UiPath, Inc. (NYSE:PATH) Given Average Recommendation of “Hold” by Analysts

Shares of UiPath, Inc. (NYSE:PATH) have received a consensus recommendation of “Hold” from the seventeen brokerages that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, fourteen have given a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $13.80.

Several brokerages have issued reports on PATH. DA Davidson dropped their target price on shares of UiPath from $13.00 to $12.00 and set a “neutral” rating for the company in a research report on Friday, May 29th. Bank of America raised their price objective on shares of UiPath from $12.00 to $13.00 and gave the company an “underperform” rating in a research report on Friday, May 29th. BMO Capital Markets dropped their price objective on shares of UiPath from $14.00 to $13.00 and set a “market perform” rating for the company in a report on Monday, June 1st. Wall Street Zen lowered shares of UiPath from a “buy” rating to a “hold” rating in a research report on Saturday, May 30th. Finally, New Street Research set a $13.00 target price on UiPath in a research note on Monday, June 1st.

UiPath Stock Down 0.1%

NYSE:PATH opened at $12.14 on Monday. The business’s 50-day moving average price is $11.04 and its two-hundred day moving average price is $11.82. UiPath has a twelve month low of $9.20 and a twelve month high of $19.84. The stock has a market cap of $6.29 billion, a P/E ratio of 20.23, a PEG ratio of 1.46 and a beta of 0.98.

UiPath (NYSE:PATH) last issued its quarterly earnings data on Thursday, May 28th. The company reported $0.15 EPS for the quarter, hitting the consensus estimate of $0.15. The company had revenue of $418.38 million during the quarter, compared to analyst estimates of $397.54 million. UiPath had a return on equity of 7.92% and a net margin of 19.58%.UiPath’s revenue was up 17.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.11 earnings per share. On average, equities research analysts expect that UiPath will post 0.4 EPS for the current fiscal year.

Hedge Funds Weigh In On UiPath

A number of hedge funds and other institutional investors have recently modified their holdings of PATH. Noble Wealth Management PBC purchased a new position in shares of UiPath during the 4th quarter valued at about $25,000. HighMark Wealth Management LLC purchased a new stake in UiPath in the fourth quarter worth approximately $25,000. Raleigh Capital Management Inc. purchased a new stake in UiPath in the fourth quarter worth approximately $26,000. TD Waterhouse Canada Inc. grew its position in UiPath by 1,270.8% during the fourth quarter. TD Waterhouse Canada Inc. now owns 1,782 shares of the company’s stock valued at $29,000 after acquiring an additional 1,652 shares during the last quarter. Finally, Atlas Capital Advisors Inc. bought a new position in UiPath during the fourth quarter valued at approximately $37,000. 62.50% of the stock is currently owned by hedge funds and other institutional investors.

About UiPath

UiPath Inc provides an end-to-end automation platform that offers a range of robotic process automation (RPA) solutions primarily in the United States, Romania, the United Kingdom, the Netherlands, and internationally. The company offers a suite of interrelated software to build, manage, run, engage, measure, and govern automation within the organization. Its platform's embedded AI, ML, and NLP capabilities improve decisioning and information processing; emulate human behavior allows organizations to address a myriad of use cases; emulate human behavior allows organizations to address a myriad of use cases; multi-tenant platform enterprise deployment with security and governance and Automation Cloud, which enables customers to begin automating without the need to provision infrastructure, install applications, or perform additional configurations; intuitive interface and low-code, drag-and-drop functionality; signed to enable people and automations to work together; and tracks, measures, and forecasts the performance of automations, enables customers to gain powerful insights and generate key performance indicators with actionable metric.