Aurora Innovation (NASDAQ:AUR) Shares Gap Up - What's Next?

Aurora Innovation, Inc. (NASDAQ:AUR - Get Free Report) gapped up prior to trading on Tuesday . The stock had previously closed at $6.03, but opened at $6.24. Aurora Innovation shares last traded at $6.31, with a volume of 1,198,261 shares.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Cantor Fitzgerald reissued an "overweight" rating and set a $10.00 price target on shares of Aurora Innovation in a research note on Thursday, February 13th. Canaccord Genuity Group increased their price objective on Aurora Innovation from $7.00 to $10.00 and gave the company a "buy" rating in a research report on Wednesday, January 8th. Morgan Stanley assumed coverage on Aurora Innovation in a research note on Monday, March 3rd. They set an "overweight" rating and a $12.00 price target on the stock. Evercore ISI lifted their price objective on Aurora Innovation from $5.00 to $6.00 and gave the stock an "in-line" rating in a research report on Tuesday, February 18th. Finally, TD Cowen assumed coverage on shares of Aurora Innovation in a research note on Friday, March 7th. They issued a "hold" rating and a $8.00 target price on the stock. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, Aurora Innovation presently has a consensus rating of "Moderate Buy" and a consensus price target of $9.63.

Aurora Innovation Stock Up 4.1 %

The stock has a market cap of $10.63 billion, a price-to-earnings ratio of -13.00 and a beta of 2.77. The stock's fifty day moving average is $7.03 and its 200-day moving average is $6.68.

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. As a group, equities research analysts predict that Aurora Innovation, Inc. will post -0.49 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Aurora Innovation

Hedge funds have recently modified their holdings of the business. Twin Tree Management LP increased its stake in Aurora Innovation by 217.2% during the 4th quarter. Twin Tree Management LP now owns 4,450 shares of the company's stock worth $28,000 after purchasing an additional 3,047 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Aurora Innovation during the first quarter worth $32,000. GAMMA Investing LLC raised its holdings in shares of Aurora Innovation by 147.3% during the first quarter. GAMMA Investing LLC now owns 5,922 shares of the company's stock worth $40,000 after acquiring an additional 3,527 shares during the period. GPS Wealth Strategies Group LLC lifted its position in Aurora Innovation by 241.7% in the 4th quarter. GPS Wealth Strategies Group LLC now owns 7,005 shares of the company's stock valued at $44,000 after acquiring an additional 4,955 shares in the last quarter. Finally, Grimes & Company Inc. acquired a new position in Aurora Innovation in the 4th quarter worth $63,000. Institutional investors and hedge funds 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.