UiPath Inc. (NYSE:PATH) Given Consensus Recommendation of “Hold” by Analysts

UiPath Inc. (NYSE:PATH) has been assigned a consensus rating of “Hold” from the nineteen brokerages that are presently covering the company, MarketBeat Ratings reports. One investment 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 12 month price target among brokers that have covered the stock in the last year is $17.50.

A number of research firms recently issued reports on PATH. Royal Bank of Canada reissued a “sector perform” rating and issued a $16.00 price target on shares of UiPath in a research note on Friday, December 6th. Bank of America raised their target price on UiPath from $16.00 to $18.00 and gave the company a “neutral” rating in a research note on Friday, September 6th. TD Cowen reduced their price target on UiPath from $17.00 to $16.00 and set a “hold” rating on the stock in a research note on Friday, September 6th. DA Davidson raised their price objective on UiPath from $13.00 to $15.00 and gave the company a “neutral” rating in a research report on Friday, September 6th. Finally, Wells Fargo & Company reduced their target price on shares of UiPath from $15.00 to $13.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 23rd.

UiPath Trading Up 4.0 %

Shares of NYSE PATH opened at $13.25 on Friday. The firm has a fifty day simple moving average of $13.42 and a two-hundred day simple moving average of $12.62. UiPath has a 12 month low of $10.37 and a 12 month high of $27.87. The firm has a market capitalization of $7.28 billion, a PE ratio of -82.81 and a beta of 0.94.

Hedge Funds Weigh In On UiPath

Institutional investors and hedge funds have recently modified their holdings of the company. Future Financial Wealth Managment LLC purchased a new position in UiPath in the third quarter worth about $26,000. JTC Employer Solutions Trustee Ltd purchased a new position in shares of UiPath in the third quarter worth approximately $26,000. Hantz Financial Services Inc. bought a new stake in UiPath during the second quarter valued at approximately $28,000. Quarry LP increased its holdings in UiPath by 654.4% during the third quarter. Quarry LP now owns 3,146 shares of the company’s stock valued at $40,000 after buying an additional 2,729 shares during the last quarter. Finally, Redwood Wealth Management Group LLC bought a new position in UiPath in the second quarter worth approximately $43,000. 62.50% of the stock is currently 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.