HC Wainwright Cuts Mogo (NASDAQ:MOGO) Price Target to $4.00

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

Mogo Stock Down 0.1 %

NASDAQ:MOGO opened at $0.96 on Friday. The firm has a market cap of $23.47 million, a P/E ratio of -2.04 and a beta of 3.05. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.44 and a current ratio of 1.44. Mogo has a fifty-two week low of $0.88 and a fifty-two week high of $2.07. The firm has a 50-day simple moving average of $1.14 and a two-hundred day simple moving average of $1.21.

Institutional Trading of Mogo

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Renaissance Technologies LLC boosted its holdings 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 acquiring an additional 45,842 shares during the last quarter. Tidal Investments LLC raised its stake in Mogo by 7.7% during the 4th quarter. Tidal Investments LLC now owns 1,330,643 shares of the company’s stock worth $1,810,000 after acquiring an additional 94,856 shares during the period. Finally, AMH Equity Ltd bought a new stake in Mogo during the 4th quarter worth approximately $333,000. 14.79% of the stock is currently owned by institutional investors.

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.