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

Shares of UiPath, Inc. (NYSE:PATHGet Free Report) have been assigned an average rating of “Hold” from the seventeen ratings firms that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and two have issued a buy rating on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $13.8667.

PATH has been the topic of a number of research analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of UiPath in a report on Friday, March 27th. Truist Financial reduced their target price on UiPath from $17.00 to $12.00 and set a “hold” rating on the stock in a report on Thursday, March 12th. TD Cowen reduced their price objective on UiPath from $16.00 to $13.00 and set a “hold” rating on the stock in a research note on Thursday, March 12th. William Blair restated a “hold” rating on shares of UiPath in a research note on Thursday, March 12th. Finally, DA Davidson reduced their price objective on UiPath from $13.00 to $12.00 and set a “neutral” rating on the stock in a research note on Friday, May 29th.

Get Our Latest Research Report on PATH

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of UiPath by 1.9% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 37,871 shares of the company’s stock worth $621,000 after purchasing an additional 720 shares in the last quarter. Meeder Advisory Services Inc. lifted its stake in shares of UiPath by 7.6% during the fourth quarter. Meeder Advisory Services Inc. now owns 12,132 shares of the company’s stock worth $199,000 after purchasing an additional 861 shares in the last quarter. Green Alpha Advisors LLC increased its position in shares of UiPath by 3.4% during the fourth quarter. Green Alpha Advisors LLC now owns 29,519 shares of the company’s stock worth $484,000 after acquiring an additional 973 shares during the last quarter. Pasadena Private Wealth LLC increased its position in shares of UiPath by 9.0% during the first quarter. Pasadena Private Wealth LLC now owns 12,750 shares of the company’s stock worth $142,000 after acquiring an additional 1,050 shares during the last quarter. Finally, CoreCap Advisors LLC increased its position in shares of UiPath by 92.3% during the fourth quarter. CoreCap Advisors LLC now owns 2,579 shares of the company’s stock worth $42,000 after acquiring an additional 1,238 shares during the last quarter. Institutional investors and hedge funds own 62.50% of the company’s stock.

UiPath Trading Down 2.5%

Shares of UiPath stock opened at $10.26 on Thursday. UiPath has a twelve month low of $9.20 and a twelve month high of $19.84. The stock has a market capitalization of $5.32 billion, a P/E ratio of 17.10, a PEG ratio of 1.34 and a beta of 0.96. The business’s fifty day moving average price is $10.70 and its 200 day moving average price is $12.67.

UiPath (NYSE:PATHGet Free Report) last issued its earnings results on Thursday, May 28th. The company reported $0.15 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.15. UiPath had a return on equity of 7.92% and a net margin of 19.58%.The firm had revenue of $418.38 million for the quarter, compared to analysts’ expectations of $397.54 million. During the same quarter last year, the firm earned $0.11 earnings per share. The firm’s revenue for the quarter was up 17.3% compared to the same quarter last year. As a group, sell-side analysts predict that UiPath will post 0.38 EPS for the current year.

UiPath Company Profile

(Get Free Report)

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.

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Analyst Recommendations for UiPath (NYSE:PATH)

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