UiPath, Inc. (NYSE:PATH) Receives $13.87 Average Price Target from Analysts

Shares of UiPath, Inc. (NYSE:PATH) have been given a consensus recommendation of “Hold” by the seventeen analysts that are currently covering the stock, MarketBeat reports. One research 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 twelve-month price target among brokerages that have issued a report on the stock in the last year is $13.8667.

PATH has been the topic of several recent analyst reports. Wells Fargo & Company dropped their target price on UiPath from $14.00 to $13.00 and set an “equal weight” rating on the stock in a report on Thursday, March 12th. Canaccord Genuity Group dropped their target price on UiPath from $19.00 to $15.00 and set a “buy” rating on the stock in a report on Thursday, March 12th. BMO Capital Markets dropped their target price on UiPath from $14.00 to $13.00 and set a “market perform” rating on the stock in a report on Monday, June 1st. Wall Street Zen cut UiPath from a “buy” rating to a “hold” rating in a report on Saturday, May 30th. Finally, Truist Financial dropped their target price on UiPath from $17.00 to $12.00 and set a “hold” rating on the stock in a report on Thursday, March 12th.

UiPath Trading Down 1.2%

Shares of NYSE PATH opened at $10.15 on Thursday. The stock has a 50 day simple moving average of $10.69 and a 200-day simple moving average of $12.59. The company has a market cap of $5.26 billion, a PE ratio of 16.91, a P/E/G ratio of 1.31 and a beta of 0.96. UiPath has a 12-month low of $9.20 and a 12-month high of $19.84.

UiPath (NYSE:PATH) last issued its quarterly earnings data on Thursday, May 28th. The company reported $0.15 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.15. The business had revenue of $418.38 million during the quarter, compared to the consensus estimate of $397.54 million. UiPath had a return on equity of 7.92% and a net margin of 19.58%.The business’s revenue was up 17.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.11 earnings per share. Sell-side analysts forecast that UiPath will post 0.38 earnings per share for the current fiscal year.

Institutional Investors Weigh In On UiPath

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PATH. Royal Bank of Canada raised its holdings in UiPath by 8.4% during the first quarter. Royal Bank of Canada now owns 140,774 shares of the company’s stock worth $1,450,000 after purchasing an additional 10,872 shares in the last quarter. Woodline Partners LP raised its holdings in UiPath by 69.6% during the first quarter. Woodline Partners LP now owns 22,566 shares of the company’s stock worth $232,000 after purchasing an additional 9,257 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in UiPath by 5.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,477,730 shares of the company’s stock worth $15,221,000 after purchasing an additional 75,737 shares in the last quarter. Sivia Capital Partners LLC bought a new stake in UiPath during the second quarter worth approximately $169,000. Finally, Prudential Financial Inc. increased its holdings in shares of UiPath by 90.1% in the second quarter. Prudential Financial Inc. now owns 34,029 shares of the company’s stock valued at $436,000 after buying an additional 16,125 shares in the last quarter. Institutional investors own 62.50% of the company’s stock.

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.