Aurora Innovation (NASDAQ:AUR) Stock Price Up 6.9%

Shares of Aurora Innovation, Inc. (NASDAQ:AUR – Get Rating) rose 6.9% during trading on Friday . The stock traded as high as $1.39 and last traded at $1.39. Approximately 8,697 shares traded hands during trading, a decline of 100% from the average daily volume of 1,823,234 shares. The stock had previously closed at $1.30.

Wall Street Analyst Weigh In

AUR has been the topic of several research analyst reports. DA Davidson reduced their price target on shares of Aurora Innovation from $14.25 to $8.00 and set a “buy” rating on the stock in a research report on Thursday, September 29th. The Goldman Sachs Group cut their target price on shares of Aurora Innovation from $4.00 to $2.50 and set a “neutral” rating on the stock in a report on Tuesday, October 11th.

Aurora Innovation Price Performance

The stock’s fifty day simple moving average is $1.36 and its 200-day simple moving average is $2.02. The stock has a market cap of $1.62 billion, a P/E ratio of -0.90 and a beta of 1.20.

Aurora Innovation (NASDAQ:AUR – Get Rating) last announced its quarterly earnings results on Wednesday, November 2nd. The company reported ($0.17) EPS for the quarter. Aurora Innovation had a negative net margin of 1,815.83% and a negative return on equity of 25.08%. The firm had revenue of $2.90 million during the quarter.

Institutional Investors Weigh In On Aurora Innovation

Large investors have recently made changes to their positions in the company. TD Asset Management Inc. acquired a new stake in shares of Aurora Innovation in the second quarter valued at approximately $962,000. Serengeti Asset Management LP acquired a new position in shares of Aurora Innovation during the third quarter valued at approximately $2,431,000. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Aurora Innovation by 65.4% during the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 23,658 shares of the company’s stock valued at $4,434,000 after acquiring an additional 9,358 shares during the period. Cookson Peirce & Co. Inc. acquired a new position in shares of Aurora Innovation during the second quarter valued at approximately $2,851,000. Finally, Kathleen S. Wright Associates Inc. acquired a new position in shares of Aurora Innovation during the second quarter valued at approximately $27,000. Institutional investors and hedge funds own 46.54% of the company’s stock.

About Aurora Innovation

(Get Rating)

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.