Urgent.ly (NASDAQ:ULY) Issues Earnings Results

Urgent.ly (NASDAQ:ULY) released its earnings results on Friday. The company reported ($1.97) earnings per share 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 analyst estimates of $31.80 million.

Urgent.ly Stock Performance

ULY stock remained flat at $2.03 on Friday. 760,614 shares of the company traded hands, compared to its average volume of 19,619. The firm has a market cap of $4.45 million, a PE ratio of -0.10 and a beta of -1.57. Urgent.ly has a fifty-two week low of $1.74 and a fifty-two week high of $17.99. The stock’s fifty day moving average is $2.29 and its two-hundred day moving average is $2.68.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Urgent.ly in a research note on Wednesday, January 21st. Two investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, Urgent.ly currently has an average rating of “Hold” and a consensus price target 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.