Mogo (NASDAQ:MOGO) Stock Rating Reaffirmed by HC Wainwright

HC Wainwright reaffirmed their buy rating on shares of Mogo (NASDAQ:MOGO) in a report issued on Thursday morning, Benzinga reports. They currently have a $8.00 price objective on the stock.

Mogo Price Performance

Shares of NASDAQ:MOGO traded up $0.06 during midday trading on Thursday, hitting $1.99. 161,140 shares of the stock were exchanged, compared to its average volume of 64,873. The stock has a market cap of $49.23 million, a P/E ratio of -0.67 and a beta of 2.85. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.43. Mogo has a twelve month low of $0.95 and a twelve month high of $2.96. The company has a 50 day moving average price of $1.77 and a 200-day moving average price of $1.62.

Institutional Trading of Mogo

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MOGO. Boothbay Fund Management LLC purchased a new stake in shares of Mogo during the 1st quarter worth about $27,000. Jane Street Group LLC purchased a new stake in shares of Mogo during the 4th quarter worth about $30,000. Royal Bank of Canada grew its holdings in shares of Mogo by 88.8% during the 3rd quarter. Royal Bank of Canada now owns 41,855 shares of the company’s stock worth $38,000 after purchasing an additional 19,682 shares during the period. BNP Paribas Arbitrage SA grew its holdings in shares of Mogo by 349.7% during the 1st quarter. BNP Paribas Arbitrage SA now owns 19,335 shares of the company’s stock worth $56,000 after purchasing an additional 15,035 shares during the period. Finally, Cibc World Market Inc. lifted its position in Mogo by 93.3% during the 1st quarter. Cibc World Market Inc. now owns 21,775 shares of the company’s stock worth $63,000 after acquiring an additional 10,511 shares in the last quarter. Hedge funds and other institutional investors own 38.63% of the company’s stock.

Mogo Company Profile

Mogo Inc operates as a digital finance company. The company empowers its members with simple digital solutions to help them in building wealth and achieve financial freedom. Its trade app, MogoTrade, offers commission-free stock trading that helps users make a positive impact with every investment and together with Moka, a subsidiary that brings automated fully-managed flat-fee investing to Canadians.