Aurora Innovation (NASDAQ:AUR) Stock Price Down 3.7% – Here’s What Happened

Aurora Innovation, Inc. (NASDAQ:AUR)’s stock price was down 3.7% during mid-day trading on Tuesday . The stock traded as low as $7.33 and last traded at $7.36. Approximately 757,918 shares traded hands during trading, a decline of 93% from the average daily volume of 11,045,260 shares. The stock had previously closed at $7.64.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. TD Cowen assumed coverage on shares of Aurora Innovation in a report on Friday, March 7th. They set a “hold” rating and a $8.00 price objective for the company. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $10.00 target price on shares of Aurora Innovation in a report on Thursday, February 13th. Evercore ISI increased their price target on Aurora Innovation from $5.00 to $6.00 and gave the company an “in-line” rating in a research note on Tuesday, February 18th. Oppenheimer began coverage on Aurora Innovation in a research note on Thursday. They issued an “outperform” rating and a $15.00 price objective on the stock. Finally, Canaccord Genuity Group increased their target price on Aurora Innovation from $7.00 to $10.00 and gave the company a “buy” rating in a research report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $9.07.

Aurora Innovation Stock Down 9.1 %

The company has a market capitalization of $12.39 billion, a P/E ratio of -15.15 and a beta of 2.82. The company has a 50 day simple moving average of $7.27 and a two-hundred day simple moving average of $6.55.

Aurora Innovation (NASDAQ:AUR) last posted its quarterly earnings data on Wednesday, February 12th. The company reported ($0.11) earnings per share (EPS) for the quarter. As a group, research analysts expect that Aurora Innovation, Inc. will post -0.49 EPS for the current fiscal year.

Institutional Trading of Aurora Innovation

Institutional investors and hedge funds have recently modified their holdings of the stock. Uber Technologies Inc purchased a new stake in shares of Aurora Innovation in the 4th quarter worth $2,053,632,000. Vanguard Group Inc. grew its position in shares of Aurora Innovation by 2.4% in the 4th quarter. Vanguard Group Inc. now owns 113,020,406 shares of the company’s stock worth $712,029,000 after buying an additional 2,687,191 shares during the last quarter. Toyota Motor Corp acquired a new position in shares of Aurora Innovation during the fourth quarter worth $298,294,000. Price T Rowe Associates Inc. MD increased its position in Aurora Innovation by 13.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 26,671,319 shares of the company’s stock valued at $168,030,000 after buying an additional 3,237,609 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Aurora Innovation by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 23,374,230 shares of the company’s stock valued at $147,292,000 after acquiring an additional 577,704 shares in the last quarter. 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.