Aurora Innovation, Inc. (NASDAQ:AUR - Get Free Report)'s share price dropped 1.7% on Thursday . The company traded as low as $5.73 and last traded at $5.78. Approximately 3,410,529 shares traded hands during trading, a decline of 75% from the average daily volume of 13,702,983 shares. The stock had previously closed at $5.88.
Wall Street Analyst Weigh In
AUR has been the subject of a number of recent analyst reports. The Goldman Sachs Group increased their price target on Aurora Innovation from $6.00 to $7.00 and gave the stock a "neutral" rating in a report on Monday, May 12th. Oppenheimer initiated coverage on Aurora Innovation in a report on Thursday, March 27th. They set an "outperform" rating and a $15.00 price target for the company. TD Cowen initiated coverage on Aurora Innovation in a report on Friday, March 7th. They set a "hold" rating and a $8.00 price target for the company. Evercore ISI increased their price target on Aurora Innovation from $5.00 to $6.00 and gave the stock an "in-line" rating in a report on Tuesday, February 18th. Finally, 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 for the company. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, Aurora Innovation presently has a consensus rating of "Moderate Buy" and an average price target of $10.75.
Check Out Our Latest Report on AUR
Aurora Innovation Trading Down 4.0%
The company has a market cap of $9.66 billion, a P/E ratio of -11.62 and a beta of 2.59. The stock's 50-day moving average price is $6.45 and its 200-day moving average price is $6.87.
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). On average, research analysts anticipate that Aurora Innovation, Inc. will post -0.49 earnings per share for the current fiscal year.
Insider Activity at Aurora Innovation
In related news, Director Gloria R. Boyland sold 46,097 shares of the firm's stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $5.92, for a total value of $272,894.24. Following the transaction, the director now owns 330,425 shares of the company's stock, valued at approximately $1,956,116. This trade represents a 12.24% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 11.85% of the stock is owned by insiders.
Hedge Funds Weigh In On Aurora Innovation
Several large investors have recently added to or reduced their stakes in the business. Uber Technologies Inc bought a new position in Aurora Innovation in the 4th quarter valued at about $2,053,632,000. Vanguard Group Inc. lifted its position in shares of Aurora Innovation by 2.1% during the 1st 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 in the last quarter. Toyota Motor Corp bought a new position in shares of Aurora Innovation during the 4th quarter worth approximately $298,294,000. Price T Rowe Associates Inc. MD lifted its position in shares of Aurora Innovation by 13.8% during the 4th 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 in the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Aurora Innovation by 2.5% during the 4th 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 in the last quarter. Institutional investors own 44.71% of the company's stock.
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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