Aurora Innovation (NASDAQ:AUR) Reaches New 52-Week High - Time to Buy?

Aurora Innovation, Inc. (NASDAQ:AUR - Get Free Report)'s share price hit a new 52-week high during trading on Friday . The stock traded as high as $10.37 and last traded at $10.59, with a volume of 9171235 shares changing hands. The stock had previously closed at $9.42.

Wall Street Analysts Forecast Growth

Several brokerages have commented on AUR. TD Cowen raised their price objective on Aurora Innovation from $3.00 to $4.00 and gave the company a "hold" rating in a research report on Thursday, October 31st. The Goldman Sachs Group raised their price objective on Aurora Innovation from $2.00 to $2.50 and gave the company a "sell" rating in a research report on Monday, November 4th. Evercore ISI raised their price target on Aurora Innovation from $5.00 to $6.00 and gave the company an "in-line" rating in a report on Tuesday. Cantor Fitzgerald restated an "overweight" rating and set a $10.00 price target on shares of Aurora Innovation in a report on Thursday, February 13th. Finally, Wolfe Research started coverage on Aurora Innovation in a report on Tuesday, November 26th. They set a "peer perform" rating for the company. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $6.50.

Aurora Innovation Stock Down 5.6 %

The firm has a fifty day moving average price of $7.19 and a two-hundred day moving average price of $5.94. The stock has a market capitalization of $15.35 billion, a P/E ratio of -19.01 and a beta of 2.85.

Aurora Innovation (NASDAQ:AUR - Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The company reported ($0.11) EPS for the quarter. Sell-side analysts anticipate that Aurora Innovation, Inc. will post -0.49 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Gloria R. Boyland sold 30,000 shares of Aurora Innovation stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $6.30, for a total value of $189,000.00. Following the completion of the sale, the director now directly owns 344,647 shares in the company, valued at approximately $2,171,276.10. This trade represents a 8.01 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 13.83% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Aurora Innovation

Several large investors have recently bought and sold shares of AUR. Twin Tree Management LP grew its stake in shares of Aurora Innovation by 217.2% during the 4th quarter. Twin Tree Management LP now owns 4,450 shares of the company's stock valued at $28,000 after purchasing an additional 3,047 shares during the period. GPS Wealth Strategies Group LLC grew its stake in shares of Aurora Innovation by 241.7% during the 4th quarter. GPS Wealth Strategies Group LLC now owns 7,005 shares of the company's stock valued at $44,000 after purchasing an additional 4,955 shares during the period. Souders Financial Advisors bought a new stake in shares of Aurora Innovation during the 3rd quarter valued at about $59,000. Grimes & Company Inc. bought a new stake in shares of Aurora Innovation during the 4th quarter valued at about $63,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of Aurora Innovation during the 3rd quarter valued at about $60,000. 44.71% of the stock is currently owned by institutional investors.

About Aurora Innovation

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.