Aurora Innovation, Inc. (NASDAQ:AUR - Get Free Report) shares rose 7.5% during trading on Friday after TD Cowen raised their price target on the stock from $3.00 to $4.00. TD Cowen currently has a hold rating on the stock. Aurora Innovation traded as high as $5.63 and last traded at $5.59. Approximately 5,033,494 shares changed hands during trading, a decline of 41% from the average daily volume of 8,580,656 shares. The stock had previously closed at $5.20.
Several other equities research analysts have also recently commented on the company. Canaccord Genuity Group restated a "buy" rating and set a $7.00 price target on shares of Aurora Innovation in a research note on Monday, September 30th. Evercore ISI upped their price objective on shares of Aurora Innovation from $3.00 to $5.00 and gave the stock an "in-line" rating in a research report on Monday, October 14th.
Read Our Latest Stock Report on AUR
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Sequoia Financial Advisors LLC acquired a new stake in shares of Aurora Innovation during the 2nd quarter valued at approximately $30,000. ASB Consultores LLC raised its holdings in Aurora Innovation by 24.0% during the third quarter. ASB Consultores LLC now owns 15,955 shares of the company's stock worth $94,000 after purchasing an additional 3,088 shares during the last quarter. Profund Advisors LLC purchased a new stake in Aurora Innovation during the second quarter worth $46,000. Empowered Funds LLC grew its holdings in Aurora Innovation by 44.1% in the first 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 last quarter. Finally, Vanguard Personalized Indexing Management LLC purchased a new position in shares of Aurora Innovation in the second quarter valued at $51,000. Institutional investors and hedge funds own 44.71% of the company's stock.
Aurora Innovation Trading Up 11.8 %
The firm has a market cap of $9.11 billion, a price-to-earnings ratio of -11.61 and a beta of 2.80. The firm has a 50 day moving average price of $5.33 and a 200-day moving average price of $3.88.
Aurora Innovation (NASDAQ:AUR - Get Free Report) last released its quarterly earnings results on Wednesday, October 30th. The company reported ($0.13) EPS for the quarter.
Aurora Innovation Company Profile
(
Get Free Report)
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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