Mogo (NASDAQ:MOGO) Cut to “Hold” at Wall Street Zen

by · The Cerbat Gem

Mogo (NASDAQ:MOGO – Get Free Report) was downgraded by analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a note issued to investors on Saturday.

Several other brokerages also recently commented on MOGO. Raymond James Financial restated an “outperform” rating on shares of Mogo in a research note on Friday, August 8th. HC Wainwright reissued a “buy” rating and issued a $4.00 price target on shares of Mogo in a report on Wednesday, September 24th. Zacks Research cut shares of Mogo from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 7th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Mogo in a report on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $4.00.

Get Our Latest Stock Report on Mogo

Mogo Stock Performance

Shares of Mogo stock traded down $0.02 during trading hours on Friday, reaching $1.40. The company had a trading volume of 243,878 shares, compared to its average volume of 146,880. The firm has a market cap of $33.53 million, a PE ratio of 10.77 and a beta of 3.39. Mogo has a one year low of $0.74 and a one year high of $3.83. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.69 and a quick ratio of 1.69. The business has a fifty day simple moving average of $1.78 and a 200 day simple moving average of $1.60.

Institutional Investors Weigh In On Mogo

A hedge fund recently bought a new stake in Mogo stock. OLD Mission Capital LLC acquired a new position in Mogo Inc (NASDAQ:MOGO – Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 40,985 shares of the company’s stock, valued at approximately $35,000. OLD Mission Capital LLC owned approximately 0.17% of Mogo at the end of the most recent quarter. Institutional investors own 14.79% of the company’s stock.

About Mogo

(Get Free Report)

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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