Mogo Inc. (NASDAQ:MOGO) Given Consensus Rating of “Hold” by Brokerages

Shares of Mogo Inc. (NASDAQ:MOGOGet Rating) have received a consensus rating of “Hold” from the eight research firms that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $9.50.

A number of brokerages have recently issued reports on MOGO. Canaccord Genuity Group decreased their target price on Mogo from $11.00 to $10.00 in a report on Wednesday, January 12th. Zacks Investment Research cut Mogo from a “hold” rating to a “sell” rating in a report on Wednesday, March 30th. HC Wainwright decreased their target price on Mogo from $12.00 to $8.00 and set a “buy” rating for the company in a report on Wednesday, January 12th. BTIG Research reiterated a “buy” rating and set a $9.00 target price on shares of Mogo in a report on Thursday, March 24th. Finally, Canaccord Genuity Group decreased their target price on Mogo from C$11.00 to C$10.00 in a report on Wednesday, January 12th.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Wedbush Securities Inc. boosted its holdings in Mogo by 17.1% in the 1st quarter. Wedbush Securities Inc. now owns 44,500 shares of the company’s stock worth $129,000 after acquiring an additional 6,500 shares during the period. Walleye Capital LLC acquired a new position in shares of Mogo in the 4th quarter valued at approximately $393,000. Walleye Trading LLC acquired a new position in shares of Mogo in the 4th quarter valued at approximately $154,000. Toroso Investments LLC raised its position in shares of Mogo by 36.8% in the 4th quarter. Toroso Investments LLC now owns 5,198,177 shares of the company’s stock valued at $17,778,000 after purchasing an additional 1,397,800 shares in the last quarter. Finally, State of Tennessee Treasury Department raised its position in shares of Mogo by 67.9% in the 4th quarter. State of Tennessee Treasury Department now owns 47,000 shares of the company’s stock valued at $161,000 after purchasing an additional 19,000 shares in the last quarter. Hedge funds and other institutional investors own 13.21% of the company’s stock.

MOGO opened at $1.96 on Tuesday. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.23 and a quick ratio of 2.23. The stock has a market capitalization of $150.24 million, a price-to-earnings ratio of -4.17 and a beta of 2.95. The business has a 50-day moving average of $2.38 and a two-hundred day moving average of $3.45. Mogo has a 12 month low of $1.84 and a 12 month high of $9.39.

Mogo (NASDAQ:MOGOGet Rating) last issued its earnings results on Wednesday, March 23rd. The company reported ($0.19) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.11) by ($0.08). Mogo had a negative return on equity of 19.52% and a negative net margin of 57.00%. The firm had revenue of $13.48 million for the quarter, compared to analysts’ expectations of $12.73 million. During the same quarter in the previous year, the firm posted ($0.09) EPS. Equities research analysts anticipate that Mogo will post -0.51 earnings per share for the current year.

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.

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