UiPath’s (PATH) “Buy” Rating Reaffirmed at Needham & Company LLC

UiPath (NYSE:PATHGet Free Report)‘s stock had its “buy” rating restated by research analysts at Needham & Company LLC in a research report issued on Friday,Benzinga reports. They presently have a $15.00 price target on the stock. Needham & Company LLC’s price target would indicate a potential upside of 29.30% from the stock’s current price.

A number of other equities analysts also recently commented on PATH. Wells Fargo & Company lowered their price objective on UiPath from $14.00 to $13.00 and set an “equal weight” rating for the company in a research report on Thursday, March 12th. DA Davidson decreased their target price on UiPath from $15.00 to $13.00 and set a “neutral” rating for the company in a research note on Thursday, March 12th. Zacks Research cut UiPath from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 6th. TD Cowen decreased their target price on UiPath from $16.00 to $13.00 and set a “hold” rating for the company in a research note on Thursday, March 12th. Finally, BMO Capital Markets decreased their target price on UiPath from $17.00 to $14.00 and set a “market perform” rating for the company in a research note on Friday, March 13th. Three equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $14.07.

View Our Latest Stock Report on UiPath

UiPath Stock Performance

Shares of UiPath stock opened at $11.60 on Friday. UiPath has a one year low of $9.20 and a one year high of $19.84. The company has a market cap of $6.08 billion, a PE ratio of 22.31, a P/E/G ratio of 1.83 and a beta of 0.91. The business has a 50-day simple moving average of $10.74 and a 200-day simple moving average of $12.91.

UiPath (NYSE:PATHGet Free Report) last announced its quarterly earnings data on Thursday, May 28th. The company reported $0.15 EPS for the quarter, hitting analysts’ consensus estimates of $0.15. UiPath had a return on equity of 5.69% and a net margin of 17.53%.The business 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 business’s revenue for the quarter was up 17.3% on a year-over-year basis. On average, sell-side analysts predict that UiPath will post 0.32 earnings per share for the current fiscal year.

Institutional Investors Weigh In On UiPath

Institutional investors have recently added to or reduced their stakes in the business. Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of UiPath by 1.9% in the 4th 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 during the period. Meeder Advisory Services Inc. raised its holdings in shares of UiPath by 7.6% in the 4th quarter. Meeder Advisory Services Inc. now owns 12,132 shares of the company’s stock worth $199,000 after purchasing an additional 861 shares during the period. Green Alpha Advisors LLC raised its holdings in shares of UiPath by 3.4% in the 4th quarter. Green Alpha Advisors LLC now owns 29,519 shares of the company’s stock worth $484,000 after purchasing an additional 973 shares during the period. Pasadena Private Wealth LLC raised its holdings in shares of UiPath by 9.0% in the 1st quarter. Pasadena Private Wealth LLC now owns 12,750 shares of the company’s stock worth $142,000 after purchasing an additional 1,050 shares during the period. Finally, Wealthfront Advisers LLC raised its holdings in shares of UiPath by 3.6% in the 3rd quarter. Wealthfront Advisers LLC now owns 32,886 shares of the company’s stock worth $440,000 after purchasing an additional 1,149 shares during the period. Hedge funds and other institutional investors own 62.50% of the company’s stock.

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About UiPath

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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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