Aurora Innovation, Inc. (NASDAQ:AUR - Get Free Report) shares gapped down before the market opened on Thursday . The stock had previously closed at $6.64, but opened at $5.71. Aurora Innovation shares last traded at $5.49, with a volume of 1,484,177 shares traded.
Analyst Ratings Changes
A number of brokerages have commented on AUR. TD Cowen boosted their price objective on Aurora Innovation from $3.00 to $4.00 and gave the stock a "hold" rating in a research note on Thursday. Evercore ISI boosted their price objective on Aurora Innovation from $3.00 to $5.00 and gave the stock an "in-line" rating in a research note on Monday, October 14th. Finally, Canaccord Genuity Group reaffirmed a "buy" rating and set a $7.00 target price on shares of Aurora Innovation in a research report on Monday, September 30th.
Check Out Our Latest Stock Report on AUR
Aurora Innovation Price Performance
The company has a market capitalization of $8.15 billion, a P/E ratio of -10.16 and a beta of 2.80. The company has a fifty day moving average price of $5.30 and a 200 day moving average price of $3.87.
Aurora Innovation (NASDAQ:AUR - Get Free Report) last posted its earnings results on Wednesday, October 30th. The company reported ($0.13) EPS for the quarter.
Hedge Funds Weigh In On Aurora Innovation
Several hedge funds and other institutional investors have recently made changes to their positions in the business. Baillie Gifford & Co. lifted its position in Aurora Innovation by 20.7% in the first quarter. Baillie Gifford & Co. now owns 40,596,568 shares of the company's stock worth $114,482,000 after purchasing an additional 6,962,404 shares during the period. Empowered Funds LLC lifted its position in Aurora Innovation by 44.1% in the first quarter. Empowered Funds LLC now owns 17,597 shares of the company's stock worth $50,000 after purchasing an additional 5,386 shares during the period. Swiss National Bank lifted its position in Aurora Innovation by 15.2% in the first quarter. Swiss National Bank now owns 1,355,500 shares of the company's stock worth $3,823,000 after purchasing an additional 178,900 shares during the period. ProShare Advisors LLC lifted its position in Aurora Innovation by 14.5% in the first quarter. ProShare Advisors LLC now owns 64,179 shares of the company's stock worth $181,000 after purchasing an additional 8,142 shares during the period. Finally, Vanguard Group Inc. lifted its position in Aurora Innovation by 1.5% in the first quarter. Vanguard Group Inc. now owns 84,784,550 shares of the company's stock worth $239,092,000 after purchasing an additional 1,267,962 shares during the period. 44.71% of the stock is currently owned by institutional investors and hedge funds.
About Aurora Innovation
(
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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.
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