Oppenheimer & Co. Inc. acquired a new stake in Aurora Innovation, Inc. (NASDAQ:AUR - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 51,886 shares of the company's stock, valued at approximately $349,000.
Other hedge funds have also added to or reduced their stakes in the company. Twin Tree Management LP grew its stake in Aurora Innovation by 217.2% in the 4th quarter. Twin Tree Management LP now owns 4,450 shares of the company's stock worth $28,000 after acquiring an additional 3,047 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new position in Aurora Innovation in the 1st quarter worth about $32,000. GAMMA Investing LLC grew 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 worth $40,000 after acquiring an additional 3,527 shares in the last quarter. Avantax Advisory Services Inc. bought a new position in Aurora Innovation in the 4th quarter worth about $65,000. Finally, Retirement Planning Group LLC bought a new position in Aurora Innovation in the 1st quarter worth about $70,000. 44.71% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
A number of equities analysts have commented on AUR shares. Oppenheimer began coverage on shares of Aurora Innovation in a research note on Thursday, March 27th. They issued an "outperform" rating and a $15.00 target price on the stock. Needham & Company LLC increased their price objective on shares of Aurora Innovation from $10.00 to $13.00 and gave the company a "buy" rating in a research note on Friday, May 9th. Canaccord Genuity Group increased their price objective on shares of Aurora Innovation from $10.00 to $15.00 and gave the company a "buy" rating in a research note on Friday, May 2nd. Finally, The Goldman Sachs Group increased their price objective on shares of Aurora Innovation from $6.00 to $7.00 and gave the company a "neutral" rating in a research note on Monday, May 12th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Aurora Innovation currently has an average rating of "Moderate Buy" and an average target price of $10.75.
Check Out Our Latest Research Report on AUR
Insiders Place Their Bets
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 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 directly 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. 11.85% of the stock is currently owned by company insiders.
Aurora Innovation Stock Up 2.2%
Shares of NASDAQ AUR traded up $0.12 during midday trading on Friday, reaching $5.29. 11,175,563 shares of the company's stock traded hands, compared to its average volume of 14,813,382. The stock's 50 day simple moving average is $6.16 and its 200-day simple moving average is $6.68. Aurora Innovation, Inc. has a one year low of $2.87 and a one year high of $10.77. The company has a market cap of $9.35 billion, a price-to-earnings ratio of -11.01 and a beta of 2.48.
Aurora Innovation (NASDAQ:AUR - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.01). Equities analysts predict that Aurora Innovation, Inc. will post -0.49 EPS for the current fiscal year.
About Aurora Innovation
(
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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