Aurora Innovation (NASDAQ:AUR) Shares Down 12.3% – Should You Sell?

Aurora Innovation, Inc. (NASDAQ:AUR)’s share price was down 12.3% during trading on Monday . The company traded as low as $6.23 and last traded at $6.23. Approximately 8,191,315 shares traded hands during mid-day trading, a decline of 49% from the average daily volume of 15,962,853 shares. The stock had previously closed at $7.10.

Wall Street Analysts Forecast Growth

AUR has been the topic of a number of research reports. Evercore ISI upped their target price on Aurora Innovation from $5.00 to $6.00 and gave the company an “in-line” rating in a report on Tuesday, February 18th. Cantor Fitzgerald reiterated an “overweight” rating and set a $10.00 price target on shares of Aurora Innovation in a report on Thursday, February 13th. Wolfe Research assumed coverage on Aurora Innovation in a research note on Tuesday, November 26th. They issued a “peer perform” rating for the company. Canaccord Genuity Group raised their price objective on shares of Aurora Innovation from $7.00 to $10.00 and gave the company a “buy” rating in a research report on Wednesday, January 8th. Finally, Morgan Stanley started coverage on shares of Aurora Innovation in a research report on Monday, March 3rd. They issued an “overweight” rating and a $12.00 target price for the company. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $8.08.

Aurora Innovation Price Performance

The firm has a market capitalization of $11.07 billion, a P/E ratio of -13.53 and a beta of 2.82. The business has a 50 day moving average price of $7.24 and a 200 day moving average price of $6.32.

Aurora Innovation (NASDAQ:AUR) last released its earnings results on Wednesday, February 12th. The company reported ($0.11) EPS for the quarter. As a group, equities analysts expect that Aurora Innovation, Inc. will post -0.49 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Twin Tree Management LP increased its holdings in Aurora Innovation by 217.2% in the 4th quarter. Twin Tree Management LP now owns 4,450 shares of the company’s stock valued at $28,000 after buying an additional 3,047 shares during the period. GPS Wealth Strategies Group LLC increased its stake 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 acquiring an additional 4,955 shares during the period. Souders Financial Advisors acquired a new position in Aurora Innovation in the third quarter worth about $59,000. Dynamic Technology Lab Private Ltd acquired a new stake in Aurora Innovation during the third quarter valued at approximately $60,000. Finally, Sigma Planning Corp bought a new stake in shares of Aurora Innovation in the 3rd quarter valued at approximately $63,000. 44.71% of the stock is currently owned by institutional investors and hedge funds.

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.