Mogo (NASDAQ:MOGO – Get Rating) had its price objective decreased by Raymond James from C$8.00 to C$4.00 in a research note released on Friday morning, The Fly reports.
A number of other research analysts also recently issued reports on the stock. Zacks Investment Research downgraded shares of Mogo from a hold rating to a sell rating in a research report on Wednesday, March 30th. BTIG Research restated a buy rating and issued a $9.00 price target on shares of Mogo in a research report on Thursday, March 24th. Finally, HC Wainwright reduced their price target on shares of Mogo from $8.00 to $4.00 in a research report on Friday. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of Hold and a consensus target price of $7.33.
MOGO traded up $0.08 during trading hours on Friday, reaching $1.12. 1,197,373 shares of the stock traded hands, compared to its average volume of 292,456. The company has a market cap of $85.85 million, a price-to-earnings ratio of -1.81 and a beta of 3.03. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.23 and a quick ratio of 2.23. Mogo has a fifty-two week low of $0.85 and a fifty-two week high of $8.48. The firm’s fifty day simple moving average is $2.24 and its two-hundred day simple moving average is $3.12.
Several large investors have recently modified their holdings of the company. Renaissance Technologies LLC bought a new stake in shares of Mogo in the 1st quarter worth approximately $199,000. Mariner LLC raised its holdings in shares of Mogo by 343.2% in the 1st quarter. Mariner LLC now owns 454,221 shares of the company’s stock worth $1,322,000 after purchasing an additional 351,729 shares in the last quarter. First Trust Advisors LP raised its holdings in shares of Mogo by 47.2% in the 1st quarter. First Trust Advisors LP now owns 265,269 shares of the company’s stock worth $772,000 after purchasing an additional 85,022 shares in the last quarter. Mackenzie Financial Corp raised its holdings in shares of Mogo by 64.9% in the 1st quarter. Mackenzie Financial Corp now owns 24,516 shares of the company’s stock worth $72,000 after purchasing an additional 9,653 shares in the last quarter. Finally, Cibc World Market Inc. raised its holdings in shares of Mogo by 93.3% in the 1st quarter. Cibc World Market Inc. now owns 21,775 shares of the company’s stock worth $63,000 after purchasing an additional 10,511 shares in the last quarter. 17.43% of the stock is owned by institutional investors.
About Mogo (Get Rating)
Mogo Inc operates as a financial technology company in Canada and internationally. The company provides digital solutions to the consumers to get in control of their financial health. It offers Mogo app to access a digital spending account with Mogo Visa Platinum Prepaid Card; MogoCrypto that enables the buying and selling of bitcoin; MogoProtect, a free ID fraud protection and monthly credit score monitoring; MogoMortgage, a digital mortgage experience; and MogoMoney that provides access to personal loans.
Featured Articles
- Get a free copy of the StockNews.com research report on Mogo (MOGO)
- The Three Most Upgraded Stocks You Can Buy Now
- MarketBeat: Week in Review 5/9 – 5/13
- Is Electronic Arts (NASDAQ: EA) Suddenly A Safe Haven?
- Beyond Meat Stock Value is Improving
- The Travel Sector Is Getting Upgraded
Want More Great Investing Ideas?
- 3 Stocks to DOUBLE This Year
- The 10 Best Stocks to Own in 2022
- 7 Stocks to Buy and Hold Forever
- 9 "MUST OWN" Growth Stocks
Receive News & Ratings for Mogo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mogo and related companies with MarketBeat.com's FREE daily email newsletter.
