UiPath Inc. (NYSE:PATH) Receives Average Rating of "Hold" from Brokerages

UiPath Inc. (NYSE:PATH - Get Free Report) has earned a consensus recommendation of "Hold" from the nineteen brokerages that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, sixteen have assigned a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $17.50.

Several research firms recently issued reports on PATH. Royal Bank of Canada restated a "sector perform" rating and issued a $16.00 price target on shares of UiPath in a research note on Friday, December 6th. UBS Group assumed coverage on UiPath in a research report on Thursday. They set a "sell" rating and a $14.00 price objective for the company. Needham & Company LLC reiterated a "hold" rating on shares of UiPath in a research note on Friday, December 6th. TD Cowen reduced their price objective on UiPath from $17.00 to $16.00 and set a "hold" rating on the stock in a research report on Friday, September 6th. Finally, Morgan Stanley increased their target price on UiPath from $15.00 to $16.00 and gave the company an "equal weight" rating in a research report on Friday, December 6th.

Institutional Investors Weigh In On UiPath

Hedge funds have recently added to or reduced their stakes in the business. Sanctuary Advisors LLC grew its stake in shares of UiPath by 236.0% in the 3rd quarter. Sanctuary Advisors LLC now owns 41,098 shares of the company's stock valued at $526,000 after buying an additional 28,865 shares during the period. Geode Capital Management LLC boosted its holdings in UiPath by 7.2% in the third quarter. Geode Capital Management LLC now owns 7,312,068 shares of the company's stock worth $93,619,000 after acquiring an additional 493,502 shares in the last quarter. M&T Bank Corp grew its stake in UiPath by 60.1% in the third quarter. M&T Bank Corp now owns 31,791 shares of the company's stock valued at $407,000 after acquiring an additional 11,940 shares during the period. Public Employees Retirement System of Ohio increased its holdings in shares of UiPath by 61.9% during the third quarter. Public Employees Retirement System of Ohio now owns 240,123 shares of the company's stock valued at $3,074,000 after acquiring an additional 91,788 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new position in shares of UiPath during the third quarter worth approximately $1,483,000. 62.50% of the stock is currently owned by institutional investors.

UiPath Trading Down 1.5 %

PATH stock traded down $0.22 during mid-day trading on Friday, hitting $14.01. 8,646,474 shares of the company were exchanged, compared to its average volume of 9,693,381. UiPath has a 1-year low of $10.37 and a 1-year high of $27.87. The stock has a market capitalization of $7.70 billion, a PE ratio of -87.56 and a beta of 0.94. The business has a 50 day simple moving average of $13.32 and a 200-day simple moving average of $12.62.

About UiPath

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.