Aurora Innovation (NASDAQ:AUR) Sets New 52-Week High – Here’s Why

Aurora Innovation, Inc. (NASDAQ:AUR) shares 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 trading hands. The stock had previously closed at $9.42.

Wall Street Analyst Weigh In

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

Aurora Innovation Trading Up 8.2 %

The company has a market capitalization of $17.51 billion, a PE ratio of -20.80 and a beta of 2.85. The company has a fifty day simple moving average of $7.14 and a 200-day simple moving average of $5.88.

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

Insiders Place Their Bets

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

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Twin Tree Management LP lifted its holdings in Aurora Innovation by 217.2% during the 4th quarter. Twin Tree Management LP now owns 4,450 shares of the company’s stock worth $28,000 after buying an additional 3,047 shares in the last quarter. GPS Wealth Strategies Group LLC boosted its holdings in 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 acquired a new position in Aurora Innovation during the 3rd quarter worth $59,000. Grimes & Company Inc. purchased a new stake in Aurora Innovation during the 4th quarter worth about $63,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in Aurora Innovation in the 3rd quarter valued at about $60,000. Institutional investors and hedge funds 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.