Aurora Innovation (NASDAQ:AUR) Reaches New 1-Year High – What’s Next?

Aurora Innovation, Inc. (NASDAQ:AUR)’s share price reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $10.37 and last traded at $10.59, with a volume of 9171235 shares traded. The stock had previously closed at $9.42.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on AUR. Canaccord Genuity Group increased their price objective on shares of Aurora Innovation from $7.00 to $10.00 and gave the stock a “buy” rating in a research report on Wednesday, January 8th. Cantor Fitzgerald restated an “overweight” rating and issued a $10.00 target price on shares of Aurora Innovation in a research note on Thursday. TD Cowen upped their target price on shares of Aurora Innovation from $3.00 to $4.00 and gave the company a “hold” rating in a research note on Thursday, October 31st. Wolfe Research assumed coverage on shares of Aurora Innovation in a research report on Tuesday, November 26th. They issued a “peer perform” rating on the stock. Finally, The Goldman Sachs Group increased their price objective on shares of Aurora Innovation from $2.00 to $2.50 and gave the stock a “sell” rating in a report on Monday, November 4th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, Aurora Innovation presently has a consensus rating of “Hold” and an average price target of $6.30.

Aurora Innovation Stock Performance

The stock has a market cap of $18.21 billion, a price-to-earnings ratio of -21.71 and a beta of 2.85. The company’s 50 day simple moving average is $7.04 and its 200 day simple moving average is $5.80.

Aurora Innovation (NASDAQ:AUR) last released its earnings results on Wednesday, February 12th. The company reported ($0.11) EPS for the quarter. Sell-side analysts predict that Aurora Innovation, Inc. will post -0.47 EPS for the current year.

Insider Buying and Selling at Aurora Innovation

In other news, Director Gloria R. Boyland sold 30,000 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $6.30, for a total transaction of $189,000.00. Following the completion of the transaction, the director now owns 344,647 shares in the company, valued at approximately $2,171,276.10. This trade represents a 8.01 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Reid Hoffman sold 537,837 shares of the firm’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $5.48, for a total transaction of $2,947,346.76. Following the transaction, the director now owns 286,247 shares of the company’s stock, valued at approximately $1,568,633.56. This trade represents a 65.26 % decrease in their position. The disclosure for this sale can be found here. 13.83% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Aurora Innovation

Institutional investors have recently modified their holdings of the company. Twin Tree Management LP raised its position in shares of Aurora Innovation by 217.2% in the fourth quarter. Twin Tree Management LP now owns 4,450 shares of the company’s stock valued at $28,000 after purchasing an additional 3,047 shares during the period. GPS Wealth Strategies Group LLC raised its position in shares of Aurora Innovation by 241.7% in the fourth quarter. GPS Wealth Strategies Group LLC now owns 7,005 shares of the company’s stock valued at $44,000 after purchasing an additional 4,955 shares during the period. Souders Financial Advisors bought a new position in shares of Aurora Innovation in the third quarter valued at approximately $59,000. Grimes & Company Inc. bought a new position in Aurora Innovation during the fourth quarter worth $63,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in Aurora Innovation during the third quarter worth $60,000. 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.