Urgent.ly (NASDAQ:ULY) Earns Buy Rating from Needham & Company LLC

Urgent.ly (NASDAQ:ULY)‘s stock had its “buy” rating reaffirmed by equities research analysts at Needham & Company LLC in a research report issued to clients and investors on Thursday,Benzinga reports. They currently have a $8.00 price target on the stock. Needham & Company LLC’s price target indicates a potential upside of 203.15% from the stock’s previous close.

A number of other brokerages also recently weighed in on ULY. Weiss Ratings reissued a “sell (e+)” rating on shares of Urgent.ly in a research note on Wednesday, October 8th. Chardan Capital reissued a “buy” rating and set a $15.00 price target on shares of Urgent.ly in a research report on Monday, August 11th. Two analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $11.50.

Urgent.ly Trading Up 3.5%

Urgent.ly stock traded up $0.09 during midday trading on Thursday, reaching $2.64. 3,936 shares of the stock traded hands, compared to its average volume of 347,219. Urgent.ly has a 12-month low of $2.34 and a 12-month high of $17.99. The firm has a market cap of $3.69 million, a PE ratio of -0.10 and a beta of -1.53. The company has a 50-day simple moving average of $3.24 and a two-hundred day simple moving average of $5.22.

Urgent.ly (NASDAQ:ULY) last announced its quarterly earnings data on Wednesday, November 12th. The company reported ($3.63) earnings per share for the quarter, missing analysts’ consensus estimates of ($2.40) by ($1.23). The business had revenue of $32.94 million during the quarter, compared to the consensus estimate of $32.30 million.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Urgent.ly stock. Highbridge Capital Management LLC bought a new position in Urgent.ly Inc. (NASDAQ:ULY) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 68,748 shares of the company’s stock, valued at approximately $222,000. Highbridge Capital Management LLC owned approximately 4.91% of Urgent.ly at the end of the most recent quarter. 28.30% of the stock is owned by hedge funds and other institutional investors.

Urgent.ly Company Profile

Urgent.ly Inc offers mobility assistance software platform for roadside assistance in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. Its services include car lockout, tire changes, towing, stuck in ditch and winch services, motorcycle towing, electric vehicle towing, jump start, and gas delivery.