Urgent.ly’s (ULY) Neutral Rating Reaffirmed at Chardan Capital

Chardan Capital reaffirmed their neutral rating on shares of Urgent.ly (NASDAQ:ULY) in a report released on Tuesday,Benzinga reports. The brokerage currently has a $5.50 price target on the stock, down from their prior price target of $15.00.

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Urgent.ly in a research note on Wednesday, January 21st. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $6.75.

Urgent.ly Price Performance

Shares of NASDAQ:ULY opened at $5.38 on Tuesday. Urgent.ly has a 1 year low of $1.74 and a 1 year high of $17.99. The business has a 50 day simple moving average of $2.38 and a two-hundred day simple moving average of $2.67. The firm has a market capitalization of $11.79 million, a PE ratio of -0.36 and a beta of -1.57.

Urgent.ly (NASDAQ:ULY) last issued its quarterly earnings results on Friday, March 13th. The company reported ($1.97) earnings per share for the quarter, topping the consensus estimate of ($3.06) by $1.09. The business had revenue of $33.29 million during the quarter, compared to analysts’ expectations of $31.80 million.

Institutional Investors 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 Urgent.ly Inc. (NASDAQ:ULY) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 11,903 shares of the company’s stock, valued at approximately $35,000. Sanctuary Advisors LLC owned 0.54% of Urgent.ly at the end of the most recent quarter. 28.30% of the stock is owned by hedge funds and other institutional investors.

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.