HC Wainwright reaffirmed their buy rating on shares of Mogo (NASDAQ:MOGO – Free Report) in a report published on Wednesday,Benzinga reports. HC Wainwright currently has a $4.00 target price on the stock.
Mogo Stock Performance
Shares of Mogo stock opened at $1.28 on Wednesday. Mogo has a 1 year low of $0.74 and a 1 year high of $2.73. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.44 and a current ratio of 1.44. The company has a market capitalization of $31.32 million, a P/E ratio of -2.72 and a beta of 3.47. The company’s fifty day moving average is $0.96 and its two-hundred day moving average is $1.17.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the business. OLD Mission Capital LLC purchased a new position in Mogo during the 1st quarter worth $35,000. Renaissance Technologies LLC grew its position in Mogo by 130.1% during the 4th quarter. Renaissance Technologies LLC now owns 81,077 shares of the company’s stock worth $110,000 after purchasing an additional 45,842 shares during the last quarter. AMH Equity Ltd purchased a new position in Mogo during the 4th quarter worth $333,000. Finally, Tidal Investments LLC grew its position in Mogo by 7.7% during the 4th quarter. Tidal Investments LLC now owns 1,330,643 shares of the company’s stock worth $1,810,000 after purchasing an additional 94,856 shares during the last quarter. 14.79% of the stock is owned by hedge funds and other institutional investors.
About Mogo
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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