Aurora Innovation, Inc. (NASDAQ:AUR - Get Free Report) traded down 4.7% during mid-day trading on Friday . The stock traded as low as $5.36 and last traded at $5.54. 8,517,865 shares were traded during trading, a decline of 55% from the average session volume of 19,033,152 shares. The stock had previously closed at $5.81.
Wall Street Analyst Weigh In
Several analysts have issued reports on the company. Needham & Company LLC upped their price objective on Aurora Innovation from $10.00 to $13.00 and gave the company a "buy" rating in a research note on Friday, May 9th. Canaccord Genuity Group upped their target price on Aurora Innovation from $10.00 to $15.00 and gave the company a "buy" rating in a report on Friday, May 2nd. Finally, The Goldman Sachs Group upped their target price on Aurora Innovation from $6.00 to $7.00 and gave the company a "neutral" rating in a report on Monday, May 12th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Aurora Innovation currently has a consensus rating of "Moderate Buy" and an average price target of $10.75.
Check Out Our Latest Stock Report on AUR
Aurora Innovation Price Performance
The company has a market capitalization of $10.36 billion, a P/E ratio of -12.44 and a beta of 2.49. The company has a fifty day moving average price of $5.71 and a 200 day moving average price of $6.53.
Aurora Innovation (NASDAQ:AUR - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The company reported ($0.11) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.12) by $0.01. The business had revenue of $1.00 million during the quarter, compared to the consensus estimate of $0.50 million. On average, equities research analysts predict that Aurora Innovation, Inc. will post -0.49 earnings per share for the current fiscal year.
Insider Transactions at Aurora Innovation
In related news, Director Gloria R. Boyland sold 46,097 shares of the stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $5.92, for a total value of $272,894.24. Following the completion of the transaction, the director directly owned 330,425 shares of the company's stock, valued at $1,956,116. This represents a 12.24% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 11.85% of the stock is owned by company insiders.
Hedge Funds Weigh In On Aurora Innovation
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Toyota Motor Corp bought a new position in Aurora Innovation in the 4th quarter worth approximately $298,294,000. Uber Technologies Inc bought a new position in Aurora Innovation in the 4th quarter worth approximately $2,053,632,000. Cornerstone Wealth Management LLC grew its holdings in Aurora Innovation by 153.3% in the 1st quarter. Cornerstone Wealth Management LLC now owns 185,457 shares of the company's stock worth $1,247,000 after buying an additional 112,237 shares in the last quarter. Lightspeed Management Company L.L.C. bought a new position in Aurora Innovation in the 4th quarter worth approximately $74,003,000. Finally, Archon Partners LLC bought a new position in Aurora Innovation in the 4th quarter worth approximately $378,000. 44.71% of the stock is owned by institutional investors.
About Aurora Innovation
(
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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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