Aurora Innovation (NASDAQ:AUR) Trading Down 7.2% - What's Next?

Aurora Innovation, Inc. (NASDAQ:AUR - Get Free Report) dropped 7.2% during mid-day trading on Wednesday . The company traded as low as $6.47 and last traded at $6.50. Approximately 2,557,979 shares changed hands during mid-day trading, a decline of 82% from the average daily volume of 14,560,109 shares. The stock had previously closed at $7.00.

Wall Street Analyst Weigh In

AUR has been the topic of a number of recent analyst reports. Cantor Fitzgerald restated an "overweight" rating and issued a $10.00 price target on shares of Aurora Innovation in a research report on Thursday. Wolfe Research assumed coverage on shares of Aurora Innovation in a research report on Tuesday, November 26th. They set a "peer perform" rating on the stock. TD Cowen boosted their target price on shares of Aurora Innovation from $3.00 to $4.00 and gave the company a "hold" rating in a research report on Thursday, October 31st. The Goldman Sachs Group boosted their price target on shares of Aurora Innovation from $2.00 to $2.50 and gave the company a "sell" rating in a research note on Monday, November 4th. Finally, Canaccord Genuity Group upped their target price on shares of Aurora Innovation from $7.00 to $10.00 and gave the stock a "buy" rating in a research note on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $6.30.

Aurora Innovation Price Performance

The firm has a market capitalization of $17.51 billion, a PE ratio of -20.80 and a beta of 2.85. The company's fifty day simple moving average is $7.14 and its 200 day simple moving average is $5.89.

Aurora Innovation (NASDAQ:AUR - Get Free Report) last announced its quarterly earnings results on Wednesday, February 12th. The company reported ($0.11) earnings per share (EPS) for the quarter. On average, analysts anticipate that Aurora Innovation, Inc. will post -0.47 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Aurora Innovation news, Director Gloria R. Boyland sold 30,000 shares of the stock in a transaction that occurred 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 transaction, the director now directly owns 344,647 shares in the company, valued at $2,171,276.10. This trade represents a 8.01 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 13.83% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of AUR. Twin Tree Management LP grew its holdings in shares of Aurora Innovation by 217.2% in the fourth 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 during the last quarter. GPS Wealth Strategies Group LLC grew its holdings in shares of Aurora Innovation by 241.7% in the fourth quarter. GPS Wealth Strategies Group LLC now owns 7,005 shares of the company's stock worth $44,000 after purchasing an additional 4,955 shares during the last quarter. Souders Financial Advisors bought a new position in shares of Aurora Innovation in the third quarter worth approximately $59,000. Dynamic Technology Lab Private Ltd purchased a new stake in Aurora Innovation in the third quarter worth $60,000. Finally, Sigma Planning Corp purchased a new stake in Aurora Innovation in the third quarter worth $63,000. 44.71% of the stock is currently owned by institutional investors.

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.