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

UiPath Inc. (NYSE:PATH) has been assigned a consensus rating of “Hold” from the nineteen brokerages that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating and two have issued a buy rating on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $17.50.

A number of research firms have recently commented on PATH. BMO Capital Markets increased their price target on shares of UiPath from $15.00 to $16.00 and gave the company a “market perform” rating in a report on Friday, December 6th. DA Davidson increased their target price on UiPath from $13.00 to $15.00 and gave the company a “neutral” rating in a research note on Friday, September 6th. Needham & Company LLC restated a “hold” rating on shares of UiPath in a research note on Friday, December 6th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $16.00 price objective on shares of UiPath in a research report on Friday, December 6th. Finally, Wells Fargo & Company reduced their price objective on UiPath from $15.00 to $13.00 and set an “equal weight” rating for the company in a report on Wednesday, October 23rd.

Institutional Trading of UiPath

Several hedge funds have recently bought and sold shares of the stock. Cowa LLC lifted its position in shares of UiPath by 4.4% during the 3rd quarter. Cowa LLC now owns 26,681 shares of the company’s stock valued at $342,000 after buying an additional 1,118 shares in the last quarter. Nations Financial Group Inc. IA ADV increased its stake in shares of UiPath by 6.8% in the third quarter. Nations Financial Group Inc. IA ADV now owns 26,090 shares of the company’s stock worth $334,000 after purchasing an additional 1,654 shares in the last quarter. Amalgamated Bank raised its position in shares of UiPath by 7.1% during the 3rd quarter. Amalgamated Bank now owns 27,312 shares of the company’s stock valued at $350,000 after purchasing an additional 1,811 shares during the period. Thrivent Financial for Lutherans lifted its stake in shares of UiPath by 10.6% during the 3rd quarter. Thrivent Financial for Lutherans now owns 20,881 shares of the company’s stock valued at $267,000 after buying an additional 1,995 shares in the last quarter. Finally, Future Financial Wealth Managment LLC bought a new position in UiPath in the 3rd quarter worth $26,000. Institutional investors own 62.50% of the company’s stock.

UiPath Price Performance

Shares of UiPath stock opened at $14.01 on Friday. The firm has a market cap of $7.70 billion, a price-to-earnings ratio of -87.56 and a beta of 0.94. UiPath has a 1 year low of $10.37 and a 1 year high of $27.87. The company has a 50-day moving average of $13.32 and a 200 day moving average of $12.62.

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.