Mogo (NASDAQ:MOGO) Given “Buy” Rating at HC Wainwright

HC Wainwright reaffirmed their buy rating on shares of Mogo (NASDAQ:MOGO) in a research report sent to investors on Wednesday morning,Benzinga reports. They currently have a $4.00 price objective on the stock.

A number of other research analysts have also recently commented on MOGO. Wall Street Zen raised shares of Mogo from a “hold” rating to a “buy” rating in a research report on Saturday, August 9th. Zacks Research raised shares of Mogo from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 21st. Finally, Raymond James Financial reissued an “outperform” rating on shares of Mogo in a research report on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $4.00.

Mogo Trading Up 2.2%

NASDAQ MOGO opened at $1.88 on Wednesday. The company’s fifty day simple moving average is $1.79 and its 200-day simple moving average is $1.41. Mogo has a 52 week low of $0.74 and a 52 week high of $3.83. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.40. The stock has a market cap of $45.03 million, a P/E ratio of 14.46 and a beta of 3.44.

Institutional Trading of Mogo

A hedge fund recently bought a new stake in Mogo stock. OLD Mission Capital LLC purchased a new stake in Mogo Inc (NASDAQ:MOGO) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 40,985 shares of the company’s stock, valued at approximately $35,000. OLD Mission Capital LLC owned approximately 0.17% of Mogo at the end of the most recent reporting period. Institutional investors and hedge funds own 14.79% of the company’s stock.

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.