Aurora Innovation (NASDAQ:AUR) Trading 2.2% Higher – Time to Buy?

Aurora Innovation, Inc. (NASDAQ:AUR)’s stock price traded up 2.2% during trading on Friday . The stock traded as high as $5.40 and last traded at $5.29. 11,175,563 shares were traded during mid-day trading, a decline of 24% from the average session volume of 14,771,780 shares. The stock had previously closed at $5.17.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on AUR. Needham & Company LLC lifted their price objective 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. Oppenheimer began coverage on shares of Aurora Innovation in a report on Thursday, March 27th. They set an “outperform” rating and a $15.00 price objective for the company. Canaccord Genuity Group lifted their price objective on shares of Aurora Innovation from $10.00 to $15.00 and gave the stock a “buy” rating in a report on Friday, May 2nd. Finally, The Goldman Sachs Group lifted their price objective on shares of Aurora Innovation from $6.00 to $7.00 and gave the stock a “neutral” rating in a report on Monday, May 12th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $10.75.

Aurora Innovation Stock Up 2.2%

The stock’s 50 day moving average price is $6.16 and its 200-day moving average price is $6.68. The stock has a market capitalization of $9.35 billion, a PE ratio of -11.01 and a beta of 2.48.

Aurora Innovation (NASDAQ:AUR) last issued its 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, analysts forecast that Aurora Innovation, Inc. will post -0.49 earnings per share for the current year.

Insider Activity

In related news, Director Gloria R. Boyland sold 46,097 shares of the firm’s stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $5.92, for a total value of $272,894.24. Following the transaction, the director owned 330,425 shares of the company’s stock, valued at $1,956,116. This trade represents a 12.24% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 11.85% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Twin Tree Management LP boosted its holdings in shares of Aurora Innovation by 217.2% in the 4th quarter. Twin Tree Management LP now owns 4,450 shares of the company’s stock valued at $28,000 after buying an additional 3,047 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Aurora Innovation during the 1st quarter valued at approximately $32,000. Signaturefd LLC increased its stake in Aurora Innovation by 208.0% during the 1st quarter. Signaturefd LLC now owns 5,283 shares of the company’s stock valued at $36,000 after purchasing an additional 3,568 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Aurora Innovation by 147.3% in the first quarter. GAMMA Investing LLC now owns 5,922 shares of the company’s stock worth $40,000 after buying an additional 3,527 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its holdings in shares of Aurora Innovation by 37.2% in the first quarter. PNC Financial Services Group Inc. now owns 7,683 shares of the company’s stock worth $52,000 after buying an additional 2,085 shares during the last quarter. Hedge funds and other institutional investors 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.