Aurora Innovation (NASDAQ:AUR) Trading Up 4.5% - Here's Why

Aurora Innovation, Inc. (NASDAQ:AUR - Get Free Report)'s share price traded up 4.5% during mid-day trading on Tuesday . The stock traded as high as $6.25 and last traded at $6.21. 5,969,199 shares were traded during trading, a decline of 55% from the average session volume of 13,295,186 shares. The stock had previously closed at $5.94.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Canaccord Genuity Group raised their price target on shares of Aurora Innovation from $10.00 to $15.00 and gave the company a "buy" rating in a report on Friday, May 2nd. Needham & Company LLC boosted their price target on shares of Aurora Innovation from $10.00 to $13.00 and gave the stock a "buy" rating in a report on Friday, May 9th. Evercore ISI lifted their target price on shares of Aurora Innovation from $5.00 to $6.00 and gave the stock an "in-line" rating in a research note on Tuesday, February 18th. Oppenheimer assumed coverage on shares of Aurora Innovation in a research report on Thursday, March 27th. They set an "outperform" rating and a $15.00 price target on the stock. Finally, Cantor Fitzgerald reissued an "overweight" rating and set a $10.00 price target on shares of Aurora Innovation in a research report on Thursday, February 13th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $10.75.

Aurora Innovation Stock Performance

The company's fifty day moving average price is $6.68 and its two-hundred day moving average price is $6.87. The firm has a market capitalization of $10.76 billion, a PE ratio of -13.03 and a beta of 2.76.

Aurora Innovation (NASDAQ:AUR - Get Free Report) last released its quarterly earnings results 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). On average, equities analysts expect that Aurora Innovation, Inc. will post -0.49 earnings per share for the current year.

Institutional Trading of Aurora Innovation

Institutional investors and hedge funds have recently bought and sold shares of the stock. Twin Tree Management LP raised its holdings in Aurora Innovation by 217.2% during the 4th quarter. Twin Tree Management LP now owns 4,450 shares of the company's stock worth $28,000 after buying an additional 3,047 shares during the period. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Aurora Innovation in the 1st quarter valued at approximately $32,000. Signaturefd LLC increased its stake in Aurora Innovation by 208.0% in the 1st quarter. Signaturefd LLC now owns 5,283 shares of the company's stock valued at $36,000 after buying an additional 3,568 shares during the period. GAMMA Investing LLC increased its stake in Aurora Innovation by 147.3% in the 1st 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 during the period. Finally, GPS Wealth Strategies Group LLC grew its stake in shares of Aurora Innovation by 241.7% in the 4th quarter. GPS Wealth Strategies Group LLC now owns 7,005 shares of the company's stock valued at $44,000 after buying an additional 4,955 shares in the last quarter. Institutional investors and hedge funds own 44.71% of the company's stock.

Aurora Innovation Company Profile

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.