Aurora Innovation (NASDAQ:AUR) Trading 5.7% Higher - Still a Buy?

Shares of Aurora Innovation, Inc. (NASDAQ:AUR - Get Free Report) traded up 5.7% during mid-day trading on Thursday . The stock traded as high as $7.55 and last traded at $7.53. 8,589,804 shares changed hands during mid-day trading, a decline of 22% from the average session volume of 11,069,509 shares. The stock had previously closed at $7.12.

Analysts Set New Price Targets

AUR has been the topic of several analyst reports. 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 target price on the stock. Morgan Stanley began 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. Cantor Fitzgerald reissued an "overweight" rating and issued a $10.00 price objective on shares of Aurora Innovation in a research note on Thursday, February 13th. Canaccord Genuity Group upped their target price on Aurora Innovation from $7.00 to $10.00 and gave the stock a "buy" rating in a research report on Wednesday, January 8th. Finally, Evercore ISI increased their price target on Aurora Innovation from $5.00 to $6.00 and gave the company an "in-line" rating in a report on Tuesday, February 18th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $9.07.

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Aurora Innovation Trading Down 10.5 %

The stock has a fifty day simple moving average of $7.28 and a 200-day simple moving average of $6.61. The stock has a market cap of $11.63 billion, a price-to-earnings ratio of -14.21 and a beta of 2.82.

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

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Twin Tree Management LP raised its stake 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 valued at $28,000 after purchasing an additional 3,047 shares in the last quarter. GPS Wealth Strategies Group LLC raised its stake 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 valued at $44,000 after buying an additional 4,955 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new position in shares of Aurora Innovation during the 3rd quarter worth about $60,000. Reynders McVeigh Capital Management LLC acquired a new stake in shares of Aurora Innovation during the 3rd quarter valued at about $63,000. Finally, Grimes & Company Inc. bought a new stake in Aurora Innovation in the fourth quarter valued at about $63,000. Institutional investors and hedge funds own 44.71% of the company's stock.

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.