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

Shares of UiPath, Inc. (NYSE:PATHGet Free Report) have received an average recommendation of “Hold” from the eighteen research firms that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, fourteen have given a hold recommendation and three have given a buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $14.0667.

A number of equities research analysts recently weighed in on the company. Wall Street Zen downgraded UiPath from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 28th. Zacks Research downgraded UiPath from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 6th. Morgan Stanley raised UiPath from an “equal weight” rating to a “positive” rating in a research report on Friday, March 13th. Mizuho dropped their price objective on UiPath from $15.00 to $12.00 and set a “neutral” rating on the stock in a research report on Thursday, March 12th. Finally, Bank of America dropped their price objective on UiPath from $14.00 to $12.00 and set an “underperform” rating on the stock in a research report on Thursday, March 12th.

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Institutional Investors Weigh In On UiPath

A number of institutional investors have recently added to or reduced their stakes in PATH. Norges Bank bought a new stake in UiPath during the fourth quarter valued at about $120,176,000. State Street Corp boosted its position in UiPath by 66.4% during the fourth quarter. State Street Corp now owns 13,004,786 shares of the company’s stock valued at $213,148,000 after purchasing an additional 5,189,438 shares in the last quarter. AQR Capital Management LLC boosted its position in UiPath by 76.0% during the second quarter. AQR Capital Management LLC now owns 11,407,569 shares of the company’s stock valued at $145,732,000 after purchasing an additional 4,926,341 shares in the last quarter. Morgan Stanley boosted its position in UiPath by 54.0% during the fourth quarter. Morgan Stanley now owns 9,310,304 shares of the company’s stock valued at $152,596,000 after purchasing an additional 3,262,930 shares in the last quarter. Finally, Capital Impact Advisors LLC bought a new stake in UiPath during the fourth quarter valued at about $52,261,000. Institutional investors own 62.50% of the company’s stock.

UiPath Trading Up 4.0%

PATH opened at $11.60 on Friday. 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 $10.74 and its 200-day simple moving average is $12.91. The company has a market capitalization of $6.08 billion, a price-to-earnings ratio of 22.31, a PEG ratio of 1.83 and a beta of 0.91.

UiPath (NYSE:PATHGet Free Report) last posted its quarterly 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 5.69% and a net margin of 17.53%.The business had revenue of $418.38 million for the quarter, compared to the consensus estimate of $397.54 million. During the same quarter in the prior year, the company earned $0.11 EPS. The business’s revenue was up 17.3% compared to the same quarter last year. On average, equities research analysts predict that UiPath will post 0.32 EPS for the current year.

About UiPath

(Get Free Report)

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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Analyst Recommendations for UiPath (NYSE:PATH)

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