Urgent.ly’s (ULY) “Buy” Rating Reaffirmed at Needham & Company LLC

Urgent.ly (NASDAQ:ULY)‘s stock had its “buy” rating reiterated by investment 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 objective indicates a potential upside of 203.15% from the company’s current price.

Other equities research analysts have also issued reports about the stock. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Urgent.ly in a report on Wednesday, October 8th. Chardan Capital reiterated a “buy” rating and set a $15.00 target price on shares of Urgent.ly in a research note on Monday, August 11th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $11.50.

Urgent.ly Price Performance

Urgent.ly stock traded up $0.09 during trading on Thursday, reaching $2.64. 3,936 shares of the company were exchanged, compared to its average volume of 347,219. The company has a market capitalization of $3.69 million, a P/E ratio of -0.10 and a beta of -1.53. Urgent.ly has a 52-week low of $2.34 and a 52-week high of $17.99. The stock’s 50 day simple moving average is $3.24 and its two-hundred day simple moving average is $5.22.

Urgent.ly (NASDAQ:ULY) last released its quarterly earnings data on Wednesday, November 12th. The company reported ($3.63) EPS for the quarter, missing analysts’ consensus estimates 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.

Hedge Funds Weigh In On Urgent.ly

An institutional investor recently bought a new position in Urgent.ly stock. Highbridge Capital Management LLC acquired a new position 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. The firm acquired 68,748 shares of the company’s stock, valued at approximately $222,000. Highbridge Capital Management LLC owned about 4.91% of Urgent.ly as of its most recent filing with the Securities and Exchange Commission. 28.30% of the stock is currently owned by institutional investors and hedge funds.

About Urgent.ly

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.