Urgent.ly (NASDAQ:ULY) Cut to “Hold” at Chardan Capital

Chardan Capital downgraded shares of Urgent.ly (NASDAQ:ULY) from a buy rating to a hold rating in a research report sent to investors on Tuesday morning, MarketBeat Ratings reports. Chardan Capital currently has $5.50 target price on the stock, down from their prior target price of $15.00.

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

Urgent.ly Stock Performance

Shares of NASDAQ:ULY opened at $5.38 on Tuesday. The company’s 50-day moving average is $2.47 and its 200 day moving average is $2.71. The company has a market capitalization of $11.78 million, a P/E ratio of -0.36 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.

Urgent.ly (NASDAQ:ULY) last posted its quarterly earnings data 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 company had revenue of $33.29 million for the quarter, compared to analysts’ expectations of $31.80 million.

Institutional Trading of Urgent.ly

A hedge fund recently bought a new stake in Urgent.ly stock. Sanctuary Advisors LLC purchased a new stake in Urgent.ly Inc. (NASDAQ:ULY) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 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 owned by institutional investors and hedge funds.

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.