HC Wainwright Has Lowered Expectations for Mogo (NASDAQ:MOGO) Stock Price

Mogo (NASDAQ:MOGO) had its price target lowered by analysts at HC Wainwright from $6.00 to $4.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has a “buy” rating on the stock. HC Wainwright’s price target indicates a potential upside of 317.10% from the stock’s current price.

Mogo Stock Down 0.1 %

Shares of MOGO stock opened at $0.96 on Friday. The company has a market capitalization of $23.47 million, a price-to-earnings ratio of -2.04 and a beta of 3.05. Mogo has a one year low of $0.88 and a one year high of $2.07. The company’s fifty day moving average price is $1.14 and its 200-day moving average price is $1.21. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.44 and a quick ratio of 1.44.

Institutional Trading of Mogo

Several institutional investors and hedge funds have recently modified their holdings of MOGO. AMH Equity Ltd bought a new stake in shares of Mogo during the 4th quarter valued at $333,000. Renaissance Technologies LLC raised its position in shares of 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 purchasing an additional 45,842 shares during the period. Finally, Tidal Investments LLC raised its position in shares of Mogo by 7.7% during the 4th quarter. Tidal Investments LLC now owns 1,330,643 shares of the company’s stock valued at $1,810,000 after purchasing an additional 94,856 shares during the period. 14.79% of the stock is currently owned by institutional investors.

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.