Urgent.ly (NASDAQ:ULY) Price Target Cut to $1.00 by Analysts at Needham & Company LLC

Urgent.ly (NASDAQ:ULY) had its target price dropped by research analysts at Needham & Company LLC from $1.50 to $1.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has a “buy” rating on the stock. Needham & Company LLC’s price target would indicate a potential upside of 228.95% from the company’s current price.

Urgent.ly Stock Down 40.3 %

Shares of NASDAQ ULY opened at $0.30 on Friday. The firm has a market cap of $4.10 million, a PE ratio of 0.03 and a beta of 0.85. The company’s fifty day simple moving average is $0.51 and its 200 day simple moving average is $0.61. Urgent.ly has a 12-month low of $0.25 and a 12-month high of $3.31.

Urgent.ly’s stock is scheduled to reverse split on Tuesday, March 18th. The 1-12 reverse split was announced on Thursday, March 13th. The number of shares owned by shareholders will be adjusted after the market closes on Monday, March 17th.

Urgent.ly (NASDAQ:ULY) last announced its quarterly earnings results on Wednesday, March 12th. The company reported ($0.65) earnings per share (EPS) for the quarter. The company had revenue of $32.03 million during the quarter.

Institutional Investors Weigh In On Urgent.ly

A hedge fund recently bought a new stake in Urgent.ly stock. Toronto Dominion Bank acquired a new position in Urgent.ly Inc. (NASDAQ:ULY) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 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 filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 28.30% of the company’s stock.

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.