Free Trial

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

Aurora Innovation logo with Business Services background

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.

Check Out Our Latest Report on AUR

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

(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.

Further Reading

Should You Invest $1,000 in Aurora Innovation Right Now?

Before you consider Aurora Innovation, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Aurora Innovation wasn't on the list.

While Aurora Innovation currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

These 7 Stocks Will Be Magnificent in 2025 Cover

Discover the next wave of investment opportunities with our report, 7 Stocks That Will Be Magnificent in 2025. Explore companies poised to replicate the growth, innovation, and value creation of the tech giants dominating today's markets.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

ALERT: Big Tech Earnings – Watch Before Wednesday
ACT FAST! Congress is Dumping these 3 Stocks
3 “Boring” Mega Cap Stocks to Turn Into Pure Profit

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines