Urgent.ly (NASDAQ:ULY) Stock Rating Lowered by Chardan Capital

Urgent.ly (NASDAQ:ULY) was downgraded by investment analysts at Chardan Capital from a “buy” rating to a “hold” rating in a research report issued on Tuesday, MarketBeat reports. They currently have a $5.50 price target on the stock, down from their previous price target of $15.00. Chardan Capital’s target price suggests a potential upside of 2.98% from the stock’s previous close.

Separately, Weiss Ratings restated 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 given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $6.75.

Urgent.ly Price Performance

ULY stock opened at $5.34 on Tuesday. The company has a 50 day simple moving average of $2.42 and a 200 day simple moving average of $2.69. The stock has a market cap of $11.70 million, a price-to-earnings ratio of -0.36 and a beta of -1.57. Urgent.ly has a 1 year low of $1.74 and a 1 year high of $17.99.

Urgent.ly (NASDAQ:ULY) last issued its earnings results on Friday, March 13th. The company reported ($1.97) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($3.06) by $1.09. The firm had revenue of $33.29 million during the quarter, compared to analyst estimates of $31.80 million.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Urgent.ly stock. Sanctuary Advisors LLC bought a new position in shares of Urgent.ly Inc. (NASDAQ:ULY) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 11,903 shares of the company’s stock, valued at approximately $35,000. Sanctuary Advisors LLC owned approximately 0.54% of Urgent.ly as of its most recent SEC filing. 28.30% of the stock is currently owned by institutional investors.

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.