Aurora Innovation (NASDAQ:AUR) Shares Up 2% - Still a Buy?

Shares of Aurora Innovation, Inc. (NASDAQ:AUR - Get Free Report) traded up 2% on Thursday . The stock traded as high as $5.42 and last traded at $5.40. 3,337,690 shares were traded during mid-day trading, a decline of 76% from the average session volume of 14,159,994 shares. The stock had previously closed at $5.29.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. The Goldman Sachs Group boosted their target price on Aurora Innovation from $6.00 to $7.00 and gave the stock a "neutral" rating in a report on Monday, May 12th. Oppenheimer assumed coverage on Aurora Innovation in a report on Thursday, March 27th. They issued an "outperform" rating and a $15.00 target price on the stock. Canaccord Genuity Group boosted their target price on Aurora Innovation from $10.00 to $15.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. TD Cowen assumed coverage on Aurora Innovation in a report on Friday, March 7th. They issued a "hold" rating and a $8.00 target price on the stock. Finally, Morgan Stanley assumed coverage on Aurora Innovation in a report on Monday, March 3rd. They issued an "overweight" rating and a $12.00 target price on the stock. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Aurora Innovation has a consensus rating of "Moderate Buy" and an average price target of $10.75.

Aurora Innovation Trading Down 4.3%

The firm has a 50-day moving average of $6.28 and a 200 day moving average of $6.76.

Aurora Innovation (NASDAQ:AUR - Get Free Report) last released 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 predict that Aurora Innovation, Inc. will post -0.49 EPS for the current fiscal year.

Insiders Place Their Bets

In other Aurora Innovation news, Director Gloria R. Boyland sold 46,097 shares of the firm's stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $5.92, for a total value of $272,894.24. Following the transaction, the director now directly owns 330,425 shares of the company's stock, valued at approximately $1,956,116. This trade represents a 12.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 11.85% of the company's stock.

Hedge Funds Weigh In On Aurora Innovation

Several institutional investors and hedge funds have recently bought and sold shares of the stock. CoreCap Advisors LLC increased its stake in shares of Aurora Innovation by 15.0% in the fourth quarter. CoreCap Advisors LLC now owns 13,177 shares of the company's stock worth $83,000 after purchasing an additional 1,717 shares in the last quarter. United Bank raised its position in shares of Aurora Innovation by 17.0% during the 1st quarter. United Bank now owns 13,064 shares of the company's stock valued at $88,000 after purchasing an additional 1,900 shares during the period. Principal Financial Group Inc. raised its position in shares of Aurora Innovation by 3.0% during the 1st quarter. Principal Financial Group Inc. now owns 70,652 shares of the company's stock valued at $475,000 after purchasing an additional 2,061 shares during the period. PNC Financial Services Group Inc. raised its position in shares of Aurora Innovation by 37.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 7,683 shares of the company's stock valued at $52,000 after purchasing an additional 2,085 shares during the period. Finally, Corient Private Wealth LLC raised its position in shares of Aurora Innovation by 11.5% during 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 period. 44.71% of the stock is currently owned by hedge funds and other 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.