UiPath, Inc. (NYSE:PATH) Receives Average Rating of “Hold” from Analysts

UiPath, Inc. (NYSE:PATH) has been assigned a consensus rating of “Hold” from the seventeen research firms that are currently covering the firm, MarketBeat.com reports. One equities research 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 target price among analysts that have covered the stock in the last year is $13.80.

PATH has been the topic of several research reports. Bank of America lifted their price objective on shares of UiPath from $12.00 to $13.00 and gave the company an “underperform” rating in a report on Friday, May 29th. New Street Research set a $13.00 target price on UiPath in a research report on Monday, June 1st. Needham & Company LLC reissued a “buy” rating and issued a $15.00 price target on shares of UiPath in a research report on Friday, May 29th. BMO Capital Markets decreased their price objective on UiPath from $14.00 to $13.00 and set a “market perform” rating for the company in a research note on Monday, June 1st. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of UiPath in a research note on Friday, July 10th.

UiPath Trading Up 1.3%

PATH opened at $14.00 on Friday. The company has a market capitalization of $7.25 billion, a price-to-earnings ratio of 23.34, a PEG ratio of 1.66 and a beta of 0.96. UiPath has a 12-month low of $9.20 and a 12-month high of $19.84. The business’s fifty day simple moving average is $11.52 and its 200-day simple moving average is $11.43.

UiPath (NYSE:PATH) last released its quarterly earnings data on Thursday, May 28th. The company reported $0.15 earnings per share for the quarter, meeting the consensus estimate 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 during the quarter, compared to the consensus estimate of $397.54 million. During the same period in the previous year, the company posted $0.11 earnings per share. The firm’s quarterly revenue was up 17.3% on a year-over-year basis. On average, equities research analysts predict that UiPath will post 0.4 EPS for the current year.

Institutional Investors Weigh In On UiPath

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Norges Bank purchased a new stake in shares of UiPath during the 4th quarter valued at $120,176,000. State Street Corp grew its stake in UiPath by 66.4% during the 4th 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 during the last quarter. AQR Capital Management LLC grew its stake in UiPath by 76.0% during the 2nd quarter. AQR Capital Management LLC now owns 11,407,569 shares of the company’s stock worth $145,732,000 after buying an additional 4,926,341 shares during the last quarter. Morgan Stanley increased its position in UiPath by 54.0% during the 4th quarter. Morgan Stanley now owns 9,310,304 shares of the company’s stock valued at $152,596,000 after buying an additional 3,262,930 shares in the last quarter. Finally, Capital Impact Advisors LLC acquired a new position in UiPath during the 4th quarter valued at about $52,261,000. Hedge funds and other institutional investors own 62.50% of the company’s stock.

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.