UiPath Inc. (NYSE:PATH) Receives $17.47 Consensus Target Price from Analysts

Shares of UiPath Inc. (NYSE:PATH) have earned a consensus rating of “Hold” from the eighteen research firms that are covering the firm, Marketbeat.com reports. Sixteen analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $17.47.

PATH has been the topic of a number of recent analyst reports. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $16.00 target price on shares of UiPath in a research report on Friday, September 6th. JPMorgan Chase & Co. decreased their price target on shares of UiPath from $19.00 to $17.00 and set an “overweight” rating for the company in a research note on Wednesday, October 23rd. Needham & Company LLC reiterated a “hold” rating on shares of UiPath in a research note on Wednesday, October 23rd. Bank of America increased their price target on shares of UiPath from $16.00 to $18.00 and gave the stock a “neutral” rating in a research note on Friday, September 6th. Finally, Wells Fargo & Company decreased their price target on shares of UiPath from $15.00 to $13.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 23rd.

UiPath Price Performance

NYSE PATH opened at $14.25 on Wednesday. The firm’s fifty day moving average price is $12.71 and its 200 day moving average price is $13.21. The company has a market capitalization of $7.84 billion, a price-to-earnings ratio of -71.25 and a beta of 0.87. UiPath has a 12 month low of $10.37 and a 12 month high of $27.87.

UiPath (NYSE:PATH) last posted its earnings results on Thursday, September 5th. The company reported $0.04 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.01. The firm had revenue of $316.00 million for the quarter, compared to the consensus estimate of $303.69 million. UiPath had a negative net margin of 8.13% and a negative return on equity of 3.98%. The company’s revenue was up 10.0% on a year-over-year basis. During the same period last year, the firm posted ($0.09) EPS. As a group, sell-side analysts forecast that UiPath will post -0.23 earnings per share for the current year.

Insider Activity at UiPath

In other UiPath news, CFO Ashim Gupta sold 47,671 shares of the firm’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $12.07, for a total transaction of $575,388.97. Following the completion of the transaction, the chief financial officer now directly owns 849,917 shares in the company, valued at approximately $10,258,498.19. This trade represents a 5.31 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 22.37% of the company’s stock.

Hedge Funds Weigh In On UiPath

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PATH. Future Financial Wealth Managment LLC acquired a new position in UiPath during the third quarter worth about $26,000. JTC Employer Solutions Trustee Ltd acquired a new position in UiPath during the third quarter worth about $26,000. Hantz Financial Services Inc. acquired a new position in UiPath during the second quarter worth about $28,000. Quarry LP raised its position in UiPath by 654.4% during the third quarter. Quarry LP now owns 3,146 shares of the company’s stock worth $40,000 after acquiring an additional 2,729 shares during the last quarter. Finally, Redwood Wealth Management Group LLC acquired a new position in UiPath during the second quarter worth about $43,000. Institutional investors and hedge funds 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.