Aurora Innovation (NASDAQ:AUR) Shares Down 3.7% - Should You Sell?

Aurora Innovation, Inc. (NASDAQ:AUR - Get Free Report)'s share price was down 3.7% on Tuesday . The stock traded as low as $7.33 and last traded at $7.36. Approximately 757,918 shares were traded during trading, a decline of 93% from the average daily volume of 11,045,260 shares. The stock had previously closed at $7.64.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on AUR shares. Morgan Stanley started coverage on Aurora Innovation in a report on Monday, March 3rd. They set an "overweight" rating and a $12.00 price objective on the stock. Canaccord Genuity Group upped their price objective on shares of Aurora Innovation from $7.00 to $10.00 and gave the company a "buy" rating in a research note on Wednesday, January 8th. Oppenheimer assumed coverage on shares of Aurora Innovation in a research report on Thursday. They issued an "outperform" rating and a $15.00 target price on the stock. TD Cowen assumed coverage on shares of Aurora Innovation in a research report on Friday, March 7th. They set a "hold" rating and a $8.00 price target for the company. Finally, Evercore ISI raised their price objective 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. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat, Aurora Innovation has an average rating of "Hold" and a consensus price target of $9.07.

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Aurora Innovation Trading Up 0.8 %

The firm has a market cap of $11.74 billion, a P/E ratio of -14.20 and a beta of 2.82. The business's fifty day simple moving average is $7.28 and its 200-day simple moving average is $6.61.

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. Analysts anticipate that Aurora Innovation, Inc. will post -0.49 earnings per share for the current year.

Hedge Funds Weigh In On Aurora Innovation

Several hedge funds have recently made changes to their positions in AUR. Twin Tree Management LP boosted its holdings in Aurora Innovation by 217.2% in the fourth quarter. Twin Tree Management LP now owns 4,450 shares of the company's stock valued at $28,000 after acquiring an additional 3,047 shares in the last quarter. GPS Wealth Strategies Group LLC lifted its position in shares of 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 purchasing an additional 4,955 shares during the period. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Aurora Innovation in the 3rd quarter worth about $60,000. Reynders McVeigh Capital Management LLC purchased a new position in shares of Aurora Innovation during the third quarter valued at about $63,000. Finally, Grimes & Company Inc. bought a new position in Aurora Innovation in the fourth quarter worth about $63,000. 44.71% of the stock is owned by hedge funds and other 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.