Aurora Innovation (NASDAQ:AUR) Trading Up 2% - Should You Buy?

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

Analyst Upgrades and Downgrades

Several research firms have weighed in on AUR. Needham & Company LLC increased their target price on Aurora Innovation from $10.00 to $13.00 and gave the company a "buy" rating in a research note on Friday, May 9th. TD Cowen started coverage on shares of Aurora Innovation in a research report on Friday, March 7th. They issued a "hold" rating and a $8.00 price target on the stock. 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 note on Friday, May 2nd. Morgan Stanley began coverage on shares of Aurora Innovation in a research note on Monday, March 3rd. They issued an "overweight" rating and a $12.00 target price for the company. Finally, Oppenheimer started coverage on shares of Aurora Innovation in a report on Thursday, March 27th. They issued an "outperform" rating and a $15.00 target price on the stock. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $10.75.

Aurora Innovation Trading Up 2.1%

The firm has a market capitalization of $9.55 billion, a P/E ratio of -11.25 and a beta of 2.59. The business has a 50 day moving average of $6.30 and a 200-day moving average of $6.78.

Aurora Innovation (NASDAQ:AUR - Get Free Report) last issued its quarterly earnings data 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). On average, analysts anticipate 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 business's stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $5.92, for a total value of $272,894.24. Following the sale, the director now owns 330,425 shares in the company, valued at approximately $1,956,116. The trade was a 12.24% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 11.85% of the company's stock.

Institutional Trading of Aurora Innovation

A number of hedge funds and other institutional investors have recently made changes to their positions in AUR. Uber Technologies Inc bought a new position in Aurora Innovation in the fourth quarter valued at $2,053,632,000. Toyota Motor Corp acquired a new position in shares of Aurora Innovation during the 4th quarter worth about $298,294,000. Lightspeed Management Company L.L.C. bought a new position in shares of Aurora Innovation in the 4th quarter valued at about $74,003,000. Norges Bank acquired a new stake in shares of Aurora Innovation in the fourth quarter valued at about $45,772,000. Finally, Price T Rowe Associates Inc. MD raised its holdings in Aurora Innovation by 13.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 26,671,319 shares of the company's stock worth $168,030,000 after acquiring an additional 3,237,609 shares in 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.