Aurora Innovation (NASDAQ:AUR) Stock Price Down 1.7% - Should You Sell?

Aurora Innovation, Inc. (NASDAQ:AUR - Get Free Report)'s stock price fell 1.7% during mid-day trading on Tuesday . The company traded as low as $5.74 and last traded at $5.76. 6,809,664 shares traded hands during trading, a decline of 49% from the average session volume of 13,468,809 shares. The stock had previously closed at $5.86.

Analyst Ratings Changes

A number of equities research analysts have weighed in on AUR shares. Oppenheimer initiated coverage on Aurora Innovation in a research note on Thursday, March 27th. They issued an "outperform" rating and a $15.00 price objective for the company. TD Cowen began coverage on shares of Aurora Innovation in a research report on Friday, March 7th. They set a "hold" rating and a $8.00 price objective on the stock. The Goldman Sachs Group upped their target price on shares of Aurora Innovation from $6.00 to $7.00 and gave the company a "neutral" rating in a report on Monday, May 12th. Morgan Stanley initiated coverage on Aurora Innovation in a report on Monday, March 3rd. They set an "overweight" rating and a $12.00 price target on the stock. Finally, Canaccord Genuity Group increased their price objective on Aurora Innovation from $10.00 to $15.00 and gave the stock a "buy" rating in a research report on Friday, May 2nd. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, Aurora Innovation presently has an average rating of "Moderate Buy" and a consensus target price of $10.75.

Aurora Innovation Price Performance

The firm has a market cap of $10.28 billion, a PE ratio of -12.36 and a beta of 2.76. The business has a 50-day moving average price of $6.52 and a two-hundred day moving average price of $6.88.

Aurora Innovation (NASDAQ:AUR - Get Free Report) last posted its quarterly 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). Equities analysts expect that Aurora Innovation, Inc. will post -0.49 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Aurora Innovation

Hedge funds and other institutional investors have recently made changes to their positions in the business. Twin Tree Management LP boosted its position in Aurora Innovation by 217.2% in the 4th quarter. Twin Tree Management LP now owns 4,450 shares of the company's stock valued at $28,000 after buying an additional 3,047 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Aurora Innovation in the 1st quarter valued at about $32,000. Signaturefd LLC grew its stake in Aurora Innovation by 208.0% in the first quarter. Signaturefd LLC now owns 5,283 shares of the company's stock worth $36,000 after purchasing an additional 3,568 shares in the last quarter. GAMMA Investing LLC raised its stake in Aurora Innovation by 147.3% during the first quarter. GAMMA Investing LLC now owns 5,922 shares of the company's stock valued at $40,000 after buying an additional 3,527 shares in the last quarter. Finally, GPS Wealth Strategies Group LLC grew its position in shares of Aurora Innovation by 241.7% in the 4th quarter. GPS Wealth Strategies Group LLC now owns 7,005 shares of the company's stock worth $44,000 after acquiring an additional 4,955 shares in the last quarter. 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.