Aurora Innovation (NASDAQ:AUR) Stock Price Down 1.2% - Should You Sell?

Aurora Innovation, Inc. (NASDAQ:AUR - Get Free Report) was down 1.2% during trading on Friday . The company traded as low as $5.25 and last traded at $5.32. Approximately 1,519,915 shares traded hands during trading, a decline of 90% from the average daily volume of 14,842,620 shares. The stock had previously closed at $5.38.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on AUR shares. Oppenheimer assumed coverage on shares of Aurora Innovation in a research report on Thursday, March 27th. They issued an "outperform" rating and a $15.00 target price for the company. The Goldman Sachs Group lifted their price target on Aurora Innovation from $6.00 to $7.00 and gave the stock a "neutral" rating in a research note on Monday, May 12th. Needham & Company LLC upped their price objective on Aurora Innovation from $10.00 to $13.00 and gave the company a "buy" rating in a research note on Friday, May 9th. Finally, Canaccord Genuity Group boosted their price target on Aurora Innovation from $10.00 to $15.00 and gave the company a "buy" rating in a report on Friday, May 2nd. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Aurora Innovation currently has an average rating of "Moderate Buy" and a consensus target price of $10.75.

Aurora Innovation Stock Up 8.2%

The company has a market capitalization of $10.01 billion, a price-to-earnings ratio of -11.79 and a beta of 2.48. The stock has a 50 day simple moving average of $5.95 and a 200 day simple moving average of $6.61.

Aurora Innovation (NASDAQ:AUR - Get Free Report) last released its quarterly earnings data 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). As a group, analysts forecast that Aurora Innovation, Inc. will post -0.49 EPS for the current year.

Insider Activity

In other news, Director Gloria R. Boyland sold 46,097 shares of the company's stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $5.92, for a total transaction of $272,894.24. Following the completion of the transaction, the director owned 330,425 shares in the company, valued at approximately $1,956,116. This represents a 12.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 11.85% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Twin Tree Management LP increased its stake in shares of Aurora Innovation by 217.2% in the fourth quarter. Twin Tree Management LP now owns 4,450 shares of the company's stock valued at $28,000 after purchasing an additional 3,047 shares during the period. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Aurora Innovation in the 1st quarter valued at approximately $32,000. Signaturefd LLC increased its position in Aurora Innovation by 208.0% in the 1st quarter. Signaturefd LLC now owns 5,283 shares of the company's stock valued at $36,000 after acquiring an additional 3,568 shares during the period. GAMMA Investing LLC raised its stake in Aurora Innovation by 147.3% during the 1st quarter. GAMMA Investing LLC now owns 5,922 shares of the company's stock valued at $40,000 after acquiring an additional 3,527 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its stake in Aurora Innovation by 463.3% during the 2nd quarter. Farther Finance Advisors LLC now owns 7,616 shares of the company's stock valued at $40,000 after acquiring an additional 6,264 shares in the last quarter. 44.71% of the stock is owned by institutional investors and hedge funds.

About Aurora Innovation

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.