Shares of Aurora Innovation, Inc. (NASDAQ:AUR - Get Free Report) were down 2.2% during mid-day trading on Tuesday . The stock traded as low as $5.00 and last traded at $5.13. Approximately 8,896,435 shares were traded during trading, a decline of 39% from the average daily volume of 14,606,348 shares. The stock had previously closed at $5.24.
Wall Street Analyst Weigh In
Several equities analysts have issued reports on AUR shares. The Goldman Sachs Group raised their price objective on Aurora Innovation from $6.00 to $7.00 and gave the stock a "neutral" rating in a report on Monday, May 12th. 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. Oppenheimer began coverage on shares of Aurora Innovation in a research note on Thursday, March 27th. They set an "outperform" rating and a $15.00 target price for the company. TD Cowen began coverage on shares of Aurora Innovation in a research note on Friday, March 7th. They set a "hold" rating and a $8.00 target price for the company. Finally, Needham & Company LLC increased their target price on shares of Aurora Innovation from $10.00 to $13.00 and gave the stock a "buy" rating in a research note on Friday, May 9th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Aurora Innovation currently has an average rating of "Moderate Buy" and a consensus target price of $10.75.
View Our Latest Stock Analysis on Aurora Innovation
Aurora Innovation Price Performance
The stock has a market cap of $9.35 billion, a price-to-earnings ratio of -11.01 and a beta of 2.48. The stock's 50-day moving average is $6.20 and its 200 day moving average is $6.71.
Aurora Innovation (NASDAQ:AUR - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported ($0.12) EPS for the quarter, missing analysts' consensus estimates of ($0.11) by ($0.01). Analysts anticipate that Aurora Innovation, Inc. will post -0.49 EPS for the current year.
Insider Buying and Selling
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 completion of the sale, the director owned 330,425 shares in the company, valued at $1,956,116. This trade represents a 12.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 11.85% of the stock is currently owned by insiders.
Institutional Investors Weigh In On Aurora Innovation
A number of hedge funds have recently added to or reduced their stakes in AUR. Twin Tree Management LP lifted its position in 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. purchased a new position in Aurora Innovation in the first quarter valued at about $32,000. Signaturefd LLC increased its holdings in Aurora Innovation by 208.0% in 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 in the last quarter. GAMMA Investing LLC increased its holdings in Aurora Innovation by 147.3% in 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, PNC Financial Services Group Inc. increased its holdings in Aurora Innovation by 37.2% in the first quarter. PNC Financial Services Group Inc. now owns 7,683 shares of the company's stock valued at $52,000 after buying an additional 2,085 shares in the last quarter. Institutional investors and hedge funds 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.
Further Reading
Before you consider Aurora Innovation, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Aurora Innovation wasn't on the list.
While Aurora Innovation currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
