Wall Street Zen Downgrades Mogo (NASDAQ:MOGO) to Hold

Mogo (NASDAQ:MOGO) was downgraded by research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued on Saturday.

Several other research firms have also recently commented on MOGO. Zacks Research cut shares of Mogo from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 7th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Mogo in a report on Wednesday, October 8th. Raymond James Financial reissued an “outperform” rating on shares of Mogo in a research report on Friday, August 8th. Finally, HC Wainwright reaffirmed a “buy” rating and set a $4.00 target price on shares of Mogo in a research report on Wednesday, September 24th. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $4.00.

Mogo Stock Down 1.4%

Shares of MOGO traded down $0.02 during trading hours on Friday, reaching $1.40. 243,878 shares of the stock traded hands, compared to its average volume of 146,880. Mogo has a 52 week low of $0.74 and a 52 week high of $3.83. The company has a market cap of $33.53 million, a price-to-earnings ratio of 10.77 and a beta of 3.39. The stock has a fifty day simple moving average of $1.78 and a 200 day simple moving average of $1.60. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.40.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Mogo stock. OLD Mission Capital LLC acquired a new stake in Mogo Inc (NASDAQ:MOGO) during the first quarter, according to its most recent 13F filing with the SEC. The fund acquired 40,985 shares of the company’s stock, valued at approximately $35,000. OLD Mission Capital LLC owned 0.17% of Mogo as of its most recent filing with the SEC. 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.