Urgent.ly (NASDAQ:ULY) Releases Earnings Results, Beats Expectations By $1.09 EPS

Urgent.ly (NASDAQ:ULY) announced its earnings results on Friday. The company reported ($1.97) EPS for the quarter, beating the consensus estimate of ($3.06) by $1.09, Zacks reports. The company had revenue of $33.30 million for the quarter, compared to analysts’ expectations of $31.80 million.

Urgent.ly Stock Performance

Shares of ULY remained flat at $2.03 during mid-day trading on Friday. The stock had a trading volume of 760,614 shares, compared to its average volume of 19,619. The company has a 50-day moving average price of $2.29 and a two-hundred day moving average price of $2.68. The company has a market cap of $4.45 million, a P/E ratio of -0.10 and a beta of -1.57. Urgent.ly has a one year low of $1.74 and a one year high of $17.99.

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 company’s stock. Based on data from MarketBeat.com, Urgent.ly currently has an average rating of “Hold” and a consensus target price of $11.50.

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.