Aurora Innovation (NASDAQ:AUR) Hits New 1-Year Low at $2.20

Shares of Aurora Innovation, Inc. (NASDAQ:AUR – Get Rating) hit a new 52-week low on Friday . The company traded as low as $2.20 and last traded at $2.24, with a volume of 13160313 shares changing hands. The stock had previously closed at $2.26.

Separately, The Goldman Sachs Group reduced their target price on shares of Aurora Innovation from $6.00 to $4.00 and set a “neutral” rating on the stock in a research report on Wednesday, June 1st.

The company has a 50 day simple moving average of $3.76 and a 200 day simple moving average of $6.13.

Aurora Innovation (NASDAQ:AUR – Get Rating) last announced its quarterly earnings data on Wednesday, May 4th. The company reported ($0.07) earnings per share for the quarter. The company had revenue of $42.00 million during the quarter.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Ovata Capital Management Ltd purchased a new stake in Aurora Innovation in the first quarter worth $25,000. Fifth Third Bancorp purchased a new position in shares of Aurora Innovation in the first quarter worth $28,000. Wells Fargo & Company MN bought a new stake in Aurora Innovation in the fourth quarter worth $60,000. Wolverine Asset Management LLC bought a new stake in Aurora Innovation in the fourth quarter worth $59,000. Finally, Point72 Asset Management L.P. bought a new position in Aurora Innovation during the fourth quarter valued at $108,000. Institutional investors own 22.35% of the company’s stock.

Aurora Innovation Company Profile (NASDAQ:AUR)

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 passenger vehicles, light commercial vehicles, and trucks.

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