Urgent.ly (NASDAQ:ULY) Trading Down 4.5% – Here’s Why

Urgent.ly Inc. (NASDAQ:ULY) shares traded down 4.5% during trading on Monday . The stock traded as low as $1.88 and last traded at $1.93. 23,681 shares traded hands during trading, a decline of 94% from the average session volume of 396,569 shares. The stock had previously closed at $2.02.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on ULY shares. Weiss Ratings reissued a “sell (e+)” rating on shares of Urgent.ly in a report on Wednesday, January 21st. Needham & Company LLC reiterated a “buy” rating and set a $8.00 price target on shares of Urgent.ly in a research note on Thursday, November 13th. Finally, Chardan Capital reissued a “buy” rating and set a $15.00 price objective on shares of Urgent.ly in a research report on Thursday, November 13th. Two analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $11.50.

Urgent.ly Price Performance

The company has a market capitalization of $4.23 million, a price-to-earnings ratio of -0.09 and a beta of -1.64. The firm’s 50-day simple moving average is $2.35 and its two-hundred day simple moving average is $2.93.

Hedge Funds Weigh In On Urgent.ly

A hedge fund recently bought a new stake in Urgent.ly stock. Sanctuary Advisors LLC bought a new position in shares of Urgent.ly Inc. (NASDAQ:ULY) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 11,903 shares of the company’s stock, valued at approximately $35,000. Sanctuary Advisors LLC owned approximately 0.54% of Urgent.ly as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 28.30% of the company’s stock.

Urgent.ly Company Profile

Urgent.ly, Inc (NASDAQ: ULY) operates a digital roadside assistance platform that connects drivers in need of help with a network of service providers. Through its mobile applications and enterprise APIs, the company offers on-demand towing, battery jump-starts, tire changes, fuel delivery and lockout services. By leveraging real-time location data and predictive analytics, Urgent.ly aims to streamline response times and improve the overall customer experience compared to traditional roadside assistance models.

The company’s platform serves both individual consumers and large-scale commercial clients, including automotive original equipment manufacturers (OEMs), fleet operators, rental agencies and insurance providers.