Aurora Innovation (NASDAQ:AUR) Stock Price Up 0.3% - Should You Buy?

Aurora Innovation, Inc. (NASDAQ:AUR - Get Free Report) shot up 0.3% on Thursday . The company traded as high as $7.08 and last traded at $6.71. 4,676,567 shares traded hands during trading, a decline of 71% from the average session volume of 16,353,327 shares. The stock had previously closed at $6.69.

Analysts Set New Price Targets

AUR has been the topic of a number of recent research reports. TD Cowen upped their target price on Aurora Innovation from $3.00 to $4.00 and gave the stock a "hold" rating in a research note on Thursday, October 31st. Evercore ISI lifted their target price on shares of Aurora Innovation from $3.00 to $5.00 and gave the company an "in-line" rating in a report on Monday, October 14th. Wolfe Research began coverage on shares of Aurora Innovation in a research report on Tuesday, November 26th. They set a "peer perform" rating on the stock. Canaccord Genuity Group upped their price objective on shares of Aurora Innovation from $7.00 to $10.00 and gave the stock a "buy" rating in a research report on Wednesday, January 8th. Finally, The Goldman Sachs Group lifted their price target on Aurora Innovation from $2.00 to $2.50 and gave the company a "sell" rating in a research note on Monday, November 4th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Aurora Innovation presently has an average rating of "Hold" and a consensus target price of $6.30.

Aurora Innovation Stock Performance

The stock's 50 day moving average is $6.92 and its two-hundred day moving average is $5.67. The stock has a market capitalization of $11.87 billion, a PE ratio of -14.10 and a beta of 2.85.

Insider Transactions at Aurora Innovation

In other Aurora Innovation news, Director Reid Hoffman sold 829,713 shares of the business's stock in a transaction on Friday, November 8th. The stock was sold at an average price of $5.54, for a total transaction of $4,596,610.02. Following the transaction, the director now owns 310,939 shares of the company's stock, valued at approximately $1,722,602.06. The trade was a 72.74 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Gloria R. Boyland sold 30,000 shares of the firm's stock in a transaction on 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 of the company's stock, valued at $2,171,276.10. This trade represents a 8.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 7,382,793 shares of company stock valued at $40,835,724 over the last ninety days. Insiders own 13.83% of the company's stock.

Institutional Investors Weigh In On Aurora Innovation

Several hedge funds and other institutional investors have recently bought and sold shares of the company. The Manufacturers Life Insurance Company increased its holdings in shares of Aurora Innovation by 67.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 500,535 shares of the company's stock worth $1,386,000 after buying an additional 202,413 shares during the last quarter. SG Americas Securities LLC increased its stake in Aurora Innovation by 1,160.5% during the third quarter. SG Americas Securities LLC now owns 171,357 shares of the company's stock worth $1,014,000 after acquiring an additional 157,763 shares during the last quarter. Handelsbanken Fonder AB raised its position in Aurora Innovation by 19.6% in the third quarter. Handelsbanken Fonder AB now owns 167,200 shares of the company's stock valued at $990,000 after purchasing an additional 27,400 shares during the period. Creative Planning acquired a new position in shares of Aurora Innovation in the 3rd quarter valued at $652,000. Finally, Cornerstone Wealth Management LLC purchased a new position in shares of Aurora Innovation during the 3rd quarter worth $263,000. 44.71% of the stock is currently owned by institutional investors and hedge funds.

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.