Aurora Innovation (NASDAQ:AUR) Stock Price Down 3.7% – Time to Sell?

Aurora Innovation, Inc. (NASDAQ:AUR)’s share price was down 3.7% during trading on Tuesday . The stock traded as low as $7.33 and last traded at $7.36. Approximately 757,918 shares were traded 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 research firms recently weighed in on AUR. Morgan Stanley began coverage on shares of Aurora Innovation in a research note on Monday, March 3rd. They issued an “overweight” rating and a $12.00 price objective for the company. TD Cowen started coverage on shares of Aurora Innovation in a research report on Friday, March 7th. They issued a “hold” rating and a $8.00 price target for the company. Wolfe Research began coverage on shares of Aurora Innovation in a research note on Tuesday, November 26th. They set a “peer perform” rating on the stock. Cantor Fitzgerald reissued an “overweight” rating and issued a $10.00 price objective on shares of Aurora Innovation in a research note on Thursday, February 13th. 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 three have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $8.08.

Aurora Innovation Stock Down 1.1 %

The business has a 50-day moving average price of $7.23 and a 200-day moving average price of $6.52. The firm has a market capitalization of $13.16 billion, a price-to-earnings ratio of -16.08 and a beta of 2.82.

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

Institutional Trading of Aurora Innovation

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. CoreCap Advisors LLC raised its stake in shares of Aurora Innovation by 15.0% in the fourth quarter. CoreCap Advisors LLC now owns 13,177 shares of the company’s stock worth $83,000 after purchasing an additional 1,717 shares during the last quarter. CIBC Asset Management Inc lifted its stake in Aurora Innovation by 5.1% during the 4th quarter. CIBC Asset Management Inc now owns 35,587 shares of the company’s stock valued at $224,000 after acquiring an additional 1,723 shares during the period. Corient Private Wealth LLC increased its stake in shares of Aurora Innovation by 11.5% in the fourth quarter. Corient Private Wealth LLC now owns 21,484 shares of the company’s stock worth $135,000 after acquiring an additional 2,216 shares during the period. Twin Tree Management LP raised its holdings in shares of Aurora Innovation by 217.2% during the fourth quarter. Twin Tree Management LP now owns 4,450 shares of the company’s stock worth $28,000 after purchasing an additional 3,047 shares during the last quarter. Finally, Summit Investment Advisors Inc. lifted its position in Aurora Innovation by 3.5% during the fourth quarter. Summit Investment Advisors Inc. now owns 98,238 shares of the company’s stock valued at $619,000 after purchasing an additional 3,360 shares during the period. Institutional investors and hedge funds own 44.71% of the company’s stock.

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.