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

UiPath, Inc. (NYSE:PATH) has been assigned an average recommendation of “Hold” from the eighteen brokerages that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and three have issued a buy rating on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $14.0667.

PATH has been the subject of a number of research analyst reports. BMO Capital Markets lowered their price objective on shares of UiPath from $17.00 to $14.00 and set a “market perform” rating for the company in a research report on Friday, March 13th. Bank of America lowered their price objective on shares of UiPath from $14.00 to $12.00 and set an “underperform” rating for the company in a research report on Thursday, March 12th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of UiPath in a research report on Friday, March 27th. Canaccord Genuity Group lowered their price objective on shares of UiPath from $19.00 to $15.00 and set a “buy” rating for the company in a research report on Thursday, March 12th. Finally, Royal Bank Of Canada set a $14.00 price objective on shares of UiPath in a research report on Wednesday, February 11th.

Hedge Funds Weigh In On UiPath

A number of hedge funds have recently made changes to their positions in the stock. Bank of America Corp DE boosted its position in shares of UiPath by 13.2% during the 1st quarter. Bank of America Corp DE now owns 10,046,699 shares of the company’s stock worth $111,518,000 after purchasing an additional 1,170,285 shares during the period. Janus Henderson Group PLC boosted its position in UiPath by 9.9% in the 1st quarter. Janus Henderson Group PLC now owns 193,289 shares of the company’s stock valued at $2,148,000 after buying an additional 17,489 shares during the period. IFS Group LLC purchased a new position in UiPath in the 1st quarter valued at approximately $448,000. Amundi boosted its position in UiPath by 8.5% in the 1st quarter. Amundi now owns 366,456 shares of the company’s stock valued at $4,068,000 after buying an additional 28,691 shares during the period. Finally, California State Teachers Retirement System boosted its position in UiPath by 28.1% in the 1st quarter. California State Teachers Retirement System now owns 496,496 shares of the company’s stock valued at $5,511,000 after buying an additional 108,783 shares during the period. Hedge funds and other institutional investors own 62.50% of the company’s stock.

UiPath Stock Performance

NYSE:PATH opened at $10.92 on Friday. The stock has a market capitalization of $5.72 billion, a P/E ratio of 20.99, a PEG ratio of 1.79 and a beta of 0.91. The company has a 50 day moving average price of $10.78 and a 200 day moving average price of $13.02. UiPath has a fifty-two week low of $9.20 and a fifty-two week high of $19.84.

UiPath (NYSE:PATH) last posted its quarterly earnings data on Wednesday, March 11th. The company reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.05. The firm had revenue of $481.11 million during the quarter, compared to analysts’ expectations of $464.81 million. UiPath had a net margin of 17.53% and a return on equity of 5.69%. The firm’s quarterly revenue was up 13.4% on a year-over-year basis. During the same quarter last year, the company posted $0.26 EPS. Research analysts forecast that UiPath will post 0.32 earnings per share for the current fiscal 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.