Shares of Aurora Innovation, Inc. (NASDAQ:AUR - Get Free Report) traded down 2.7% during trading on Wednesday . The stock traded as low as $5.27 and last traded at $5.31. 3,005,909 shares were traded during mid-day trading, a decline of 79% from the average session volume of 14,130,967 shares. The stock had previously closed at $5.45.
Analysts Set New Price Targets
A number of research analysts have recently weighed in on the stock. Needham & Company LLC raised their price target on shares of Aurora Innovation from $10.00 to $13.00 and gave the company a "buy" rating in a report on Friday, May 9th. Oppenheimer began coverage on Aurora Innovation in a report on Thursday, March 27th. They set an "outperform" rating and a $15.00 target price on the stock. TD Cowen initiated coverage on Aurora Innovation in a research note on Friday, March 7th. They set a "hold" rating and a $8.00 price target for the company. The Goldman Sachs Group increased their price objective on Aurora Innovation from $6.00 to $7.00 and gave the company a "neutral" rating in a report on Monday, May 12th. Finally, Canaccord Genuity Group boosted their target price on Aurora Innovation from $10.00 to $15.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $10.75.
Check Out Our Latest Analysis on AUR
Aurora Innovation Stock Performance
The firm has a 50 day moving average of $6.30 and a two-hundred day moving average of $6.78. The stock has a market cap of $9.55 billion, a P/E ratio of -11.25 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). On average, sell-side analysts anticipate that Aurora Innovation, Inc. will post -0.49 EPS for the current fiscal year.
Insider Buying and Selling at Aurora Innovation
In other Aurora Innovation news, Director Gloria R. Boyland sold 46,097 shares of the firm's stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $5.92, for a total value of $272,894.24. Following the completion of the sale, the director now owns 330,425 shares in the company, 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. Insiders own 11.85% of the company's stock.
Institutional Trading of Aurora Innovation
A number of institutional investors and hedge funds have recently modified their holdings of AUR. Twin Tree Management LP increased its holdings 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 period. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Aurora Innovation during the 1st quarter valued at about $32,000. Signaturefd LLC boosted its position in shares of Aurora Innovation by 208.0% during the 1st quarter. Signaturefd LLC now owns 5,283 shares of the company's stock valued at $36,000 after acquiring an additional 3,568 shares in the last quarter. GAMMA Investing LLC increased its stake 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 acquiring an additional 3,527 shares during the period. Finally, PNC Financial Services Group Inc. raised its position 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 worth $52,000 after purchasing an additional 2,085 shares in the last quarter. 44.71% of the stock is currently 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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