Aurora Innovation (NASDAQ:AUR) Trading 1.8% Higher - Here's Why

Aurora Innovation, Inc. (NASDAQ:AUR - Get Free Report) was up 1.8% during mid-day trading on Thursday . The stock traded as high as $6.64 and last traded at $6.59. Approximately 8,303,377 shares traded hands during trading, a decline of 56% from the average daily volume of 19,058,254 shares. The stock had previously closed at $6.47.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. The Goldman Sachs Group increased their price objective on shares of Aurora Innovation from $6.00 to $7.00 and gave the stock a "neutral" rating in a research report on Monday, May 12th. Oppenheimer assumed coverage on shares of Aurora Innovation in a research report on Thursday, March 27th. They issued an "outperform" rating and a $15.00 price objective on the stock. Needham & Company LLC increased their price objective on shares of Aurora Innovation from $10.00 to $13.00 and gave the stock a "buy" rating in a research report on Friday, May 9th. Finally, Canaccord Genuity Group increased 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. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $10.75.

Aurora Innovation Price Performance

The business's fifty day simple moving average is $5.74 and its two-hundred day simple moving average is $6.59. The company has a market cap of $11.26 billion, a PE ratio of -13.25 and a beta of 2.48.

Aurora Innovation (NASDAQ:AUR - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by ($0.01). As a group, analysts predict that Aurora Innovation, Inc. will post -0.49 EPS for the current year.

Insiders Place Their Bets

In other Aurora Innovation news, Director Gloria R. Boyland sold 46,097 shares of the business's 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 transaction, the director directly owned 330,425 shares in the company, valued at $1,956,116. The trade was a 12.24% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 11.85% of the stock is owned by insiders.

Hedge Funds Weigh In On Aurora Innovation

Large investors have recently made changes to their positions in the stock. Raymond James Financial Inc. purchased a new stake in Aurora Innovation during the 4th quarter worth approximately $702,000. Avantax Advisory Services Inc. purchased a new stake in shares of Aurora Innovation in the 4th quarter valued at approximately $65,000. Commonwealth Equity Services LLC increased its position in shares of Aurora Innovation by 131.4% in the 4th quarter. Commonwealth Equity Services LLC now owns 30,032 shares of the company's stock valued at $189,000 after purchasing an additional 17,053 shares during the last quarter. Corient Private Wealth LLC increased its position in shares of Aurora Innovation by 11.5% in the 4th quarter. Corient Private Wealth LLC now owns 21,484 shares of the company's stock valued at $135,000 after purchasing an additional 2,216 shares during the last quarter. Finally, Xponance Inc. grew its position in shares of Aurora Innovation by 11.7% in the 4th quarter. Xponance Inc. now owns 69,798 shares of the company's stock valued at $440,000 after buying an additional 7,336 shares during the last quarter. 44.71% of the stock is currently owned by institutional investors and hedge funds.

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.