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

UiPath, Inc. (NYSE:PATH) has been given a consensus recommendation of “Hold” by the seventeen research firms that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating and two have issued a buy rating on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $13.80.

A number of equities research analysts have recently issued reports on the company. BMO Capital Markets dropped their price objective on UiPath from $14.00 to $13.00 and set a “market perform” rating on the stock in a research note on Monday, June 1st. Bank of America upped their price target on shares of UiPath from $12.00 to $13.00 and gave the stock an “underperform” rating in a research report on Friday, May 29th. Needham & Company LLC reiterated a “buy” rating and issued a $15.00 price target on shares of UiPath in a research note on Friday, May 29th. Weiss Ratings reissued a “hold (c-)” rating on shares of UiPath in a research report on Friday, July 10th. Finally, DA Davidson dropped their target price 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.

UiPath Trading Up 0.9%

UiPath stock opened at $12.14 on Monday. The company has a market cap of $6.29 billion, a P/E ratio of 20.23, a price-to-earnings-growth ratio of 1.44 and a beta of 0.98. UiPath has a 1-year low of $9.20 and a 1-year high of $19.84. The company has a fifty day simple moving average of $11.04 and a 200 day simple moving average of $11.85.

UiPath (NYSE:PATH) last issued its quarterly earnings results on Thursday, May 28th. The company reported $0.15 earnings per share (EPS) for the quarter, meeting the consensus estimate 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 company’s revenue was up 17.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.11 EPS. On average, equities research analysts forecast that UiPath will post 0.4 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Noble Wealth Management PBC bought a new position in shares of UiPath in the fourth quarter valued at about $25,000. HighMark Wealth Management LLC bought a new stake in shares of UiPath during the 4th quarter worth about $25,000. Raleigh Capital Management Inc. bought a new stake in shares of UiPath during the 4th quarter worth about $26,000. TD Waterhouse Canada Inc. grew its stake in UiPath by 1,270.8% in the 4th quarter. TD Waterhouse Canada Inc. now owns 1,782 shares of the company’s stock valued at $29,000 after buying an additional 1,652 shares during the last quarter. Finally, Atlas Capital Advisors Inc. acquired a new position in UiPath in the 4th quarter valued at about $37,000. 62.50% of the stock is owned by institutional investors and hedge funds.

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.