the last quarter. Finally, GPS Wealth Strategies Group LLC raised its holdings in shares of Aurora Innovation by 241.7% in the 4th quarter. GPS Wealth Strategies Group LLC now owns 7,005 shares of the company's stock valued at $44,000 after purchasing an additional 4,955 shares during the period. 44.71% of the stock is owned by institutional investors and hedge funds.

Aurora Innovation Company Profile

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.