Mogo (MOGO) Scheduled to Post Quarterly Earnings on Thursday

Mogo (NASDAQ:MOGO – Get Rating) is scheduled to release its earnings data before the market opens on Thursday, May 12th. Analysts expect the company to announce earnings of ($0.15) per share for the quarter. Mogo has set its FY 2022 guidance at EPS.

Mogo (NASDAQ:MOGO – Get Rating) last issued its quarterly earnings data on Wednesday, March 23rd. The company reported ($0.19) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.11) by ($0.08). The company had revenue of $13.48 million for the quarter, compared to analyst estimates of $12.73 million. Mogo had a negative return on equity of 19.52% and a negative net margin of 57.00%. During the same quarter last year, the business earned ($0.09) earnings per share. On average, analysts expect Mogo to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Shares of MOGO stock opened at $2.07 on Thursday. The firm has a 50 day moving average price of $2.34 and a two-hundred day moving average price of $3.32. The company has a quick ratio of 2.23, a current ratio of 2.23 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $158.67 million, a PE ratio of -4.40 and a beta of 3.02. Mogo has a 12-month low of $1.77 and a 12-month high of $8.48.

Several institutional investors have recently modified their holdings of the stock. Walleye Trading LLC acquired a new position in Mogo in the fourth quarter valued at $154,000. State of Tennessee Treasury Department lifted its holdings in Mogo by 67.9% in the fourth quarter. State of Tennessee Treasury Department now owns 47,000 shares of the company’s stock valued at $161,000 after buying an additional 19,000 shares during the period. Schonfeld Strategic Advisors LLC raised its holdings in shares of Mogo by 8.8% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 720,977 shares of the company’s stock valued at $2,466,000 after purchasing an additional 58,474 shares during the period. Mackenzie Financial Corp acquired a new position in shares of Mogo during the fourth quarter valued at about $51,000. Finally, Millennium Management LLC raised its holdings in shares of Mogo by 835.5% during the fourth quarter. Millennium Management LLC now owns 106,650 shares of the company’s stock valued at $364,000 after purchasing an additional 95,250 shares during the period. 17.43% of the stock is currently owned by institutional investors.

A number of equities research analysts have recently weighed in on the stock. Canaccord Genuity Group dropped their price target on shares of Mogo from C$11.00 to C$10.00 in a research report on Wednesday, January 12th. Zacks Investment Research cut shares of Mogo from a “hold” rating to a “sell” rating in a research note on Wednesday, March 30th. Canaccord Genuity Group decreased their price objective on shares of Mogo from $11.00 to $10.00 in a research note on Wednesday, January 12th. HC Wainwright decreased their target price on shares of Mogo from $12.00 to $8.00 and set a “buy” rating on the stock in a research note on Wednesday, January 12th. Finally, BTIG Research reaffirmed a “buy” rating and set a $9.00 target price on shares of Mogo in a research note on Thursday, March 24th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $9.50.

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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