Aurora Innovation, Inc. (NASDAQ:AUR - Get Free Report)'s share price fell 5.7% during mid-day trading on Monday . The company traded as low as $5.95 and last traded at $5.95. 2,053,344 shares changed hands during mid-day trading, a decline of 76% from the average session volume of 8,589,156 shares. The stock had previously closed at $6.31.
Wall Street Analyst Weigh In
AUR has been the subject of several analyst reports. Canaccord Genuity Group reiterated a "buy" rating and set a $7.00 price target on shares of Aurora Innovation in a report on Monday, September 30th. Evercore ISI boosted their target price on shares of Aurora Innovation from $3.00 to $5.00 and gave the stock an "in-line" rating in a research note on Monday, October 14th.
Check Out Our Latest Report on Aurora Innovation
Aurora Innovation Stock Down 4.3 %
The stock has a market capitalization of $9.38 billion, a price-to-earnings ratio of -10.98 and a beta of 2.80. The stock has a fifty day moving average of $4.90 and a 200-day moving average of $3.71.
Aurora Innovation (NASDAQ:AUR - Get Free Report) last issued its earnings results on Wednesday, July 31st. The company reported ($0.12) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.13) by $0.01.
Institutional Trading of Aurora Innovation
A number of large investors have recently made changes to their positions in AUR. Baillie Gifford & Co. boosted its stake in Aurora Innovation by 78.4% during the 2nd quarter. Baillie Gifford & Co. now owns 72,438,562 shares of the company's stock worth $200,655,000 after purchasing an additional 31,841,994 shares during the period. Vanguard Group Inc. boosted its stake in shares of Aurora Innovation by 5.9% during the fourth quarter. Vanguard Group Inc. now owns 83,516,588 shares of the company's stock worth $364,967,000 after buying an additional 4,625,559 shares during the period. Bank of New York Mellon Corp grew its holdings in shares of Aurora Innovation by 273.5% during the second quarter. Bank of New York Mellon Corp now owns 5,190,426 shares of the company's stock worth $14,377,000 after buying an additional 3,800,901 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Aurora Innovation by 23.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 13,337,429 shares of the company's stock valued at $36,941,000 after acquiring an additional 2,502,002 shares during the period. Finally, Rhumbline Advisers raised its stake in Aurora Innovation by 114.7% during the 2nd quarter. Rhumbline Advisers now owns 1,160,176 shares of the company's stock valued at $3,214,000 after acquiring an additional 619,791 shares during the last quarter. 44.71% of the stock is owned by institutional investors and hedge funds.
About Aurora Innovation
(
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.
See Also
Before you consider Aurora Innovation, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Aurora Innovation wasn't on the list.
While Aurora Innovation currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering when you'll finally be able to invest in SpaceX, StarLink, or The Boring Company? Click the link below to learn when Elon Musk will let these companies finally IPO.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
