Aurora Innovation (NASDAQ:AUR) Trading 2% Higher - Still a Buy?

Aurora Innovation, Inc. (NASDAQ:AUR - Get Free Report)'s stock price rose 2% during mid-day trading on Wednesday . The stock traded as high as $5.92 and last traded at $5.89. Approximately 2,933,622 shares changed hands during mid-day trading, a decline of 78% from the average daily volume of 13,518,380 shares. The stock had previously closed at $5.77.

Analyst Ratings Changes

Several research firms have recently commented on AUR. Cantor Fitzgerald reiterated an "overweight" rating and set a $10.00 target price on shares of Aurora Innovation in a research note on Thursday, February 13th. Needham & Company LLC upped their price target 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. The Goldman Sachs Group increased their price target on Aurora Innovation from $6.00 to $7.00 and gave the stock a "neutral" rating in a research note on Monday, May 12th. TD Cowen began coverage on shares of Aurora Innovation in a research note on Friday, March 7th. They set a "hold" rating and a $8.00 price objective on the stock. Finally, Evercore ISI lifted their target price on Aurora Innovation from $5.00 to $6.00 and gave the stock an "in-line" rating in a report on Tuesday, February 18th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $10.75.

Aurora Innovation Stock Down 2.8%

The firm has a fifty day moving average of $6.50 and a 200-day moving average of $6.88. The firm has a market cap of $9.99 billion, a P/E ratio of -12.02 and a beta of 2.76.

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 analysts' consensus estimates of ($0.11) by ($0.01). Sell-side analysts anticipate that Aurora Innovation, Inc. will post -0.49 EPS for the current year.

Institutional Trading of Aurora Innovation

Institutional investors have recently modified their holdings of the stock. Uber Technologies Inc acquired a new position in Aurora Innovation in the 4th quarter worth about $2,053,632,000. Toyota Motor Corp bought a new position in Aurora Innovation in the fourth quarter worth approximately $298,294,000. Lightspeed Management Company L.L.C. bought a new position in shares of Aurora Innovation in the fourth quarter valued at approximately $74,003,000. Norges Bank bought a new position in shares of Aurora Innovation in the fourth quarter valued at approximately $45,772,000. Finally, Price T Rowe Associates Inc. MD boosted 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 buying an additional 3,237,609 shares during the last quarter. 44.71% of the stock is currently owned by institutional investors.

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.