Needham initiated coverage on Otonomo Technologies with a new price target
$OTMO
Computer Software: Prepackaged Software
Technology
Needham initiated coverage of Otonomo Technologies with a rating of Buy and set a new price target of $10.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 6/3/2022 | $1.50 | Neutral | Citigroup |
| 3/2/2022 | $8.00 → $6.00 | Buy | Needham |
| 10/25/2021 | $10.00 → $8.00 | Buy | Needham |
| 9/28/2021 | $10.00 | Buy | Needham |
| 8/23/2021 | $13.00 | Buy | B. Riley Securities |
Anticipated closing of all-stock transaction on Thursday, October 19 Urgently common stock expected to begin trading on Nasdaq under symbol "ULY" at close Urgent.ly Inc. ("Urgently"), a U.S.-based leading provider of digital roadside and mobility assistance technology and services, today announced that, subject to the completion or waiver of customary closing conditions, the Closing of the Merger (as defined below) is expected to take place prior to the market open on Thursday, October 19, 2023. Capitalized terms used in this press release but not otherwise defined herein have the meanings given to them in the Merger Agreement (as defined below). In accordance with the terms of the Ag
HERZLIYA, Israel and SAN FRANCISCO, Sept. 19, 2023 (GLOBE NEWSWIRE) -- Otonomo Technologies Ltd. (NASDAQ:OTMO) ("Otonomo"), the platform powering the mobility economy, today announced that its shareholders approved its proposed business combination with Urgent.ly, Inc. ("Urgently"), a U.S.-based leading provider of digital roadside and mobility assistance technology and services, at a special meeting of shareholders held yesterday. A Form 6-K disclosing the full voting results was filed with the Securities and Exchange Commission. Upon closing of the transaction, which is expected to occur before the end of October 2023, the combined company will operate under the name Urgent.ly, Inc. and
HERZLIYA, Israel and SAN FRANCISCO, Aug. 24, 2023 (GLOBE NEWSWIRE) -- Otonomo Technologies Ltd. (NASDAQ:OTMO) ("Otonomo" or the "Company"), the platform powering the mobility economy, today announced its financial and operational results for the quarter ended June 30, 2023. Recent Developments Cost Reduction Initiative In June 2023, the Company completed the process of sunsetting part of its connected vehicle data services ("CVD services"), which include services relating to aggregate multi-layered data, standardized data and data blurred to remove identifiers. The sunsetting of CVD services resulted in a further workforce reduction. Upon completion of the CVD service
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HERZLIYA, Israel and SAN FRANCISCO, Feb. 01, 2023 (GLOBE NEWSWIRE) -- Otonomo Technologies Ltd. (NASDAQ:OTMO), the platform powering the mobility economy, today announced that it will release its financial results for the fourth quarter and full year, ending December 31, 2022, before the market opens on Wednesday, February 15, 2023. Otonomo's management will host a conference call to discuss the fourth quarter and full year 2022 financial results on Wednesday, February 15, 2023, at 8:30 a.m. Eastern Time.Management team members on the call will include Ben Volkow, CEO, Director & Co-Founder and Bonnie Moav, CFO.Otonomo encourages participants to pre-register for the conference call here.
HERZLIYA, Israel and SAN FRANCISCO, Nov. 16, 2022 (GLOBE NEWSWIRE) -- Otonomo Technologies Ltd. (NASDAQ:OTMO), the platform powering the mobility economy, today announced its financial results for the quarter ended September 30, 2022. Third Quarter 2022 Financial Results: Revenue for the third quarter 2022 was $2.0 million compared to $0.2 million for the third quarter 2021.GAAP operating loss for the third quarter 2022 was $37.0 million, including an impairment charge of $26.3 million for writing off all Goodwill and Intangible assets related to acquisitions made in the past, compared to $0 million for the third quarter 2021.Non-GAAP operating loss* for the third quarter 2022 was $13.4
HERZLIYA, ISRAEL and SAN FRANCISCO, Oct. 31, 2022 (GLOBE NEWSWIRE) -- Otonomo Technologies Ltd. (NASDAQ:OTMO), the platform powering the mobility economy, today announced that it will release its financial results for the third quarter of 2022 before the market opens on Wednesday, November 16, 2022. Otonomo's management team will host a conference call to discuss the second quarter 2022 financial results on Wednesday, November 16, 2022, at 8:30 a.m. Eastern Time. Management team members on the call will include Ben Volkow, CEO, Director & Co-Founder, and Bonnie Moav, CFO. Otonomo encourages participants to pre-register for the conference call here. Participants can choose to
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HERZLIYA, Israel and SAN JOSE, Calif., Jan. 12, 2022 (GLOBE NEWSWIRE) -- Otonomo Technologies Ltd. (Otonomo), (NASDAQ:OTMO), a leading mobility intelligence provider, today announced the appointment of Fred Kohout as Chief Marketing Officer (CMO). Bringing more than three decades of sales and marketing experience to Otonomo, Kohout will be charged with scaling Otonomo's brand to demand engine to capitalize on the immense market opportunity represented by connected vehicle data and mobility intelligence. Mr. Kohout joins a growing executive team at Otonomo, including recently appointed leaders Doron Simon, Executive Vice President of Corporate Development and Strategy, Anders Truelsen, Chi
HERZLIYA, ISRAEL and SAN JOSE, CA, Aug. 24, 2021 (GLOBE NEWSWIRE) -- Otonomo Technologies Ltd. (Otonomo) (NASDAQ:OTMO), a leading provider of a pioneering vehicle data platform and marketplace, today announced that Vered Raviv Schwarz and Jonathan Huberman were appointed to its Board of Directors. Ben Volkow, Otonomo CEO and Chairman of the Board, commented "We are truly honored to welcome Vered and Jonathan to our Board. Ms. Raviv Schwarz brings 28 years of expertise in leadership, corporate law, and mergers and acquisitions. As former President, Chief Operating Officer and General Counsel at private and public companies in the technology industry, she brings unparalleled executive expe
Citigroup initiated coverage of Otonomo Technologies with a rating of Neutral and set a new price target of $1.50
Needham reiterated coverage of Otonomo Technologies with a rating of Buy and set a new price target of $6.00 from $8.00 previously
Needham reiterated coverage of Otonomo Technologies with a rating of Buy and set a new price target of $8.00 from $10.00 previously
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