Chardan Capital Begins Coverage on Urgent.ly (NASDAQ:ULY)

Chardan Capital started coverage on shares of Urgent.ly (NASDAQ:ULY) in a report issued on Tuesday, MarketBeat.com reports. The brokerage set a “neutral” rating and a $15.00 price target on the stock. Chardan Capital’s price target points to a potential upside of 94.81% from the company’s current price.

Other research analysts also recently issued reports about the stock. Wall Street Zen raised shares of Urgent.ly from a “sell” rating to a “hold” rating in a research note on Saturday, June 14th. Needham & Company LLC decreased their target price on shares of Urgent.ly from $18.00 to $12.00 and set a “buy” rating on the stock in a research note on Friday, March 14th.

Urgent.ly Stock Performance

Shares of ULY opened at $7.70 on Tuesday. The firm has a market cap of $9.55 million, a price-to-earnings ratio of -0.24 and a beta of -1.41. Urgent.ly has a fifty-two week low of $2.99 and a fifty-two week high of $21.60. The firm has a 50 day moving average price of $6.83 and a 200-day moving average price of $6.02.

Urgent.ly (NASDAQ:ULY) last announced its quarterly earnings data on Tuesday, May 13th. The company reported ($4.69) earnings per share for the quarter. The firm had revenue of $31.27 million for the quarter.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Urgent.ly stock. Toronto Dominion Bank bought a new position in Urgent.ly Inc. (NASDAQ:ULY) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 165,750 shares of the company’s stock, valued at approximately $85,000. Toronto Dominion Bank owned 1.23% of Urgent.ly at the end of the most recent reporting period. 28.30% of the stock is owned by hedge funds and other 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.