UiPath (NYSE:PATH) Given New $13.00 Price Target at BMO Capital Markets

UiPath (NYSE:PATH) had its target price lowered by investment analysts at BMO Capital Markets from $14.00 to $13.00 in a research note issued on Monday,Benzinga reports. The brokerage currently has a “market perform” rating on the stock. BMO Capital Markets’ price target points to a potential upside of 4.45% from the stock’s previous close.

PATH has been the topic of a number of other research reports. Wells Fargo & Company cut their price target on shares of UiPath from $14.00 to $13.00 and set an “equal weight” rating on the stock in a research note on Thursday, March 12th. Canaccord Genuity Group lowered their price objective on shares of UiPath from $19.00 to $15.00 and set a “buy” rating for the company in a research report on Thursday, March 12th. Morgan Stanley dropped their price objective on shares of UiPath from $17.00 to $15.00 and set an “equal weight” rating on the stock in a report on Friday. DA Davidson cut their price objective on shares of UiPath from $13.00 to $12.00 and set a “neutral” rating on the stock in a research report on Friday. Finally, Bank of America upped their target price on shares of UiPath from $12.00 to $13.00 and gave the stock an “underperform” rating in a research note on Friday. Two investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, UiPath presently has an average rating of “Hold” and an average target price of $13.93.

UiPath Price Performance

Shares of UiPath stock traded up $0.73 during trading hours on Monday, hitting $12.45. The company’s stock had a trading volume of 13,086,134 shares, compared to its average volume of 32,120,773. UiPath has a 12 month low of $9.20 and a 12 month high of $19.84. The stock has a 50 day moving average of $10.73 and a 200 day moving average of $12.90. The company has a market capitalization of $6.52 billion, a PE ratio of 20.80, a price-to-earnings-growth ratio of 1.95 and a beta of 0.96.

UiPath (NYSE:PATH) last released its quarterly earnings data on Thursday, May 28th. The company reported $0.15 earnings per share for the quarter, meeting the consensus estimate of $0.15. UiPath had a return on equity of 7.92% and a net margin of 19.58%.The business had revenue of $418.38 million for the quarter, compared to analysts’ expectations of $397.54 million. During the same quarter in the previous year, the business posted $0.11 EPS. UiPath’s revenue for the quarter was up 17.3% on a year-over-year basis. Equities analysts expect that UiPath will post 0.31 EPS for the current year.

Institutional Trading of UiPath

Hedge funds and other institutional investors have recently made changes to their positions in the business. Noble Wealth Management PBC bought a new position in UiPath in the fourth quarter valued at $25,000. HighMark Wealth Management LLC acquired a new position in shares of UiPath during the 4th quarter worth about $25,000. Raleigh Capital Management Inc. bought a new position in shares of UiPath in the 4th quarter valued at about $26,000. TD Waterhouse Canada Inc. grew its holdings in shares of UiPath by 1,270.8% in the 4th quarter. TD Waterhouse Canada Inc. now owns 1,782 shares of the company’s stock valued at $29,000 after acquiring an additional 1,652 shares in the last quarter. Finally, Atlas Capital Advisors Inc. acquired a new stake in shares of UiPath in the fourth quarter valued at about $37,000. 62.50% of the stock is currently owned by institutional investors and hedge funds.

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. Its platform's embedded AI, ML, and NLP capabilities improve decisioning and information processing; emulate human behavior allows organizations to address a myriad of use cases; emulate human behavior allows organizations to address a myriad of use cases; multi-tenant platform enterprise deployment with security and governance and Automation Cloud, which enables customers to begin automating without the need to provision infrastructure, install applications, or perform additional configurations; intuitive interface and low-code, drag-and-drop functionality; signed to enable people and automations to work together; and tracks, measures, and forecasts the performance of automations, enables customers to gain powerful insights and generate key performance indicators with actionable metric.