Mogo (NASDAQ:MOGO) Cut to “Hold” at Wall Street Zen

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

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

Mogo Stock Performance

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

Institutional Investors Weigh In On Mogo

A hedge fund recently bought a new stake in Mogo stock. OLD Mission Capital LLC acquired a new position in Mogo Inc (NASDAQ:MOGO) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 40,985 shares of the company’s stock, valued at approximately $35,000. OLD Mission Capital LLC owned approximately 0.17% of Mogo at the end of the most recent 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.