UiPath, Inc. (NYSE:PATH) Receives Consensus Recommendation of “Hold” from Brokerages

UiPath, Inc. (NYSE:PATH) has been assigned an average rating of “Hold” from the seventeen analysts that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and two have assigned a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $13.80.

PATH has been the topic of several research analyst reports. New Street Research set a $13.00 price target on UiPath in a research note on Monday, June 1st. DA Davidson cut their price target on shares of UiPath from $13.00 to $12.00 and set a “neutral” rating on the stock in a report on Friday, May 29th. UBS Group dropped their price objective on shares of UiPath from $13.00 to $12.00 and set a “neutral” rating on the stock in a report on Monday, June 29th. Weiss Ratings reiterated a “hold (c-)” rating on shares of UiPath in a research note on Friday, July 10th. Finally, Morgan Stanley reduced their target price on shares of UiPath from $17.00 to $15.00 and set an “equal weight” rating for the company in a report on Friday, May 29th.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its stake in shares of UiPath by 2.5% during the 4th quarter. Vanguard Group Inc. now owns 49,114,941 shares of the company’s stock worth $804,994,000 after purchasing an additional 1,219,057 shares during the period. State Street Corp boosted its holdings in UiPath by 66.4% during the fourth quarter. State Street Corp now owns 13,004,786 shares of the company’s stock worth $213,148,000 after buying an additional 5,189,438 shares in the last quarter. AQR Capital Management LLC increased its holdings in UiPath by 76.0% in the second quarter. AQR Capital Management LLC now owns 11,407,569 shares of the company’s stock valued at $145,732,000 after buying an additional 4,926,341 shares in the last quarter. Bank of America Corp DE increased its holdings in UiPath by 13.2% in the first quarter. Bank of America Corp DE now owns 10,046,699 shares of the company’s stock valued at $111,518,000 after buying an additional 1,170,285 shares in the last quarter. Finally, Morgan Stanley raised its position in shares of UiPath by 54.0% in the fourth quarter. Morgan Stanley now owns 9,310,304 shares of the company’s stock worth $152,596,000 after acquiring an additional 3,262,930 shares during the period. 62.50% of the stock is currently owned by hedge funds and other institutional investors.

UiPath Trading Up 1.3%

NYSE:PATH opened at $14.00 on Friday. UiPath has a 12 month low of $9.20 and a 12 month high of $19.84. The firm has a fifty day simple moving average of $11.52 and a 200-day simple moving average of $11.43. The company has a market capitalization of $7.25 billion, a P/E ratio of 23.34, a PEG ratio of 1.66 and a beta of 0.96.

UiPath (NYSE:PATH) last announced its quarterly earnings data on Thursday, May 28th. The company reported $0.15 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.15. The firm had revenue of $418.38 million for the quarter, compared to analyst estimates of $397.54 million. UiPath had a net margin of 19.58% and a return on equity of 7.92%. The business’s quarterly revenue was up 17.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.11 earnings per share. Equities analysts forecast that UiPath will post 0.4 EPS for the current year.

UiPath Company Profile

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.