UBS Group Begins Coverage on UiPath (NYSE:PATH)

Equities researchers at UBS Group began coverage on shares of UiPath (NYSE:PATH) in a research note issued on Thursday, Marketbeat reports. The firm set a “sell” rating and a $14.00 price target on the stock. UBS Group’s price target would indicate a potential downside of 0.11% from the company’s previous close.

A number of other equities analysts have also weighed in on PATH. Royal Bank of Canada restated a “sector perform” rating and issued a $16.00 target price on shares of UiPath in a research note on Friday, December 6th. DA Davidson raised their target price on shares of UiPath from $13.00 to $15.00 and gave the company a “neutral” rating in a research note on Friday, September 6th. JPMorgan Chase & Co. lifted their target price on shares of UiPath from $17.00 to $18.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. Wells Fargo & Company decreased their price target on shares of UiPath from $15.00 to $13.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 23rd. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of UiPath in a report on Friday, December 6th. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $17.50.

UiPath Stock Performance

UiPath stock opened at $14.02 on Thursday. UiPath has a fifty-two week low of $10.37 and a fifty-two week high of $27.87. The stock has a market cap of $7.71 billion, a P/E ratio of -87.59 and a beta of 0.94. The firm’s fifty day moving average price is $13.32 and its 200-day moving average price is $12.66.

Hedge Funds Weigh In On UiPath

Institutional investors and hedge funds have recently bought and sold shares of the stock. Future Financial Wealth Managment LLC purchased a new stake in shares of UiPath during the third quarter valued at approximately $26,000. JTC Employer Solutions Trustee Ltd bought a new stake in UiPath during the 3rd quarter valued at $26,000. Hantz Financial Services Inc. purchased a new stake in UiPath during the 2nd quarter valued at $28,000. Quarry LP grew its holdings in UiPath by 654.4% in the 3rd 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 purchased a new position in shares of UiPath in the second quarter valued at about $43,000. 62.50% of the stock is currently owned by institutional investors.

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.