Urgent.ly (NASDAQ:ULY) Trading Down 2.6% – What’s Next?

Shares of Urgent.ly Inc. (NASDAQ:ULY) dropped 2.6% during trading on Friday . The company traded as low as $1.85 and last traded at $1.86. Approximately 18,433 shares changed hands during trading, a decline of 73% from the average daily volume of 68,113 shares. The stock had previously closed at $1.91.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Weiss Ratings restated a “sell (e+)” rating on shares of Urgent.ly in a report on Wednesday, October 8th. 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. Finally, Chardan Capital restated a “buy” rating and issued a $15.00 target price on shares of Urgent.ly in a research report on Thursday, November 13th. Two analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Urgent.ly has a consensus rating of “Hold” and a consensus target price of $11.50.

Urgent.ly Stock Down 2.6%

The business has a 50-day simple moving average of $2.31 and a 200-day simple moving average of $3.97. The company has a market cap of $4.08 million, a PE ratio of -0.09 and a beta of -1.32.

Urgent.ly (NASDAQ:ULY) last released its quarterly earnings results on Wednesday, November 12th. The company reported ($3.63) EPS for the quarter, missing the consensus estimate of ($2.40) by ($1.23). The firm had revenue of $32.94 million during the quarter, compared to analyst estimates of $32.30 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 Urgent.ly Inc. (NASDAQ:ULY) in the 3rd quarter, according to the company in its most recent Form 13F filing 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 4.91% of Urgent.ly as of its most recent filing with the Securities and Exchange Commission (SEC). 28.30% of the stock is 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.