Aurora Innovation (NASDAQ:AUR) Trading Up 5.7% – Should You Buy?

Aurora Innovation, Inc. (NASDAQ:AUR) shares traded up 5.7% on Thursday . The company traded as high as $7.55 and last traded at $7.53. 8,589,804 shares traded hands during mid-day trading, a decline of 22% from the average session volume of 11,069,509 shares. The stock had previously closed at $7.12.

Analyst Ratings Changes

A number of research firms have commented on AUR. Oppenheimer assumed coverage on shares of Aurora Innovation in a research report on Thursday. They set an “outperform” rating and a $15.00 price objective for the company. Canaccord Genuity Group upped their price target on shares of Aurora Innovation from $7.00 to $10.00 and gave the company a “buy” rating in a research note on Wednesday, January 8th. Evercore ISI increased their price target on shares of Aurora Innovation from $5.00 to $6.00 and gave the company an “in-line” rating in a report on Tuesday, February 18th. Morgan Stanley started coverage on Aurora Innovation in a report on Monday, March 3rd. They set an “overweight” rating and a $12.00 price objective for the company. Finally, TD Cowen assumed coverage on Aurora Innovation in a research note on Friday, March 7th. They set a “hold” rating and a $8.00 target price on the stock. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $9.07.

Aurora Innovation Stock Down 10.5 %

The company has a market capitalization of $11.63 billion, a P/E ratio of -14.21 and a beta of 2.82. The company’s fifty day moving average price is $7.28 and its 200 day moving average price is $6.58.

Aurora Innovation (NASDAQ:AUR) last announced its quarterly earnings data on Wednesday, February 12th. The company reported ($0.11) earnings per share for the quarter. Research analysts predict that Aurora Innovation, Inc. will post -0.49 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Aurora Innovation

Several hedge funds have recently bought and sold shares of the company. Twin Tree Management LP boosted its position in shares of Aurora Innovation by 217.2% during the 4th quarter. Twin Tree Management LP now owns 4,450 shares of the company’s stock worth $28,000 after acquiring an additional 3,047 shares in the last quarter. GPS Wealth Strategies Group LLC lifted its stake in Aurora Innovation by 241.7% during the fourth quarter. GPS Wealth Strategies Group LLC now owns 7,005 shares of the company’s stock worth $44,000 after purchasing an additional 4,955 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Aurora Innovation in the 3rd quarter valued at $60,000. Reynders McVeigh Capital Management LLC bought a new position in shares of Aurora Innovation in the 3rd quarter valued at $63,000. Finally, Grimes & Company Inc. acquired a new position in shares of Aurora Innovation during the 4th quarter worth $63,000. 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.