Urgent.ly (NASDAQ:ULY) Releases Quarterly Earnings Results, Beats Expectations By $1.09 EPS

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

Urgent.ly Stock Performance

ULY remained flat at $2.03 on Friday. 760,614 shares of the company were exchanged, compared to its average volume of 19,619. Urgent.ly has a 1-year low of $1.74 and a 1-year high of $17.99. The stock has a market capitalization of $4.45 million, a P/E ratio of -0.10 and a beta of -1.57. The business has a 50-day moving average of $2.29 and a 200 day moving average of $2.68.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Urgent.ly in a research note on Wednesday, January 21st. Two analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Urgent.ly presently 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.