Urgent.ly (NASDAQ:ULY) Announces Earnings Results

Urgent.ly (NASDAQ:ULY) issued its earnings results on Friday. The company reported ($1.97) earnings per share for the quarter, beating analysts’ consensus estimates of ($3.06) by $1.09, Zacks reports. The firm had revenue of $33.30 million for the quarter, compared to the consensus estimate of $31.80 million.

Urgent.ly Stock Performance

Shares of Urgent.ly stock opened at $2.03 on Friday. The company has a market capitalization of $4.45 million, a PE ratio of -0.14 and a beta of -1.57. The company has a 50-day simple moving average of $2.29 and a two-hundred day simple moving average of $2.67. Urgent.ly has a one year low of $1.74 and a one year high of $17.99.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Urgent.ly in a report on Wednesday, January 21st. Two investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Urgent.ly currently has a consensus rating of “Hold” and an average target price of $11.50.

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.