UiPath (NYSE:PATH) Sets New 1-Year Low – Here’s Why

Shares of UiPath, Inc. (NYSE:PATHGet Free Report) hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $9.26 and last traded at $9.3380, with a volume of 2178079 shares trading hands. The stock had previously closed at $9.47.

UiPath News Roundup

Here are the key news stories impacting UiPath this week:

Analysts Set New Price Targets

Several equities analysts recently issued reports on PATH shares. Mizuho cut their price objective on shares of UiPath from $15.00 to $12.00 and set a “neutral” rating on the stock in a report on Thursday, March 12th. Bank of America lowered their target price on shares of UiPath from $14.00 to $12.00 and set an “underperform” rating for the company in a research note on Thursday, March 12th. BMO Capital Markets lowered their target price on shares of UiPath from $17.00 to $14.00 and set a “market perform” rating for the company in a research note on Friday, March 13th. DA Davidson lowered their target price on shares of UiPath from $15.00 to $13.00 and set a “neutral” rating for the company in a research note on Thursday, March 12th. Finally, Morgan Stanley upgraded shares of UiPath from an “equal weight” rating to a “positive” rating in a research note on Friday, March 13th. Three investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, UiPath presently has a consensus rating of “Hold” and an average target price of $14.07.

View Our Latest Stock Report on UiPath

UiPath Stock Up 6.4%

The company has a market capitalization of $5.39 billion, a price-to-earnings ratio of 19.78, a P/E/G ratio of 1.58 and a beta of 0.91. The company’s 50 day simple moving average is $10.90 and its two-hundred day simple moving average is $13.22.

UiPath (NYSE:PATHGet Free Report) last posted its quarterly earnings data on Wednesday, March 11th. The company reported $0.30 EPS for the quarter, topping the consensus estimate of $0.25 by $0.05. UiPath had a net margin of 17.53% and a return on equity of 5.69%. The business had revenue of $481.11 million during the quarter, compared to the consensus estimate of $464.81 million. During the same period in the previous year, the firm posted $0.26 earnings per share. The business’s revenue for the quarter was up 13.4% compared to the same quarter last year. Analysts anticipate that UiPath, Inc. will post 0.32 EPS for the current year.

Institutional Investors Weigh In On UiPath

Several institutional investors and hedge funds have recently made changes to their positions in PATH. Noble Wealth Management PBC acquired a new stake in shares of UiPath during the fourth quarter worth $25,000. HighMark Wealth Management LLC acquired a new stake in shares of UiPath during the fourth quarter worth $25,000. Raleigh Capital Management Inc. acquired a new stake in shares of UiPath during the fourth quarter worth $26,000. TD Waterhouse Canada Inc. lifted its stake in shares of UiPath by 1,270.8% during the fourth quarter. TD Waterhouse Canada Inc. now owns 1,782 shares of the company’s stock worth $29,000 after buying an additional 1,652 shares during the period. Finally, Atlas Capital Advisors Inc. acquired a new stake in shares of UiPath during the fourth quarter worth $37,000. 62.50% of the stock is currently owned by institutional investors and hedge funds.

About UiPath

(Get Free Report)

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.

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