Aurora Innovation (NASDAQ:AUR) Trading Up 9.2% – Should You Buy?

Aurora Innovation, Inc. (NASDAQ:AUR)’s stock price shot up 9.2% on Thursday . The company traded as high as $6.72 and last traded at $6.65. 2,170,571 shares traded hands during mid-day trading, a decline of 75% from the average session volume of 8,537,036 shares. The stock had previously closed at $6.09.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on AUR shares. Canaccord Genuity Group reissued a “buy” rating and set a $7.00 price objective on shares of Aurora Innovation in a report on Monday, September 30th. Evercore ISI lifted their target price on shares of Aurora Innovation from $3.00 to $5.00 and gave the stock an “in-line” rating in a report on Monday, October 14th.

Aurora Innovation Stock Up 5.3 %

The company has a fifty day simple moving average of $5.00 and a two-hundred day simple moving average of $3.75. The stock has a market capitalization of $10.06 billion, a P/E ratio of -13.20 and a beta of 2.80.

Aurora Innovation (NASDAQ:AUR) last issued its quarterly earnings data on Wednesday, July 31st. The company reported ($0.12) earnings per share for the quarter, beating the consensus estimate of ($0.13) by $0.01.

Institutional Investors Weigh In On Aurora Innovation

Large investors have recently bought and sold shares of the stock. Sequoia Financial Advisors LLC bought a new stake in shares of Aurora Innovation during the second quarter worth $30,000. Profund Advisors LLC purchased a new position in Aurora Innovation in the 2nd quarter valued at about $46,000. Empowered Funds LLC boosted its holdings in shares of Aurora Innovation by 44.1% in the 1st quarter. Empowered Funds LLC now owns 17,597 shares of the company’s stock worth $50,000 after buying an additional 5,386 shares during the last quarter. Vanguard Personalized Indexing Management LLC acquired a new position in Aurora Innovation during the second quarter worth about $51,000. Finally, Nisa Investment Advisors LLC increased its position in shares of Aurora Innovation by 32.0% in the second quarter. Nisa Investment Advisors LLC now owns 19,412 shares of the company’s stock worth $54,000 after acquiring an additional 4,702 shares in the last quarter. 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.