Aurora Innovation (NASDAQ:AUR) Stock Price Down 6.5%

Shares of Aurora Innovation, Inc. (NASDAQ:AUR – Get Rating) traded down 6.5% on Wednesday . The company traded as low as $1.42 and last traded at $1.44. 703,133 shares were traded during trading, a decline of 61% from the average session volume of 1,802,483 shares. The stock had previously closed at $1.54.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on AUR shares. DA Davidson lowered their target price on shares of Aurora Innovation from $14.25 to $8.00 and set a “buy” rating for the company in a report on Thursday, September 29th. The Goldman Sachs Group lowered their target price on shares of Aurora Innovation from $4.00 to $2.50 and set a “neutral” rating for the company in a report on Tuesday, October 11th.

Aurora Innovation Stock Down 6.2 %

The company’s fifty day moving average price is $1.32 and its 200-day moving average price is $1.99.

Aurora Innovation (NASDAQ:AUR – Get Rating) last announced its quarterly earnings data on Wednesday, November 2nd. The company reported ($0.17) earnings per share for the quarter. Aurora Innovation had a negative net margin of 1,815.83% and a negative return on equity of 25.08%. The company had revenue of $2.90 million for the quarter.

Institutional Investors Weigh In On Aurora Innovation

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AUR. Rhumbline Advisers increased its position in Aurora Innovation by 26.5% during the 2nd quarter. Rhumbline Advisers now owns 27,374 shares of the company’s stock valued at $52,000 after purchasing an additional 5,726 shares during the period. Virtu Financial LLC increased its position in Aurora Innovation by 27.7% during the 1st quarter. Virtu Financial LLC now owns 33,883 shares of the company’s stock valued at $189,000 after purchasing an additional 7,355 shares during the period. Royal Bank of Canada increased its position in Aurora Innovation by 137.9% during the 1st quarter. Royal Bank of Canada now owns 14,465 shares of the company’s stock valued at $80,000 after purchasing an additional 8,385 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its position in Aurora Innovation by 65.4% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 23,658 shares of the company’s stock valued at $4,434,000 after purchasing an additional 9,358 shares during the period. Finally, Itau Unibanco Holding S.A. purchased a new position in Aurora Innovation during the 3rd quarter valued at about $27,000. Institutional investors own 46.54% of the company’s stock.

About Aurora Innovation

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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 passenger vehicles, light commercial vehicles, and trucks.