Urgent.ly (NASDAQ:ULY) Earns “Neutral” Rating from Chardan Capital

Urgent.ly (NASDAQ:ULY)‘s stock had its “neutral” rating reiterated by analysts at Chardan Capital in a note issued to investors on Tuesday,Benzinga reports. They currently have a $5.50 target price on the stock, down from their prior target price of $15.00. Chardan Capital’s price target suggests a potential upside of 2.42% from the stock’s current price.

Separately, Weiss Ratings reissued 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 assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $6.75.

Urgent.ly Trading Up 164.5%

Shares of ULY opened at $5.37 on Tuesday. Urgent.ly has a 12-month low of $1.74 and a 12-month high of $17.99. The company has a market cap of $11.76 million, a PE ratio of -0.36 and a beta of -1.57. The stock has a 50-day moving average price of $2.34 and a 200-day moving average price of $2.67.

Urgent.ly (NASDAQ:ULY) last posted its quarterly earnings data 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 company had revenue of $33.29 million during the quarter, compared to the consensus estimate of $31.80 million.

Institutional Trading of Urgent.ly

An institutional investor recently bought a new position in Urgent.ly stock. Highbridge Capital Management LLC acquired a new stake in shares of Urgent.ly Inc. (NASDAQ:ULY) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 68,748 shares of the company’s stock, valued at approximately $222,000. Highbridge Capital Management LLC owned about 4.91% of Urgent.ly at the end of the most recent quarter. Hedge funds and other institutional investors own 28.30% of the company’s stock.

About Urgent.ly

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.