Mogo (NASDAQ:MOGO) Given New C$4.00 Price Target at Raymond James

Mogo (NASDAQ:MOGOGet Rating) had its price objective cut by Raymond James from C$8.00 to C$4.00 in a report published on Friday, The Fly reports.

Several other research firms have also weighed in on MOGO. BTIG Research reiterated a buy rating and issued a $9.00 price objective on shares of Mogo in a research note on Thursday, March 24th. HC Wainwright decreased their target price on shares of Mogo from $8.00 to $4.00 in a research report on Friday. Finally, Zacks Investment Research downgraded shares of Mogo from a hold rating to a sell rating in a research report on Wednesday, March 30th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of Hold and a consensus price target of $7.33.

Mogo stock traded up $0.08 during trading hours on Friday, hitting $1.12. The company had a trading volume of 1,197,373 shares, compared to its average volume of 292,456. The firm has a market capitalization of $85.85 million, a P/E 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. The firm’s fifty day moving average is $2.24 and its 200-day moving average is $3.12. Mogo has a fifty-two week low of $0.85 and a fifty-two week high of $8.48.

Mogo (NASDAQ:MOGOGet Rating) last released its quarterly earnings data on Wednesday, March 23rd. The company reported ($0.19) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.08). The company had revenue of $13.48 million during the quarter, compared to analyst estimates of $12.73 million. Mogo had a negative net margin of 57.00% and a negative return on equity of 19.52%. During the same quarter in the prior year, the company posted ($0.09) EPS. Analysts anticipate that Mogo will post -0.51 earnings per share for the current year.

A number of large investors have recently added to or reduced their stakes in MOGO. Morgan Stanley raised its stake in Mogo by 27.8% during the 1st quarter. Morgan Stanley now owns 75,504 shares of the company’s stock valued at $642,000 after purchasing an additional 16,404 shares during the last quarter. Bank of America Corp DE raised its stake in Mogo by 280.4% during the 2nd quarter. Bank of America Corp DE now owns 36,900 shares of the company’s stock valued at $290,000 after purchasing an additional 27,200 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in Mogo by 6.9% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 75,765 shares of the company’s stock valued at $326,000 after purchasing an additional 4,914 shares during the last quarter. Deutsche Bank AG raised its stake in Mogo by 53,191.3% during the 3rd quarter. Deutsche Bank AG now owns 91,661 shares of the company’s stock valued at $396,000 after purchasing an additional 91,489 shares during the last quarter. Finally, Advisor Group Holdings Inc. raised its stake in Mogo by 83.5% during the 3rd quarter. Advisor Group Holdings Inc. now owns 9,558 shares of the company’s stock valued at $41,000 after purchasing an additional 4,348 shares during the last quarter. Hedge funds and other institutional investors own 17.43% of the company’s stock.

Mogo Company Profile (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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