Shares of UiPath Inc. (NASDAQ:PATH – Get Rating) have been assigned a consensus recommendation of “Hold” from the twenty-six research firms that are presently covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and twelve have given a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $50.07.
A number of brokerages have recently issued reports on PATH. Macquarie raised shares of UiPath from a “neutral” rating to an “outperform” rating in a research report on Tuesday, January 25th. Needham & Company LLC cut their price objective on shares of UiPath from $85.00 to $40.00 and set a “buy” rating for the company in a report on Thursday, March 31st. Credit Suisse Group lowered their target price on shares of UiPath from $75.00 to $57.50 and set an “outperform” rating on the stock in a report on Thursday, March 31st. Wells Fargo & Company cut their price target on UiPath from $45.00 to $35.00 and set an “overweight” rating for the company in a research note on Thursday, March 31st. Finally, Evercore ISI lowered their price objective on UiPath from $57.00 to $36.00 in a research note on Tuesday, March 29th.
In other UiPath news, Director Kimberly Hammonds sold 2,521 shares of the company’s stock in a transaction that occurred on Friday, March 18th. The shares were sold at an average price of $28.19, for a total value of $71,066.99. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Rich Wong sold 75,000 shares of UiPath stock in a transaction on Friday, February 18th. The stock was sold at an average price of $37.81, for a total transaction of $2,835,750.00. The disclosure for this sale can be found here. Insiders have sold a total of 152,521 shares of company stock worth $5,729,067 in the last 90 days.
UiPath stock opened at $19.04 on Friday. UiPath has a twelve month low of $18.90 and a twelve month high of $90.00. The company’s 50-day moving average price is $29.23 and its two-hundred day moving average price is $39.94.
UiPath (NASDAQ:PATH – Get Rating) last released its quarterly earnings results on Wednesday, March 30th. The healthcare company reported $0.05 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.03 by $0.02. UiPath had a negative return on equity of 21.20% and a negative net margin of 58.91%. The business had revenue of $289.70 million during the quarter, compared to analysts’ expectations of $283.25 million. The firm’s revenue was up 39.3% on a year-over-year basis. As a group, equities analysts forecast that UiPath will post -0.46 earnings per share for the current fiscal year.
About UiPath (Get Rating)
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, and Japan. The company offers a suite of interrelated software to build, manage, run, engage, measure, and govern automation within the organization.
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