Aurora Innovation (NASDAQ:AUR) Shares Gap Down – What’s Next?

Aurora Innovation, Inc. (NASDAQ:AUR) gapped down before the market opened on Thursday . The stock had previously closed at $6.64, but opened at $5.71. Aurora Innovation shares last traded at $5.49, with a volume of 1,484,177 shares.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on AUR. Canaccord Genuity Group reiterated a “buy” rating and set a $7.00 target price on shares of Aurora Innovation in a research note on Monday, September 30th. Evercore ISI increased their target price on Aurora Innovation from $3.00 to $5.00 and gave the stock an “in-line” rating in a research note on Monday, October 14th.

Aurora Innovation Trading Down 27.1 %

The stock has a 50 day simple moving average of $5.30 and a 200 day simple moving average of $3.87. The stock has a market cap of $7.59 billion, a P/E ratio of -11.27 and a beta of 2.80.

Aurora Innovation (NASDAQ:AUR) last posted its quarterly earnings data on Wednesday, October 30th. The company reported ($0.13) EPS for the quarter.

Institutional Investors Weigh In On Aurora Innovation

A number of large investors have recently modified their holdings of AUR. Baillie Gifford & Co. boosted its holdings in shares of Aurora Innovation by 20.7% during the 1st quarter. Baillie Gifford & Co. now owns 40,596,568 shares of the company’s stock valued at $114,482,000 after acquiring an additional 6,962,404 shares in the last quarter. Empowered Funds LLC boosted its holdings in shares of Aurora Innovation by 44.1% during the 1st quarter. Empowered Funds LLC now owns 17,597 shares of the company’s stock valued at $50,000 after acquiring an additional 5,386 shares in the last quarter. Swiss National Bank boosted its holdings in shares of Aurora Innovation by 15.2% during the 1st quarter. Swiss National Bank now owns 1,355,500 shares of the company’s stock valued at $3,823,000 after acquiring an additional 178,900 shares in the last quarter. ProShare Advisors LLC boosted its holdings in shares of Aurora Innovation by 14.5% during the 1st quarter. ProShare Advisors LLC now owns 64,179 shares of the company’s stock valued at $181,000 after acquiring an additional 8,142 shares in the last quarter. Finally, Vanguard Group Inc. boosted its holdings in shares of Aurora Innovation by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 84,784,550 shares of the company’s stock valued at $239,092,000 after acquiring an additional 1,267,962 shares in the last quarter. 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.