Aurora Innovation (NASDAQ:AUR) Trading Down 5.7% – What’s Next?

by · The Cerbat Gem

Aurora Innovation, Inc. (NASDAQ:AUR – Get Free Report) was down 5.7% on Monday . The company traded as low as $5.95 and last traded at $5.95. Approximately 2,053,344 shares were traded during trading, a decline of 76% from the average daily volume of 8,589,156 shares. The stock had previously closed at $6.31.

Analyst Ratings Changes

A number of equities research analysts have weighed in on AUR shares. Canaccord Genuity Group reaffirmed a “buy” rating and set a $7.00 target price on shares of Aurora Innovation in a research report on Monday, September 30th. Evercore ISI lifted their target price on Aurora Innovation from $3.00 to $5.00 and gave the company an “in-line” rating in a research report on Monday, October 14th.

Get Our Latest Report on Aurora Innovation

Aurora Innovation Stock Performance

The company has a 50 day moving average of $4.95 and a two-hundred day moving average of $3.74. The stock has a market capitalization of $9.45 billion, a PE ratio of -11.02 and a beta of 2.80.

Aurora Innovation (NASDAQ:AUR – Get Free Report) last posted its quarterly earnings results on Wednesday, July 31st. The company reported ($0.12) earnings per share for the quarter, beating the consensus estimate of ($0.13) by $0.01.

Hedge Funds Weigh In On Aurora Innovation

Several institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. raised its holdings in Aurora Innovation by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 84,784,550 shares of the company’s stock worth $239,092,000 after purchasing an additional 1,267,962 shares during the period. Empowered Funds LLC raised its holdings in Aurora Innovation by 44.1% in the 1st quarter. Empowered Funds LLC now owns 17,597 shares of the company’s stock worth $50,000 after purchasing an additional 5,386 shares during the period. The Manufacturers Life Insurance Company raised its holdings in Aurora Innovation by 67.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 500,535 shares of the company’s stock worth $1,386,000 after purchasing an additional 202,413 shares during the period. Algert Global LLC raised its holdings in Aurora Innovation by 72.9% in the 2nd quarter. Algert Global LLC now owns 265,921 shares of the company’s stock worth $737,000 after purchasing an additional 112,131 shares during the period. Finally, Janus Henderson Group PLC raised its holdings in Aurora Innovation by 45.3% in the 1st quarter. Janus Henderson Group PLC now owns 393,575 shares of the company’s stock worth $1,112,000 after purchasing an additional 122,630 shares during the period. Institutional investors and hedge funds own 44.71% of the company’s stock.

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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