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.
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