Aurora Innovation (NASDAQ:AUR) Trading Up 1.8% - Still a Buy?

Aurora Innovation, Inc. (NASDAQ:AUR - Get Free Report)'s share price rose 1.8% during trading on Thursday . The stock traded as high as $6.31 and last traded at $6.17. Approximately 9,072,023 shares were traded during trading, a decline of 31% from the average daily volume of 13,218,158 shares. The stock had previously closed at $6.06.

Analyst Upgrades and Downgrades

AUR has been the topic of several analyst reports. Morgan Stanley began coverage on Aurora Innovation in a report on Monday, March 3rd. They set an "overweight" rating and a $12.00 target price on the stock. Evercore ISI lifted their price objective on Aurora Innovation from $5.00 to $6.00 and gave the stock an "in-line" rating in a research report on Tuesday, February 18th. The Goldman Sachs Group lifted their target price on Aurora Innovation from $6.00 to $7.00 and gave the company a "neutral" rating in a research report on Monday, May 12th. Needham & Company LLC lifted their target price on Aurora Innovation from $10.00 to $13.00 and gave the company a "buy" rating in a research report on Friday, May 9th. Finally, Oppenheimer initiated coverage on Aurora Innovation in a research report on Thursday, March 27th. They issued an "outperform" rating and a $15.00 target price on the stock. Four investment 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, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $10.75.

Aurora Innovation Stock Down 1.5%

The company has a market capitalization of $10.34 billion, a price-to-earnings ratio of -12.64 and a beta of 2.76. The stock has a fifty day moving average price of $6.73 and a two-hundred day moving average price of $6.86.

Aurora Innovation (NASDAQ:AUR - Get Free Report) last released its quarterly earnings results 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). As a group, research analysts forecast that Aurora Innovation, Inc. will post -0.49 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Aurora Innovation

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