Aurora Innovation (NASDAQ:AUR) Trading Up 6.6% - What's Next?

Shares of Aurora Innovation, Inc. (NASDAQ:AUR - Get Free Report) traded up 6.6% on Wednesday . The stock traded as high as $7.37 and last traded at $7.40. 3,729,801 shares were traded during trading, a decline of 66% from the average session volume of 10,974,224 shares. The stock had previously closed at $6.94.

Analysts Set New Price Targets

Several research firms have weighed in on AUR. Cantor Fitzgerald reissued an "overweight" rating and set a $10.00 target price on shares of Aurora Innovation in a research report on Thursday, February 13th. Wolfe Research assumed coverage on Aurora Innovation in a research note on Tuesday, November 26th. They issued a "peer perform" rating for the company. Evercore ISI boosted their price target on Aurora Innovation from $5.00 to $6.00 and gave the company an "in-line" rating in a research note on Tuesday, February 18th. TD Cowen assumed coverage on Aurora Innovation in a report on Friday, March 7th. They set a "hold" rating and a $8.00 target price for the company. Finally, Canaccord Genuity Group increased their price target on shares of Aurora Innovation from $7.00 to $10.00 and gave the stock a "buy" rating in a report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Aurora Innovation has a consensus rating of "Hold" and an average target price of $8.08.

Aurora Innovation Price Performance

The stock has a fifty day simple moving average of $7.20 and a 200-day simple moving average of $6.48. The company has a market capitalization of $12.58 billion, a price-to-earnings ratio of -15.38 and a beta of 2.82.

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Aurora Innovation (NASDAQ:AUR - Get Free Report) last posted its earnings results on Wednesday, February 12th. The company reported ($0.11) earnings per share (EPS) for the quarter. As a group, equities analysts expect that Aurora Innovation, Inc. will post -0.49 EPS for the current fiscal year.

Institutional Investors Weigh In On Aurora Innovation

Institutional investors have recently modified their holdings of the business. California State Teachers Retirement System grew its stake in Aurora Innovation by 18.3% during the 4th quarter. California State Teachers Retirement System now owns 876,364 shares of the company's stock valued at $5,521,000 after acquiring an additional 135,266 shares in the last quarter. Castle Rock Wealth Management LLC acquired a new position in shares of Aurora Innovation in the fourth quarter worth $721,000. Mackenzie Financial Corp increased its position in shares of Aurora Innovation by 314.2% during the fourth quarter. Mackenzie Financial Corp now owns 44,104 shares of the company's stock worth $278,000 after acquiring an additional 33,456 shares during the period. GTS Securities LLC raised its stake in shares of Aurora Innovation by 46.9% in the fourth quarter. GTS Securities LLC now owns 20,071 shares of the company's stock valued at $126,000 after acquiring an additional 6,407 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Aurora Innovation by 41.7% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,918,807 shares of the company's stock valued at $12,088,000 after purchasing an additional 564,227 shares during the period. 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.