UiPath Inc. (NYSE:PATH) Receives $17.50 Average PT from Analysts

Shares of UiPath Inc. (NYSE:PATH) have been given a consensus rating of “Hold” by the nineteen brokerages that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and two have assigned a buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $17.50.

A number of research analysts have recently commented on PATH shares. UBS Group initiated coverage on UiPath in a research report on Thursday, December 12th. They set a “sell” rating and a $14.00 target price for the company. Royal Bank of Canada reiterated a “sector perform” rating and set a $16.00 price objective on shares of UiPath in a research report on Friday, December 6th. DA Davidson boosted their target price on shares of UiPath from $13.00 to $15.00 and gave the stock a “neutral” rating in a report on Friday, September 6th. Needham & Company LLC restated a “hold” rating on shares of UiPath in a research report on Friday, December 6th. Finally, Barclays lifted their price target on UiPath from $15.00 to $16.00 and gave the stock an “equal weight” rating in a research report on Friday, December 6th.

UiPath Trading Down 1.1 %

NYSE:PATH opened at $13.91 on Friday. The business’s 50-day moving average is $13.39 and its 200 day moving average is $12.61. UiPath has a 12 month low of $10.37 and a 12 month high of $27.87. The company has a market capitalization of $7.64 billion, a P/E ratio of -86.94 and a beta of 0.94.

Institutional Investors Weigh In On UiPath

Large investors have recently added to or reduced their stakes in the stock. Cowa LLC raised its stake in shares of UiPath by 4.4% during the third quarter. Cowa LLC now owns 26,681 shares of the company’s stock valued at $342,000 after acquiring an additional 1,118 shares in the last quarter. Nations Financial Group Inc. IA ADV raised its position in UiPath by 6.8% during the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 26,090 shares of the company’s stock valued at $334,000 after purchasing an additional 1,654 shares in the last quarter. Amalgamated Bank lifted its holdings in shares of UiPath by 7.1% in the 3rd quarter. Amalgamated Bank now owns 27,312 shares of the company’s stock worth $350,000 after buying an additional 1,811 shares during the period. Thrivent Financial for Lutherans grew its position 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 worth $267,000 after buying an additional 1,995 shares in the last quarter. Finally, Future Financial Wealth Managment LLC purchased a new position in shares of UiPath during the third quarter valued at $26,000. 62.50% of the stock is owned by hedge funds and other institutional investors.

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.