Aurora Innovation (NASDAQ:AUR) Hits New 12-Month High - What's Next?

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

Analyst Ratings Changes

Several brokerages have recently issued reports on AUR. TD Cowen boosted their price objective on Aurora Innovation from $3.00 to $4.00 and gave the stock a "hold" rating in a research report on Thursday, October 31st. Canaccord Genuity Group increased their price target on Aurora Innovation from $7.00 to $10.00 and gave the stock a "buy" rating in a research note on Wednesday, January 8th. The Goldman Sachs Group lifted their price objective on shares of Aurora Innovation from $2.00 to $2.50 and gave the company a "sell" rating in a research note on Monday, November 4th. Wolfe Research started coverage on shares of Aurora Innovation in a research report on Tuesday, November 26th. They issued a "peer perform" rating for the company. Finally, Cantor Fitzgerald restated an "overweight" rating and set a $10.00 price target on shares of Aurora Innovation in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, Aurora Innovation currently has an average rating of "Hold" and an average price target of $6.30.

Aurora Innovation Stock Performance

The stock has a 50 day moving average price of $7.14 and a 200 day moving average price of $5.89. The company has a market cap of $17.51 billion, a P/E ratio of -20.80 and a beta of 2.85.

Aurora Innovation (NASDAQ:AUR - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The company reported ($0.11) EPS for the quarter. As a group, equities research analysts predict that Aurora Innovation, Inc. will post -0.47 earnings per share for the current year.

Insider Activity at Aurora Innovation

In other Aurora Innovation news, Director Gloria R. Boyland sold 30,000 shares of the business's stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $6.30, for a total transaction of $189,000.00. Following the sale, the director now owns 344,647 shares in the company, valued at approximately $2,171,276.10. The trade was a 8.01 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 13.83% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in AUR. Creative Planning purchased a new position in shares of Aurora Innovation during the third quarter valued at $652,000. Cornerstone Wealth Management LLC acquired a new stake in shares of Aurora Innovation during the 3rd quarter valued at $263,000. Sterling Investment Advisors Ltd. purchased a new position in shares of Aurora Innovation during the 3rd quarter valued at $1,184,000. Vanguard Capital Wealth Advisors purchased a new stake in shares of Aurora Innovation during the third quarter worth $266,000. Finally, Harbor Capital Advisors Inc. boosted its position in Aurora Innovation by 22.2% during the third quarter. Harbor Capital Advisors Inc. now owns 160,259 shares of the company's stock valued at $949,000 after purchasing an additional 29,106 shares during the last quarter. 44.71% of the stock is owned by hedge funds and other 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.