Aurora Innovation, Inc. (NASDAQ:AUR - Get Free Report)'s share price was up 2.5% during trading on Wednesday . The company traded as high as $5.87 and last traded at $5.94. Approximately 4,176,326 shares traded hands during mid-day trading, a decline of 72% from the average daily volume of 14,884,017 shares. The stock had previously closed at $5.79.
Analyst Ratings Changes
A number of equities analysts have recently commented on AUR shares. Needham & Company LLC raised their price target on Aurora Innovation from $10.00 to $13.00 and gave the stock a "buy" rating in a report on Friday, May 9th. The Goldman Sachs Group raised 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 started coverage on Aurora Innovation in a report on Thursday, March 27th. They issued an "outperform" rating and a $15.00 price target for the company. Finally, Canaccord Genuity Group raised their price target 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 stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $10.75.
Check Out Our Latest Analysis on AUR
Aurora Innovation Trading Up 5.8%
The company has a market capitalization of $11.34 billion, a PE ratio of -13.35 and a beta of 2.48. The stock has a fifty day moving average of $5.86 and a two-hundred day moving average of $6.60.
Aurora Innovation (NASDAQ:AUR - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported ($0.12) earnings per share for the quarter, missing analysts' consensus estimates of ($0.11) by ($0.01). Equities analysts forecast that Aurora Innovation, Inc. will post -0.49 EPS for the current year.
Insider Buying and Selling at Aurora Innovation
In other news, Director Gloria R. Boyland sold 46,097 shares of the business's stock in a transaction dated 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 owned 330,425 shares of the company's stock, valued at approximately $1,956,116. The trade was a 12.24% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 11.85% of the company's stock.
Institutional Investors Weigh In On Aurora Innovation
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Uber Technologies Inc purchased a new position in Aurora Innovation during the 4th quarter valued at about $2,053,632,000. Vanguard Group Inc. increased its holdings in Aurora Innovation by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 115,413,401 shares of the company's stock valued at $776,155,000 after purchasing an additional 2,392,995 shares during the period. Toyota Motor Corp purchased a new position in Aurora Innovation during the 4th quarter valued at about $298,294,000. Price T Rowe Associates Inc. MD increased its holdings in 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 valued at $168,030,000 after purchasing an additional 3,237,609 shares during the period. Finally, Geode Capital Management LLC increased its holdings in Aurora Innovation by 2.5% during the 4th quarter. Geode Capital Management LLC now owns 23,374,230 shares of the company's stock valued at $147,292,000 after purchasing an additional 577,704 shares during the period. 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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