Aurora Innovation (NASDAQ:AUR) Shares Up 6.6% – Time to Buy?

Shares of Aurora Innovation, Inc. (NASDAQ:AUR) rose 6.6% during mid-day trading on Wednesday . The stock traded as high as $7.37 and last traded at $7.40. Approximately 3,729,801 shares traded hands during trading, a decline of 66% from the average daily volume of 10,974,224 shares. The stock had previously closed at $6.94.

Analysts Set New Price Targets

AUR has been the subject of several analyst reports. Canaccord Genuity Group raised 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. Wolfe Research initiated coverage on shares of Aurora Innovation in a research note on Tuesday, November 26th. They set a “peer perform” rating for the company. Morgan Stanley initiated coverage on shares of Aurora Innovation in a research note on Monday, March 3rd. They set an “overweight” rating and a $12.00 target price for the company. Evercore ISI lifted their target price on shares of Aurora Innovation from $5.00 to $6.00 and gave the stock an “in-line” rating in a research note on Tuesday, February 18th. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $10.00 target price on shares of Aurora Innovation in a research note on Thursday, February 13th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Aurora Innovation presently has a consensus rating of “Hold” and an average target price of $8.08.

Aurora Innovation Trading Up 6.9 %

The stock’s 50-day moving average price is $7.23 and its two-hundred day moving average price is $6.43. The stock has a market capitalization of $12.91 billion, a P/E ratio of -15.87 and a beta of 2.82.

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

Institutional Trading of Aurora Innovation

Several institutional investors and hedge funds have recently bought and sold shares of the company. California State Teachers Retirement System lifted its stake in Aurora Innovation by 18.3% in the 4th quarter. California State Teachers Retirement System now owns 876,364 shares of the company’s stock worth $5,521,000 after purchasing an additional 135,266 shares in the last quarter. Castle Rock Wealth Management LLC purchased a new stake in shares of Aurora Innovation during the 4th quarter valued at $721,000. Mackenzie Financial Corp raised its position in shares of Aurora Innovation by 314.2% during the 4th quarter. Mackenzie Financial Corp now owns 44,104 shares of the company’s stock valued at $278,000 after buying an additional 33,456 shares in the last quarter. GTS Securities LLC raised its position in shares of Aurora Innovation by 46.9% during the 4th quarter. GTS Securities LLC now owns 20,071 shares of the company’s stock valued at $126,000 after buying an additional 6,407 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Aurora Innovation by 41.7% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,918,807 shares of the company’s stock valued at $12,088,000 after buying an additional 564,227 shares in the last quarter. 44.71% of the stock is currently owned by hedge funds and other institutional investors.

About Aurora Innovation

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.