Mogo (NASDAQ:MOGO) Given New $4.00 Price Target at HC Wainwright

Mogo (NASDAQ:MOGO) had its price objective lowered by HC Wainwright from $6.00 to $4.00 in a research report report published on Friday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

Mogo Trading Down 0.1 %

Shares of MOGO opened at $0.96 on Friday. The company’s fifty day simple moving average is $1.14 and its 200-day simple moving average is $1.21. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.50. The company has a market cap of $23.47 million, a P/E ratio of -2.04 and a beta of 3.05. Mogo has a twelve month low of $0.88 and a twelve month high of $2.07.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Renaissance Technologies LLC grew its holdings in shares of 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 during the last quarter. AMH Equity Ltd purchased a new stake in shares of Mogo during the fourth quarter valued at about $333,000. Finally, Tidal Investments LLC lifted its position in shares of Mogo by 7.7% during the fourth quarter. Tidal Investments LLC now owns 1,330,643 shares of the company’s stock valued at $1,810,000 after buying an additional 94,856 shares during the last quarter. 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.