UiPath, Inc. (NYSE:PATH) Receives $14.07 Average PT from Brokerages

UiPath, Inc. (NYSE:PATH) has earned an average rating of “Hold” from the eighteen brokerages that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, fourteen have issued a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $14.0667.

Several equities research analysts recently issued reports on the stock. Wells Fargo & Company dropped their target price on shares of UiPath from $14.00 to $13.00 and set an “equal weight” rating on the stock in a report on Thursday, March 12th. Needham & Company LLC upgraded shares of UiPath from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a report on Thursday, March 12th. Mizuho dropped their target price on shares of UiPath from $15.00 to $12.00 and set a “neutral” rating on the stock in a report on Thursday, March 12th. Canaccord Genuity Group dropped their target price on shares of UiPath from $19.00 to $15.00 and set a “buy” rating on the stock in a report on Thursday, March 12th. Finally, DA Davidson dropped their target price on shares of UiPath from $15.00 to $13.00 and set a “neutral” rating on the stock in a report on Thursday, March 12th.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in PATH. Norges Bank bought a new position in UiPath in the fourth quarter worth approximately $120,176,000. State Street Corp raised its position in UiPath by 66.4% in the fourth quarter. State Street Corp now owns 13,004,786 shares of the company’s stock worth $213,148,000 after acquiring an additional 5,189,438 shares during the period. AQR Capital Management LLC raised its position in UiPath by 76.0% in the second quarter. AQR Capital Management LLC now owns 11,407,569 shares of the company’s stock worth $145,732,000 after acquiring an additional 4,926,341 shares during the period. Morgan Stanley raised its position in 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. Finally, Capital Impact Advisors LLC bought a new position in UiPath in the fourth quarter worth approximately $52,261,000. 62.50% of the stock is currently owned by institutional investors.

UiPath Trading Down 1.1%

Shares of PATH stock opened at $10.71 on Wednesday. UiPath has a 12-month low of $9.28 and a 12-month high of $19.84. The firm’s 50 day moving average is $10.94 and its 200 day moving average is $13.51. The stock has a market capitalization of $5.61 billion, a P/E ratio of 20.59, a P/E/G ratio of 1.77 and a beta of 0.91.

UiPath (NYSE:PATH) last issued its earnings results on Wednesday, March 11th. The company reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.05. UiPath had a net margin of 17.53% and a return on equity of 5.69%. The company had revenue of $481.11 million for the quarter, compared to analysts’ expectations of $464.81 million. During the same quarter last year, the company posted $0.26 earnings per share. The firm’s quarterly revenue was up 13.4% on a year-over-year basis. As a group, equities analysts predict that UiPath will post 0.32 earnings per share for the current year.

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.