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

HC Wainwright reiterated their buy rating on shares of Mogo (NASDAQ:MOGO) in a research note issued to investors on Thursday,Benzinga reports. The firm currently has a $4.00 price target on the stock.

Separately, Wall Street Zen upgraded Mogo to a “hold” rating in a report on Saturday, June 21st.

Mogo Price Performance

Shares of Mogo stock opened at $2.18 on Thursday. The business has a 50 day moving average of $1.31 and a 200 day moving average of $1.17. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.49. The company has a market cap of $53.22 million, a PE ratio of -3.40 and a beta of 3.57. Mogo has a 52 week low of $0.74 and a 52 week high of $3.83.

Hedge Funds Weigh In On Mogo

A number of institutional investors have recently added to or reduced their stakes in the company. OLD Mission Capital LLC bought a new position in Mogo in the first quarter worth $35,000. Renaissance Technologies LLC raised its holdings in Mogo by 130.1% in the fourth quarter. Renaissance Technologies LLC now owns 81,077 shares of the company’s stock worth $110,000 after purchasing an additional 45,842 shares in the last quarter. Finally, Tidal Investments LLC raised its holdings in Mogo by 7.7% in the fourth 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 in the last quarter. Institutional investors 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.