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

UiPath, Inc. (NYSE:PATH) has earned a consensus recommendation of “Hold” from the seventeen brokerages that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, fourteen have given a hold recommendation and two have issued a buy recommendation on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $13.80.

A number of equities analysts have commented on the company. Wall Street Zen cut UiPath from a “buy” rating to a “hold” rating in a research note on Saturday, May 30th. UBS Group dropped their price objective on UiPath from $13.00 to $12.00 and set a “neutral” rating for the company in a research note on Monday, June 29th. Bank of America raised their target price on shares of UiPath from $12.00 to $13.00 and gave the stock an “underperform” rating in a report on Friday, May 29th. BMO Capital Markets decreased their target price on shares of UiPath from $14.00 to $13.00 and set a “market perform” rating on the stock in a research note on Monday, June 1st. Finally, New Street Research set a $13.00 price target on shares of UiPath in a report on Monday, June 1st.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of PATH. Noble Wealth Management PBC purchased a new position in shares of UiPath during the fourth quarter valued at approximately $25,000. HighMark Wealth Management LLC bought a new stake in UiPath in the fourth quarter valued at $25,000. Raleigh Capital Management Inc. bought a new stake in UiPath in the fourth quarter valued at $26,000. TD Waterhouse Canada Inc. increased its position in UiPath by 1,270.8% during the 4th quarter. TD Waterhouse Canada Inc. now owns 1,782 shares of the company’s stock valued at $29,000 after purchasing an additional 1,652 shares during the period. Finally, Atlas Capital Advisors Inc. purchased a new position in UiPath during the 4th quarter valued at $37,000. Hedge funds and other institutional investors own 62.50% of the company’s stock.

UiPath Trading Down 0.4%

Shares of NYSE:PATH opened at $11.64 on Monday. The stock has a market capitalization of $6.03 billion, a P/E ratio of 19.40, a price-to-earnings-growth ratio of 1.40 and a beta of 0.98. The stock’s 50-day moving average price is $10.90 and its 200-day moving average price is $11.99. UiPath has a 12-month low of $9.20 and a 12-month high of $19.84.

UiPath (NYSE:PATH) last released its earnings results on Thursday, May 28th. The company reported $0.15 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.15. The company had revenue of $418.38 million during the quarter, compared to analyst estimates of $397.54 million. UiPath had a return on equity of 7.92% and a net margin of 19.58%.UiPath’s revenue for the quarter was up 17.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.11 EPS. As a group, research analysts predict that UiPath will post 0.4 EPS for the current year.

UiPath Company Profile

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.