Aurora Innovation (NASDAQ:AUR) Shares Up 1.8% - What's Next?

Shares of Aurora Innovation, Inc. (NASDAQ:AUR - Get Free Report) traded up 1.8% during trading on Thursday . The company traded as high as $6.31 and last traded at $6.17. 9,072,023 shares were traded during mid-day trading, a decline of 31% from the average session volume of 13,218,158 shares. The stock had previously closed at $6.06.

Analysts Set New Price Targets

Several equities analysts recently commented on AUR shares. Morgan Stanley started coverage on shares of Aurora Innovation in a research note on Monday, March 3rd. They issued an "overweight" rating and a $12.00 price objective for the company. Canaccord Genuity Group increased their target price on Aurora Innovation from $10.00 to $15.00 and gave the company a "buy" rating in a research report on Friday, May 2nd. The Goldman Sachs Group increased 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. TD Cowen started coverage on shares of Aurora Innovation in a report on Friday, March 7th. They issued a "hold" rating and a $8.00 price objective for the company. Finally, Evercore ISI boosted their target price on shares of Aurora Innovation from $5.00 to $6.00 and gave the stock an "in-line" rating in a report on Tuesday, February 18th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $10.75.

Aurora Innovation Stock Performance

The firm has a market capitalization of $10.51 billion, a P/E ratio of -12.64 and a beta of 2.76. The stock has a 50 day moving average of $6.73 and a 200-day moving average of $6.87.

Aurora Innovation (NASDAQ:AUR - Get Free Report) last issued 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 Trading of Aurora Innovation

A number of hedge funds have recently made changes to their positions in the stock. Uber Technologies Inc bought a new stake in Aurora Innovation in the fourth quarter valued at $2,053,632,000. Vanguard Group Inc. boosted its holdings in Aurora Innovation by 2.1% in the 1st quarter. Vanguard Group Inc. now owns 115,413,401 shares of the company's stock worth $776,155,000 after buying an additional 2,392,995 shares during the period. Toyota Motor Corp bought a new stake in shares of Aurora Innovation in the fourth quarter worth about $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 worth $168,030,000 after acquiring an additional 3,237,609 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in Aurora Innovation by 2.5% in the fourth quarter. Geode Capital Management LLC now owns 23,374,230 shares of the company's stock worth $147,292,000 after purchasing an additional 577,704 shares in the last quarter. 44.71% of the stock is owned by institutional investors.

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.