Aurora Innovation (NASDAQ:AUR) Trading Up 1.9% - Here's Why

Shares of Aurora Innovation, Inc. (NASDAQ:AUR - Get Free Report) traded up 1.9% during trading on Tuesday . The stock traded as high as $5.37 and last traded at $5.21. 3,321,904 shares were traded during mid-day trading, a decline of 78% from the average session volume of 14,773,333 shares. The stock had previously closed at $5.11.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on AUR shares. Canaccord Genuity Group lifted their price objective on shares of Aurora Innovation from $10.00 to $15.00 and gave the stock a "buy" rating in a research report on Friday, May 2nd. The Goldman Sachs Group lifted their price target on shares of Aurora Innovation from $6.00 to $7.00 and gave the stock a "neutral" rating in a research note on Monday, May 12th. Oppenheimer initiated coverage on shares of Aurora Innovation in a research note on Thursday, March 27th. They set an "outperform" rating and a $15.00 price target on the stock. Finally, Needham & Company LLC lifted their price target on shares of Aurora Innovation from $10.00 to $13.00 and gave the stock a "buy" rating in a research note on Friday, May 9th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $10.75.

Aurora Innovation Price Performance

The company has a market capitalization of $9.59 billion, a price-to-earnings ratio of -11.28 and a beta of 2.48. The business's 50 day simple moving average is $6.04 and its 200 day simple moving average is $6.65.

Aurora Innovation (NASDAQ:AUR - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported ($0.12) EPS for the quarter, missing analysts' consensus estimates of ($0.11) by ($0.01). As a group, analysts expect that Aurora Innovation, Inc. will post -0.49 EPS for the current fiscal year.

Insider Buying and Selling at Aurora Innovation

In other news, Director Gloria R. Boyland sold 46,097 shares of Aurora Innovation stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $5.92, for a total value of $272,894.24. Following the sale, the director owned 330,425 shares of the company's stock, valued at $1,956,116. The trade was a 12.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 11.85% of the stock is currently owned by insiders.

Institutional Trading of Aurora Innovation

Several hedge funds and other institutional investors have recently made changes to their positions in AUR. Jones Financial Companies Lllp boosted its holdings in shares of Aurora Innovation by 1,681.6% in the fourth quarter. Jones Financial Companies Lllp now owns 24,051 shares of the company's stock valued at $152,000 after acquiring an additional 22,701 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Aurora Innovation by 3.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 8,693,947 shares of the company's stock worth $54,772,000 after buying an additional 269,120 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in Aurora Innovation by 7.3% during the fourth quarter. Victory Capital Management Inc. now owns 120,485 shares of the company's stock worth $759,000 after buying an additional 8,194 shares in the last quarter. Arizona State Retirement System boosted its holdings in Aurora Innovation by 22.2% during the fourth quarter. Arizona State Retirement System now owns 271,196 shares of the company's stock worth $1,709,000 after buying an additional 49,286 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in Aurora Innovation during the fourth quarter worth about $702,000. Hedge funds and other institutional investors own 44.71% of the company's stock.

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.