Aurora Innovation, Inc. (NASDAQ:AUR - Get Free Report) shares rose 5.2% on Friday . The company traded as high as $5.48 and last traded at $5.46. Approximately 1,345,548 shares traded hands during mid-day trading, a decline of 84% from the average daily volume of 8,668,504 shares. The stock had previously closed at $5.19.
Analysts Set New Price Targets
Separately, Canaccord Genuity Group restated a "buy" rating and set a $7.00 price target on shares of Aurora Innovation in a report on Monday.
View Our Latest Report on AUR
Aurora Innovation Stock Performance
The company's 50 day moving average price is $4.42 and its 200 day moving average price is $3.43. The company has a market cap of $8.62 billion, a price-to-earnings ratio of -10.02 and a beta of 2.80.
Aurora Innovation (NASDAQ:AUR - Get Free Report) last announced its earnings results on Wednesday, July 31st. The company reported ($0.12) EPS for the quarter, topping the consensus estimate of ($0.13) by $0.01.
Institutional Investors Weigh In On Aurora Innovation
Hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of Aurora Innovation by 1.5% during the first quarter. Vanguard Group Inc. now owns 84,784,550 shares of the company's stock worth $239,092,000 after buying an additional 1,267,962 shares during the last quarter. Cadian Capital Management LP bought a new stake in shares of Aurora Innovation during the 4th quarter valued at $17,914,000. Empowered Funds LLC lifted its stake in shares of Aurora Innovation by 44.1% in the 1st quarter. Empowered Funds LLC now owns 17,597 shares of the company's stock valued at $50,000 after purchasing an additional 5,386 shares during the period. Foxhaven Asset Management LP bought a new position in shares of Aurora Innovation in the 4th quarter worth $19,123,000. Finally, Janus Henderson Group PLC increased its holdings in Aurora Innovation by 45.3% in the first quarter. Janus Henderson Group PLC now owns 393,575 shares of the company's stock valued at $1,112,000 after purchasing an additional 122,630 shares during the last quarter. 44.71% of the stock is 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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