Aurora Innovation (NASDAQ:AUR) Posts Quarterly Earnings Results, Beats Expectations By $0.04 EPS

Aurora Innovation (NASDAQ:AURGet Rating) posted its quarterly earnings results on Wednesday. The company reported ($0.14) EPS for the quarter, topping the consensus estimate of ($0.18) by $0.04, Fidelity Earnings reports.

Aurora Innovation Price Performance

NASDAQ AUR traded up $0.06 during trading on Friday, reaching $2.70. The company’s stock had a trading volume of 1,233,759 shares, compared to its average volume of 2,686,486. The business has a 50-day moving average price of $2.41 and a 200-day moving average price of $3.95. Aurora Innovation has a 1-year low of $1.84 and a 1-year high of $17.77.

Institutional Trading of Aurora Innovation

A number of institutional investors have recently added to or reduced their stakes in AUR. Royal Bank of Canada increased its position in Aurora Innovation by 137.9% during the first quarter. Royal Bank of Canada now owns 14,465 shares of the company’s stock worth $80,000 after acquiring an additional 8,385 shares during the period. Douglass Winthrop Advisors LLC bought a new stake in Aurora Innovation in the 1st quarter valued at $98,000. Rhumbline Advisers bought a new stake in Aurora Innovation in the 1st quarter valued at $121,000. First Republic Investment Management Inc. bought a new stake in Aurora Innovation in the 1st quarter valued at $168,000. Finally, Virtu Financial LLC increased its holdings in Aurora Innovation by 27.7% in the 1st quarter. Virtu Financial LLC now owns 33,883 shares of the company’s stock valued at $189,000 after buying an additional 7,355 shares during the period. 22.35% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group decreased their price target on shares of Aurora Innovation from $6.00 to $4.00 and set a “neutral” rating for the company in a report on Wednesday, June 1st.

Aurora Innovation Company Profile

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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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