Aurora Innovation (NASDAQ:AUR) Trading Up 3.4% - What's Next?

Shares of Aurora Innovation, Inc. (NASDAQ:AUR - Get Free Report) were up 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 changed hands during 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 topic of a number of research reports. Morgan Stanley started 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. The Goldman Sachs Group lifted 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. TD Cowen started coverage on Aurora Innovation in a research note on Friday, March 7th. They issued a "hold" rating and a $8.00 price objective on the stock. Needham & Company LLC boosted their price objective on Aurora Innovation from $10.00 to $13.00 and gave the stock a "buy" rating in a research report on Friday, May 9th. Finally, Canaccord Genuity Group increased their target price on shares of Aurora Innovation from $10.00 to $15.00 and gave the company a "buy" rating in a research note on Friday, May 2nd. Four analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $10.75.

Aurora Innovation Trading Up 1.4%

The company has a market capitalization of $9.27 billion, a P/E ratio of -10.92 and a beta of 2.59. The stock has a 50 day moving average price of $6.27 and a 200 day moving average price of $6.75.

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). On average, research analysts predict that Aurora Innovation, Inc. will post -0.49 EPS for the current year.

Insider Buying and Selling

In other Aurora Innovation news, Director Gloria R. Boyland sold 46,097 shares of the company's 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 transaction, the director directly owned 330,425 shares in the company, valued at approximately $1,956,116. This represents a 12.24% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 11.85% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Aurora Innovation

A number of institutional investors have recently made changes to their positions in AUR. Jones Financial Companies Lllp grew its stake in Aurora Innovation by 1,681.6% during the fourth quarter. Jones Financial Companies Lllp now owns 24,051 shares of the company's stock worth $152,000 after purchasing an additional 22,701 shares during the period. SBI Securities Co. Ltd. acquired a new stake in shares of Aurora Innovation during the 4th quarter worth approximately $237,000. Charles Schwab Investment Management Inc. increased its stake in shares of Aurora Innovation by 3.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 8,693,947 shares of the company's stock valued at $54,772,000 after acquiring an additional 269,120 shares in the last quarter. Victory Capital Management Inc. lifted its position in shares of Aurora Innovation by 7.3% during the 4th quarter. Victory Capital Management Inc. now owns 120,485 shares of the company's stock valued at $759,000 after acquiring an additional 8,194 shares during the period. Finally, Aigen Investment Management LP bought a new position in Aurora Innovation during the fourth quarter worth $83,000. Institutional investors own 44.71% of the company's stock.

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.