Needham & Company LLC Cuts Urgent.ly (NASDAQ:ULY) Price Target to $1.00

Urgent.ly (NASDAQ:ULY) had its target price reduced by Needham & Company LLC from $1.50 to $1.00 in a research report report published on Friday morning,Benzinga reports. Needham & Company LLC currently has a buy rating on the stock.

Urgent.ly Trading Down 4.2 %

NASDAQ:ULY opened at $0.29 on Friday. The stock has a market capitalization of $3.93 million, a PE ratio of 0.03 and a beta of 0.85. The firm’s 50 day moving average is $0.51 and its 200 day moving average is $0.60. Urgent.ly has a 12 month low of $0.25 and a 12 month high of $3.31.

Shares of Urgent.ly are going 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 issued its earnings results on Wednesday, March 12th. The company reported ($0.65) earnings per share (EPS) for the quarter. The business had revenue of $32.03 million for the quarter.

Institutional Inflows and Outflows

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) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund 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. 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.