Aurora Innovation, Inc. (NASDAQ:AUR - Get Free Report)'s stock price traded down 1.7% during mid-day trading on Thursday . The stock traded as low as $5.73 and last traded at $5.78. 3,410,529 shares changed hands during trading, a decline of 75% from the average session volume of 13,702,983 shares. The stock had previously closed at $5.88.
Analyst Ratings Changes
A number of analysts recently issued reports on the company. Needham & Company LLC boosted 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. 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 for the company. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $10.00 target price on shares of Aurora Innovation in a report on Thursday, February 13th. Canaccord Genuity Group increased their target price on shares of Aurora Innovation from $10.00 to $15.00 and gave the stock a "buy" rating in a research note on Friday, May 2nd. Finally, Morgan Stanley assumed coverage on shares of Aurora Innovation in a research report on Monday, March 3rd. They set an "overweight" rating and a $12.00 price target for the company. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $10.75.
Read Our Latest Report on AUR
Aurora Innovation Stock Performance
The company's 50-day moving average price is $6.45 and its two-hundred day moving average price is $6.87. The stock has a market cap of $9.84 billion, a PE ratio of -11.86 and a beta of 2.59.
Aurora Innovation (NASDAQ:AUR - Get Free Report) last issued 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). Equities research analysts forecast that Aurora Innovation, Inc. will post -0.49 earnings per share for the current fiscal year.
Insider Activity at Aurora Innovation
In other Aurora Innovation news, Director Gloria R. Boyland sold 46,097 shares of the stock in a transaction on 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 sale, the director now owns 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 filing with the SEC, which is available at the SEC website. 11.85% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On Aurora Innovation
Several hedge funds and other institutional investors have recently modified their holdings of AUR. Twin Tree Management LP increased its holdings in Aurora Innovation by 217.2% during the 4th 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. bought a new stake in shares of Aurora Innovation in the 1st quarter worth approximately $32,000. Signaturefd LLC increased its stake in shares of Aurora Innovation by 208.0% during the first quarter. Signaturefd LLC now owns 5,283 shares of the company's stock valued at $36,000 after buying an additional 3,568 shares during the period. GAMMA Investing LLC raised its holdings in shares of 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 acquiring an additional 3,527 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its holdings in shares of Aurora Innovation by 37.2% during the first quarter. PNC Financial Services Group Inc. now owns 7,683 shares of the company's stock valued at $52,000 after acquiring an additional 2,085 shares in the last quarter. 44.71% of the stock is owned by institutional investors.
About Aurora Innovation
(
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.
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