Urgent.ly (NASDAQ:ULY) Given Neutral Rating at Chardan Capital

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

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

Urgent.ly Stock Up 164.5%

Urgent.ly stock opened at $5.37 on Tuesday. The firm has a 50 day moving average price of $2.34 and a 200-day moving average price of $2.67. Urgent.ly has a twelve month low of $1.74 and a twelve month high of $17.99. The company has a market capitalization of $11.76 million, a P/E ratio of -0.36 and a beta of -1.57.

Urgent.ly (NASDAQ:ULY) last posted its quarterly earnings results on Friday, March 13th. The company reported ($1.97) EPS for the quarter, topping analysts’ consensus estimates 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 Inflows and Outflows

A hedge fund recently bought a new stake in Urgent.ly stock. Highbridge Capital Management LLC acquired a new position in Urgent.ly Inc. (NASDAQ:ULY) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 68,748 shares of the company’s stock, valued at approximately $222,000. Highbridge Capital Management LLC owned approximately 4.91% of Urgent.ly as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds 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.