Mogo Inc. Expected to Earn Q1 2024 Earnings of ($0.07) Per Share (NASDAQ:MOGO)

Mogo Inc. (NASDAQ:MOGOFree Report) – Analysts at Raymond James issued their Q1 2024 earnings estimates for Mogo in a report issued on Thursday, March 21st. Raymond James analyst S. Li expects that the company will earn ($0.07) per share for the quarter. The consensus estimate for Mogo’s current full-year earnings is ($0.40) per share. Raymond James also issued estimates for Mogo’s Q2 2024 earnings at ($0.07) EPS, Q3 2024 earnings at ($0.05) EPS, Q4 2024 earnings at ($0.05) EPS and FY2025 earnings at ($0.25) EPS.

Separately, HC Wainwright reiterated a “buy” rating and set a $8.00 price target on shares of Mogo in a research note on Thursday.

Read Our Latest Research Report on Mogo

Mogo Price Performance

Shares of NASDAQ:MOGO opened at $1.89 on Monday. Mogo has a twelve month low of $0.95 and a twelve month high of $2.96. The stock has a market capitalization of $46.76 million, a PE ratio of -3.44 and a beta of 2.85. The company has a quick ratio of 1.61, a current ratio of 1.71 and a debt-to-equity ratio of 0.39. The firm’s 50 day moving average price is $1.78 and its 200-day moving average price is $1.62.

Institutional Investors Weigh In On Mogo

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Mackenzie Financial Corp lifted its holdings in 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. Cibc World Market Inc. grew its position in shares of Mogo by 93.3% during the first quarter. Cibc World Market Inc. now owns 21,775 shares of the company’s stock valued at $63,000 after purchasing an additional 10,511 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its holdings in Mogo by 18.7% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 70,505 shares of the company’s stock valued at $205,000 after buying an additional 11,118 shares in the last quarter. BNP Paribas Arbitrage SA increased its stake in Mogo by 349.7% in the 1st quarter. BNP Paribas Arbitrage SA now owns 19,335 shares of the company’s stock worth $56,000 after acquiring an additional 15,035 shares during the last quarter. Finally, Royal Bank of Canada boosted its position in shares of Mogo by 88.8% during the 3rd quarter. Royal Bank of Canada now owns 41,855 shares of the company’s stock valued at $38,000 after acquiring an additional 19,682 shares during the last quarter. 38.63% of the stock is owned by hedge funds and other institutional investors.

Mogo Company Profile

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Mogo Inc operates as a digital finance company in Canada, Europe, and internationally. The company's digital solutions help build wealth and achieve financial freedom. It provides MogoTrade, a stock trading app; Moka; and MogoMoney that provides online personal loans. The company also offers digital loans and mortgages; and operates a digital payments platform that powers next-generation card programs for both global corporations and fintech companies in Europe and Canada.

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