Urgent.ly (NASDAQ:ULY) Shares Down 4.5% – Should You Sell?

Shares of Urgent.ly Inc. (NASDAQ:ULY) fell 4.5% on Monday . The company traded as low as $1.88 and last traded at $1.93. 23,681 shares were traded during mid-day trading, a decline of 94% from the average session volume of 396,569 shares. The stock had previously closed at $2.02.

Analyst Upgrades and Downgrades

ULY has been the topic of several recent research reports. Needham & Company LLC reiterated a “buy” rating and issued a $8.00 price objective on shares of Urgent.ly in a research report on Thursday, November 13th. Chardan Capital restated a “buy” rating and set a $15.00 target price on shares of Urgent.ly in a research report on Thursday, November 13th. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of Urgent.ly in a research 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 stock. According to MarketBeat.com, Urgent.ly presently has a consensus rating of “Hold” and a consensus target price of $11.50.

Urgent.ly Price Performance

The company has a 50-day moving average of $2.35 and a two-hundred day moving average of $2.93. The stock has a market capitalization of $4.23 million, a PE ratio of -0.09 and a beta of -1.64.

Institutional Investors Weigh In On Urgent.ly

An institutional investor recently bought a new position in Urgent.ly stock. Highbridge Capital Management LLC bought a new stake in Urgent.ly Inc. (NASDAQ:ULY) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 68,748 shares of the company’s stock, valued at approximately $222,000. Highbridge Capital Management LLC owned 4.91% of Urgent.ly as of its most recent filing with the Securities & Exchange Commission. 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.