Aurora Innovation (NASDAQ:AUR) Shares Gap Down – What’s Next?

Aurora Innovation, Inc. (NASDAQ:AUR) 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 changing hands.

Analyst Ratings Changes

Several research firms recently weighed in on AUR. Canaccord Genuity Group reissued a “buy” rating and set a $7.00 price objective on shares of Aurora Innovation in a report on Monday, September 30th. Evercore ISI raised their target price on Aurora Innovation from $3.00 to $5.00 and gave the stock an “in-line” rating in a research report on Monday, October 14th.

Aurora Innovation Trading Down 27.1 %

The firm has a market capitalization of $7.59 billion, a P/E ratio of -11.27 and a beta of 2.80. The company has a 50-day moving average of $5.30 and a 200-day moving average of $3.87.

Aurora Innovation (NASDAQ:AUR) last posted its quarterly earnings data on Wednesday, October 30th. The company reported ($0.13) earnings per share for the quarter.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Sequoia Financial Advisors LLC bought a new stake in Aurora Innovation in the 2nd quarter valued at about $30,000. Profund Advisors LLC bought a new stake in Aurora Innovation in the 2nd quarter valued at about $46,000. Empowered Funds LLC increased its position in 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 buying an additional 5,386 shares in the last quarter. Vanguard Personalized Indexing Management LLC bought a new stake in Aurora Innovation in the 2nd quarter valued at about $51,000. Finally, Diversified Portfolios Inc. bought a new stake in Aurora Innovation in the 2nd quarter valued at about $54,000. 44.71% of the stock is owned by institutional investors.

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.