Aurora Innovation (NASDAQ:AUR) Shares Up 3.4% - Should You Buy?

Aurora Innovation, Inc. (NASDAQ:AUR - Get Free Report) shares rose 3.4% during mid-day trading on Monday . The company traded as high as $5.40 and last traded at $5.35. Approximately 8,524,759 shares traded hands during mid-day trading, a decline of 56% from the average daily volume of 19,208,395 shares. The stock had previously closed at $5.17.

Wall Street Analysts Forecast Growth

AUR has been the subject of several research analyst reports. Needham & Company LLC upped their target price on shares of Aurora Innovation from $10.00 to $13.00 and gave the company a "buy" rating in a report on Friday, May 9th. TD Cowen began coverage on shares of Aurora Innovation in a report on Friday, March 7th. They issued a "hold" rating and a $8.00 target price on the stock. Canaccord Genuity Group upped their target price on shares of Aurora Innovation from $10.00 to $15.00 and gave the company a "buy" rating in a report on Friday, May 2nd. The Goldman Sachs Group increased their price objective on Aurora Innovation from $6.00 to $7.00 and gave the stock a "neutral" rating in a research report on Monday, May 12th. Finally, Oppenheimer started 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. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, Aurora Innovation presently has a consensus rating of "Moderate Buy" and an average price target of $10.75.

Aurora Innovation Trading Up 2.2%

The firm has a market capitalization of $9.35 billion, a price-to-earnings ratio of -11.01 and a beta of 2.48. The stock's 50 day moving average price is $6.20 and its two-hundred day moving average price is $6.71.

Aurora Innovation (NASDAQ:AUR - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported ($0.12) earnings per share for the quarter, missing analysts' consensus estimates of ($0.11) by ($0.01). On average, sell-side analysts forecast that Aurora Innovation, Inc. will post -0.49 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Gloria R. Boyland sold 46,097 shares of the company'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 owned 330,425 shares of the company's stock, valued at approximately $1,956,116. This represents a 12.24% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 11.85% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Rhumbline Advisers lifted its holdings in shares of Aurora Innovation by 1.8% during the 1st quarter. Rhumbline Advisers now owns 1,410,036 shares of the company's stock worth $9,482,000 after acquiring an additional 24,584 shares during the period. Strs Ohio purchased a new position in Aurora Innovation during the first quarter worth approximately $746,000. Acadian Asset Management LLC acquired a new position in shares of Aurora Innovation in the 1st quarter valued at $1,174,000. Intech Investment Management LLC grew its stake in shares of Aurora Innovation by 41.7% during the 1st quarter. Intech Investment Management LLC now owns 620,181 shares of the company's stock valued at $4,171,000 after buying an additional 182,573 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Aurora Innovation by 6.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,046,760 shares of the company's stock valued at $13,764,000 after buying an additional 127,953 shares during the period. 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.