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

Aurora Innovation, Inc. (NASDAQ:AUR - Get Free Report) shares gapped up prior to trading on Monday . The stock had previously closed at $7.27, but opened at $7.79. Aurora Innovation shares last traded at $7.44, with a volume of 3,052,283 shares traded.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on AUR. Wolfe Research began coverage on shares of Aurora Innovation in a research note on Tuesday, November 26th. They set a "peer perform" rating on the stock. Canaccord Genuity Group increased their price target 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. Cantor Fitzgerald reiterated an "overweight" rating and issued a $10.00 price target on shares of Aurora Innovation in a research report on Thursday, February 13th. Evercore ISI upped their price objective on Aurora Innovation from $5.00 to $6.00 and gave the company an "in-line" rating in a research report on Tuesday, February 18th. Finally, Morgan Stanley began coverage on Aurora Innovation in a report on Monday. They issued an "overweight" rating and a $12.00 target price for the company. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $7.42.

Aurora Innovation Trading Down 4.5 %

The company has a market capitalization of $12.08 billion, a PE ratio of -14.77 and a beta of 2.85. The stock's 50-day moving average is $7.24 and its two-hundred day moving average is $6.20.

Aurora Innovation (NASDAQ:AUR - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The company reported ($0.11) earnings per share for the quarter. On average, equities research analysts forecast that Aurora Innovation, Inc. will post -0.49 EPS for the current fiscal year.

Institutional Trading of Aurora Innovation

Institutional investors and hedge funds have recently made changes to their positions in the business. Twin Tree Management LP increased its stake in Aurora Innovation by 217.2% in the 4th quarter. Twin Tree Management LP now owns 4,450 shares of the company's stock worth $28,000 after buying an additional 3,047 shares during the period. GPS Wealth Strategies Group LLC grew its stake 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 worth $44,000 after acquiring an additional 4,955 shares in the last quarter. Souders Financial Advisors purchased a new position in shares of Aurora Innovation during the third quarter worth approximately $59,000. Grimes & Company Inc. bought a new stake in shares of Aurora Innovation during the fourth quarter valued at approximately $63,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of Aurora Innovation during the third quarter valued at approximately $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.