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

Shares of UiPath, Inc. (NYSE:PATH) have received a consensus recommendation of “Hold” from the seventeen brokerages that are currently covering the stock, MarketBeat reports. One 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 12-month target price among brokers that have covered the stock in the last year is $13.8667.

A number of brokerages have recently issued reports on PATH. Morgan Stanley dropped their target price on UiPath from $17.00 to $15.00 and set an “equal weight” rating on the stock in a research report on Friday, May 29th. Wall Street Zen lowered UiPath from a “buy” rating to a “hold” rating in a report on Saturday, May 30th. Bank of America boosted their price objective on UiPath from $12.00 to $13.00 and gave the company an “underperform” rating in a report on Friday, May 29th. Mizuho lowered their price objective on UiPath from $15.00 to $12.00 and set a “neutral” rating for the company in a report on Thursday, March 12th. Finally, TD Cowen lowered their price objective on UiPath from $16.00 to $13.00 and set a “hold” rating for the company in a report on Thursday, March 12th.

Institutional Trading of UiPath

Several hedge funds and other institutional investors have recently bought and sold shares of PATH. Norges Bank bought a new stake in UiPath in the fourth quarter valued at about $120,176,000. State Street Corp increased its holdings in UiPath by 66.4% in the fourth quarter. State Street Corp now owns 13,004,786 shares of the company’s stock valued at $213,148,000 after buying an additional 5,189,438 shares during 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 during the last quarter. Morgan Stanley increased its holdings in UiPath by 54.0% in the fourth 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 during the last quarter. Finally, Capital Impact Advisors LLC bought a new stake in UiPath in the fourth quarter valued at about $52,261,000. 62.50% of the stock is owned by institutional investors.

UiPath Stock Performance

Shares of NYSE PATH opened at $10.26 on Thursday. UiPath has a 1 year low of $9.20 and a 1 year high of $19.84. The firm has a market cap of $5.32 billion, a price-to-earnings ratio of 17.10, a PEG ratio of 1.34 and a beta of 0.96. The stock’s 50-day simple moving average is $10.70 and its 200-day simple moving average is $12.67.

UiPath (NYSE:PATH) last announced its earnings results on Thursday, May 28th. The company reported $0.15 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.15. UiPath had a return on equity of 7.92% and a net margin of 19.58%.The business had revenue of $418.38 million for the quarter, compared to analyst estimates of $397.54 million. During the same period in the previous year, the company earned $0.11 earnings per share. The company’s revenue for the quarter was up 17.3% compared to the same quarter last year. As a group, research analysts predict that UiPath will post 0.38 EPS 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.