Aurora Innovation (NASDAQ:AUR) Trading 1.5% Higher - Still a Buy?

Shares of Aurora Innovation, Inc. (NASDAQ:AUR - Get Free Report) were up 1.5% on Wednesday . The stock traded as high as $6.33 and last traded at $6.35. Approximately 5,184,824 shares changed hands during mid-day trading, a decline of 61% from the average daily volume of 13,173,899 shares. The stock had previously closed at $6.25.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on AUR. Needham & Company LLC raised their price objective on shares of Aurora Innovation from $10.00 to $13.00 and gave the company a "buy" rating in a research note on Friday, May 9th. The Goldman Sachs Group lifted their price target on Aurora Innovation from $6.00 to $7.00 and gave the company a "neutral" rating in a research note on Monday, May 12th. Canaccord Genuity Group increased their price objective on Aurora Innovation from $10.00 to $15.00 and gave the stock a "buy" rating in a research note on Friday, May 2nd. Evercore ISI raised their target price on Aurora Innovation from $5.00 to $6.00 and gave the company an "in-line" rating in a report on Tuesday, February 18th. Finally, Oppenheimer began coverage on Aurora Innovation in a research report on Thursday, March 27th. They set 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 issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $10.75.

Aurora Innovation Stock Performance

The stock has a market capitalization of $10.88 billion, a P/E ratio of -13.42 and a beta of 2.76. The business has a 50-day moving average price of $6.79 and a 200 day moving average price of $6.85.

Aurora Innovation (NASDAQ:AUR - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported ($0.12) EPS for the quarter, missing the consensus estimate 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.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Acadian Asset Management LLC bought a new position in shares of Aurora Innovation in the 1st quarter valued at about $1,174,000. Intech Investment Management LLC boosted its stake in shares of Aurora Innovation by 41.7% during the first quarter. Intech Investment Management LLC now owns 620,181 shares of the company's stock valued at $4,171,000 after purchasing an additional 182,573 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Aurora Innovation by 6.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,046,760 shares of the company's stock worth $13,764,000 after acquiring an additional 127,953 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Aurora Innovation by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 571,737 shares of the company's stock worth $3,845,000 after purchasing an additional 25,385 shares during the period. Finally, Bosun Asset Management LLC bought a new stake in shares of Aurora Innovation in the first quarter valued at about $867,000. Hedge funds and other institutional investors own 44.71% of the company's stock.

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.

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