Aurora Innovation (NASDAQ:AUR) Trading 4.7% Higher - Still a Buy?

Aurora Innovation, Inc. (NASDAQ:AUR - Get Free Report) shares rose 4.7% during trading on Thursday . The company traded as high as $6.45 and last traded at $6.34. Approximately 9,396,876 shares traded hands during trading, a decline of 37% from the average daily volume of 14,887,024 shares. The stock had previously closed at $6.06.

Analyst Ratings Changes

A number of research analysts have recently issued reports on AUR shares. Needham & Company LLC lifted their target price on shares of Aurora Innovation from $10.00 to $13.00 and gave the company a "buy" rating in a research note on Friday, May 9th. The Goldman Sachs Group lifted their target price 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. Canaccord Genuity Group lifted 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. Finally, Oppenheimer started coverage on shares of Aurora Innovation in a research note on Thursday, March 27th. They issued an "outperform" rating and a $15.00 target price for the company. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $10.75.

Aurora Innovation Trading Up 5.8%

The stock's 50-day simple moving average is $5.86 and its 200-day simple moving average is $6.60. The stock has a market cap of $11.34 billion, a price-to-earnings ratio of -13.35 and a beta of 2.48.

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

Insider Buying and Selling at Aurora Innovation

In related news, Director Gloria R. Boyland sold 46,097 shares of the 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 owned 330,425 shares of the company's stock, valued at $1,956,116. This represents a 12.24% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 11.85% of the company's stock.

Hedge Funds Weigh In On Aurora Innovation

A number of hedge funds have recently modified their holdings of the business. Uber Technologies Inc acquired a new position in shares of Aurora Innovation during the fourth quarter worth $2,053,632,000. Vanguard Group Inc. increased its position in shares of Aurora Innovation by 2.1% during the first quarter. Vanguard Group Inc. now owns 115,413,401 shares of the company's stock worth $776,155,000 after buying an additional 2,392,995 shares during the period. Toyota Motor Corp acquired a new stake in shares of Aurora Innovation during the fourth quarter worth $298,294,000. Price T Rowe Associates Inc. MD increased its position in shares of 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 buying an additional 3,237,609 shares during the period. Finally, Geode Capital Management LLC increased its position in shares of Aurora Innovation by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 23,374,230 shares of the company's stock worth $147,292,000 after buying an additional 577,704 shares during the period. Institutional investors and hedge funds 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.