Aurora Innovation, Inc. (NASDAQ:AUR - Get Free Report)'s share price gapped down prior to trading on Tuesday . The stock had previously closed at $10.19, but opened at $9.44. Aurora Innovation shares last traded at $9.28, with a volume of 7,241,684 shares changing hands.
Wall Street Analyst Weigh In
Several analysts recently weighed in on AUR shares. Canaccord Genuity Group lifted their target price on shares of Aurora Innovation from $7.00 to $10.00 and gave the company a "buy" rating in a report on Wednesday, January 8th. Wolfe Research started coverage on shares of Aurora Innovation in a report on Tuesday, November 26th. They issued a "peer perform" rating for the company. Cantor Fitzgerald reiterated an "overweight" rating and issued a $10.00 target price on shares of Aurora Innovation in a report on Thursday, February 13th. The Goldman Sachs Group lifted their target price on shares of Aurora Innovation from $2.00 to $2.50 and gave the company a "sell" rating in a report on Monday, November 4th. Finally, TD Cowen lifted their target price on shares of Aurora Innovation from $3.00 to $4.00 and gave the company a "hold" rating in a report on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Aurora Innovation has a consensus rating of "Hold" and an average target price of $6.50.
Check Out Our Latest Stock Report on AUR
Aurora Innovation Price Performance
The company's 50 day simple moving average is $7.28 and its 200 day simple moving average is $6.01. The firm has a market cap of $13.06 billion, a price-to-earnings ratio of -16.14 and a beta of 2.85.
Aurora Innovation (NASDAQ:AUR - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The company reported ($0.11) EPS for the quarter. As a group, analysts forecast that Aurora Innovation, Inc. will post -0.49 earnings per share for the current year.
Insider Buying and Selling
In related news, Director Gloria R. Boyland sold 30,000 shares of the business's stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $6.30, for a total transaction of $189,000.00. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 13.83% of the company's stock.
Hedge Funds Weigh In On Aurora Innovation
A number of institutional investors and hedge funds have recently modified their holdings of the company. Uber Technologies Inc purchased a new stake in Aurora Innovation in the fourth quarter valued at $2,053,632,000. Vanguard Group Inc. lifted its position in Aurora Innovation by 2.4% in the fourth quarter. Vanguard Group Inc. now owns 113,020,406 shares of the company's stock valued at $712,029,000 after acquiring an additional 2,687,191 shares during the last quarter. Baillie Gifford & Co. lifted its position in Aurora Innovation by 17.2% in the third quarter. Baillie Gifford & Co. now owns 84,904,647 shares of the company's stock valued at $502,636,000 after acquiring an additional 12,466,085 shares during the last quarter. Toyota Motor Corp purchased a new stake in Aurora Innovation in the fourth quarter valued at $298,294,000. Finally, Price T Rowe Associates Inc. MD lifted its position in Aurora Innovation by 13.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 26,671,319 shares of the company's stock valued at $168,030,000 after acquiring an additional 3,237,609 shares during the last quarter. Institutional investors and hedge funds own 44.71% of the company's stock.
Aurora Innovation Company Profile
(
Get Free Report)
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.
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