Aurora Innovation (NASDAQ:AUR) Shares Gap Up to $1.48

Aurora Innovation, Inc. (NASDAQ:AURGet Rating) gapped up before the market opened on Tuesday . The stock had previously closed at $1.48, but opened at $1.58. Aurora Innovation shares last traded at $1.48, with a volume of 13,195 shares trading hands.

Analyst Ratings Changes

A number of brokerages recently weighed in on AUR. DA Davidson cut their price objective on shares of Aurora Innovation from $14.25 to $8.00 and set a “buy” rating on the stock in a research note on Thursday, September 29th. The Goldman Sachs Group lowered their target price on Aurora Innovation from $4.00 to $2.50 and set a “neutral” rating on the stock in a report on Tuesday, October 11th.

Aurora Innovation Price Performance

The business has a fifty day moving average of $2.13 and a 200-day moving average of $2.46. The stock has a market capitalization of $1.64 billion, a price-to-earnings ratio of -0.92 and a beta of 1.70.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Tuttle Capital Management LLC increased its stake in Aurora Innovation by 42.0% in the 1st quarter. Tuttle Capital Management LLC now owns 15,001 shares of the company’s stock worth $84,000 after purchasing an additional 4,436 shares in the last quarter. Ovata Capital Management Ltd purchased a new position in Aurora Innovation in the 1st quarter worth about $25,000. Rhumbline Advisers increased its stake in Aurora Innovation by 26.5% in the 2nd quarter. Rhumbline Advisers now owns 27,374 shares of the company’s stock worth $52,000 after purchasing an additional 5,726 shares in the last quarter. Virtu Financial LLC increased its stake in Aurora Innovation by 27.7% in the 1st quarter. Virtu Financial LLC now owns 33,883 shares of the company’s stock worth $189,000 after purchasing an additional 7,355 shares in the last quarter. Finally, Wolverine Asset Management LLC increased its stake in Aurora Innovation by 148.0% in the 1st quarter. Wolverine Asset Management LLC now owns 13,170 shares of the company’s stock worth $73,000 after purchasing an additional 7,859 shares in the last quarter. 46.42% of the stock is owned by institutional investors and hedge funds.

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.

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