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

Mogo (NASDAQ:MOGO) was upgraded by investment analysts at Wall Street Zen to a “hold” rating in a report released on Saturday.

Separately, HC Wainwright restated a “buy” rating and issued a $4.00 price objective on shares of Mogo in a research report on Wednesday, May 14th.

Mogo Price Performance

Shares of NASDAQ:MOGO opened at $1.19 on Friday. The company’s fifty day moving average is $1.18 and its 200 day moving average is $1.17. Mogo has a 52 week low of $0.74 and a 52 week high of $2.73. The stock has a market cap of $29.12 million, a PE ratio of -1.86 and a beta of 3.65. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.49.

Institutional Investors Weigh In On Mogo

Several hedge funds have recently bought and sold shares of the business. Tidal Investments LLC boosted its stake in Mogo by 7.7% during the fourth quarter. Tidal Investments LLC now owns 1,330,643 shares of the company’s stock worth $1,810,000 after acquiring an additional 94,856 shares in the last quarter. AMH Equity Ltd purchased a new position in Mogo in the 4th quarter worth approximately $333,000. Renaissance Technologies LLC raised its stake in Mogo by 130.1% during the 4th quarter. Renaissance Technologies LLC now owns 81,077 shares of the company’s stock valued at $110,000 after buying an additional 45,842 shares during the last quarter. Finally, OLD Mission Capital LLC purchased a new stake in Mogo during the 1st quarter valued at $35,000. Institutional investors own 14.79% of the company’s stock.

Mogo Company Profile

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.