Aurora Innovation, Inc. (NASDAQ:AUR - Get Free Report) was up 2.3% during mid-day trading on Monday . The company traded as high as $6.50 and last traded at $6.41. Approximately 3,295,509 shares changed hands during trading, a decline of 78% from the average daily volume of 14,943,914 shares. The stock had previously closed at $6.26.
Analysts Set New Price Targets
A number of research analysts recently issued reports on AUR shares. Needham & Company LLC lifted their price target on shares of Aurora Innovation from $10.00 to $13.00 and gave the company a "buy" rating in a research report on Friday, May 9th. Canaccord Genuity Group lifted their price target on shares of Aurora Innovation from $10.00 to $15.00 and gave the company a "buy" rating in a research report on Friday, May 2nd. The Goldman Sachs Group raised their price objective on shares of Aurora Innovation from $6.00 to $7.00 and gave the company a "neutral" rating in a research note on Monday, May 12th. Finally, Oppenheimer assumed coverage on shares of Aurora Innovation in a research note on Thursday, March 27th. They set an "outperform" rating and a $15.00 price objective for the company. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $10.75.
Read Our Latest Report on Aurora Innovation
Aurora Innovation Trading Up 0.8%
The business's 50 day simple moving average is $5.74 and its two-hundred day simple moving average is $6.59. The firm has a market capitalization of $11.53 billion, a P/E ratio of -13.58 and a beta of 2.48.
Aurora Innovation (NASDAQ:AUR - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported ($0.12) EPS for the quarter, missing analysts' consensus estimates of ($0.11) by ($0.01). Analysts predict that Aurora Innovation, Inc. will post -0.49 EPS for the current fiscal year.
Insider Activity at Aurora Innovation
In other news, Director Gloria R. Boyland sold 46,097 shares of Aurora Innovation stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $5.92, for a total value of $272,894.24. Following the completion of the sale, the director directly owned 330,425 shares in the company, valued at $1,956,116. The trade was a 12.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 11.85% of the stock is owned by corporate insiders.
Institutional Trading of Aurora Innovation
Large investors have recently added to or reduced their stakes in the business. Raymond James Financial Inc. purchased a new position in Aurora Innovation during the fourth quarter valued at approximately $702,000. Avantax Advisory Services Inc. purchased a new position in Aurora Innovation during the fourth quarter valued at approximately $65,000. Commonwealth Equity Services LLC lifted its holdings in Aurora Innovation by 131.4% during the fourth 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 in the last quarter. Corient Private Wealth LLC lifted its holdings in Aurora Innovation by 11.5% during the fourth 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 in the last quarter. Finally, Xponance Inc. lifted its holdings in Aurora Innovation by 11.7% during the fourth quarter. Xponance Inc. now owns 69,798 shares of the company's stock valued at $440,000 after purchasing an additional 7,336 shares in the last quarter. 44.71% of the stock is currently owned by institutional investors.
Aurora Innovation Company Profile
(
Get Free Report)
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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