Urgent.ly (NASDAQ:ULY) PT Lowered to $2.00

Urgent.ly (NASDAQ:ULY) had its price target lowered by Needham & Company LLC from $5.00 to $2.00 in a research report released on Tuesday, Benzinga reports. Needham & Company LLC currently has a buy rating on the stock.

Urgent.ly Price Performance

Urgent.ly stock opened at $0.97 on Tuesday. The company has a debt-to-equity ratio of 6.88, a current ratio of 0.83 and a quick ratio of 0.83. The business has a 50 day simple moving average of $1.48 and a 200-day simple moving average of $1.86. Urgent.ly has a 12 month low of $0.87 and a 12 month high of $12.00. The stock has a market capitalization of $13.02 million and a PE ratio of 0.00.

Hedge Funds Weigh In On Urgent.ly

Large investors have recently bought and sold shares of the company. Wellspring Financial Advisors LLC acquired a new position in shares of Urgent.ly during the fourth quarter worth about $69,000. Wealthspire Advisors LLC purchased a new stake in Urgent.ly in the 4th quarter valued at approximately $136,000. Black Maple Capital Management LP purchased a new stake in Urgent.ly in the 4th quarter valued at approximately $447,000. Cowen AND Company LLC acquired a new position in Urgent.ly during the 4th quarter worth approximately $1,275,000. Finally, B. Riley Financial Inc. purchased a new position in shares of Urgent.ly during the 4th quarter worth approximately $1,322,000. Hedge funds and other institutional investors own 28.30% of the company’s stock.

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.