Urgent.ly (NASDAQ:ULY) Stock Price Up 3.8% – Here’s Why

Urgent.ly Inc. (NASDAQ:ULY)’s share price was up 3.8% during trading on Wednesday . The company traded as high as $5.07 and last traded at $4.86. Approximately 2,151 shares changed hands during trading, a decline of 97% from the average daily volume of 83,463 shares. The stock had previously closed at $4.68.

Wall Street Analyst Weigh In

Separately, Needham & Company LLC decreased their target price on Urgent.ly from $18.00 to $12.00 and set a “buy” rating for the company in a research report on Friday, March 14th.

Urgent.ly Trading Down 5.6 %

The firm has a fifty day moving average of $5.32 and a two-hundred day moving average of $6.25. The company has a market cap of $5.71 million, a PE ratio of 0.49 and a beta of 1.81.

Urgent.ly (NASDAQ:ULY) last released its quarterly earnings data on Wednesday, March 12th. The company reported ($7.80) EPS for the quarter. The firm had revenue of $32.03 million for the quarter.

Institutional Investors Weigh In On Urgent.ly

A hedge fund recently bought a new stake in Urgent.ly stock. Toronto Dominion Bank purchased a new position in Urgent.ly Inc. (NASDAQ:ULY) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 165,750 shares of the company’s stock, valued at approximately $85,000. Toronto Dominion Bank owned about 1.23% of Urgent.ly as of its most recent SEC filing. 28.30% of the stock is currently owned by institutional investors.

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.