Aurora Innovation (NASDAQ:AUR) Trading 8.9% Higher – What’s Next?

Aurora Innovation, Inc. (NASDAQ:AUR)’s stock price was up 8.9% during trading on Wednesday . The stock traded as high as $4.32 and last traded at $4.3450. Approximately 8,344,828 shares were traded during trading, a decline of 56% from the average daily volume of 18,895,102 shares. The stock had previously closed at $3.99.

Analyst Upgrades and Downgrades

AUR has been the subject of a number of research analyst reports. UBS Group reiterated an “underperform” rating on shares of Aurora Innovation in a report on Wednesday, October 29th. TD Cowen lowered their price objective on Aurora Innovation from $7.40 to $5.50 and set a “hold” rating for the company in a research report on Thursday, October 30th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Aurora Innovation in a research note on Wednesday, October 8th. Oppenheimer reaffirmed an “outperform” rating and issued a $15.00 price objective on shares of Aurora Innovation in a report on Wednesday, October 29th. Finally, Cowen reissued a “hold” rating on shares of Aurora Innovation in a report on Thursday, October 30th. Five equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $10.06.

Aurora Innovation Price Performance

The firm has a market capitalization of $8.63 billion, a price-to-earnings ratio of -9.91 and a beta of 2.46. The stock has a 50 day moving average price of $4.75 and a two-hundred day moving average price of $5.45.

Aurora Innovation (NASDAQ:AUR) last issued its quarterly earnings results on Tuesday, October 28th. The company reported ($0.11) earnings per share for the quarter, topping the consensus estimate of ($0.12) by $0.01. The company had revenue of $1.00 million for the quarter, compared to analysts’ expectations of $1.23 million. During the same quarter last year, the company earned ($0.13) EPS. As a group, research analysts expect that Aurora Innovation, Inc. will post -0.49 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Aurora Innovation news, CEO Christopher Urmson bought 258,000 shares of the firm’s stock in a transaction dated Tuesday, November 25th. The stock was acquired at an average price of $3.88 per share, for a total transaction of $1,001,040.00. Following the completion of the purchase, the chief executive officer owned 258,000 shares of the company’s stock, valued at approximately $1,001,040. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Brittany Bagley sold 50,000 shares of the business’s stock in a transaction dated Tuesday, September 30th. The stock was sold at an average price of $5.39, for a total transaction of $269,500.00. Following the transaction, the director owned 398,372 shares in the company, valued at approximately $2,147,225.08. This trade represents a 11.15% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 11.85% of the company’s stock.

Institutional Trading of Aurora Innovation

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AUR. IFP Advisors Inc lifted its holdings in shares of Aurora Innovation by 1,078.6% during the 3rd quarter. IFP Advisors Inc now owns 14,249 shares of the company’s stock worth $77,000 after acquiring an additional 13,040 shares during the period. Swiss Life Asset Management Ltd grew its stake in shares of Aurora Innovation by 83.8% in the third quarter. Swiss Life Asset Management Ltd now owns 46,445 shares of the company’s stock valued at $250,000 after buying an additional 21,178 shares in the last quarter. Liontrust Investment Partners LLP acquired a new stake in Aurora Innovation during the 3rd quarter valued at $3,731,000. CIBC Bancorp USA Inc. acquired a new position in shares of Aurora Innovation in the third quarter worth about $298,000. Finally, Danske Bank A S acquired a new stake in shares of Aurora Innovation during the third quarter worth approximately $36,000. Hedge funds and other institutional investors own 44.71% of the company’s stock.

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.