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

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

Mogo Stock Performance

Shares of NASDAQ MOGO opened at $0.96 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.44 and a current ratio of 1.44. The company has a market cap of $23.47 million, a P/E ratio of -2.04 and a beta of 3.05. The firm’s fifty day moving average is $1.14 and its two-hundred day moving average is $1.21. Mogo has a 52-week low of $0.88 and a 52-week high of $2.07.

Institutional Trading of Mogo

Institutional investors and hedge funds have recently bought and sold shares of the stock. Renaissance Technologies LLC grew its stake in shares of Mogo by 130.1% in the 4th quarter. Renaissance Technologies LLC now owns 81,077 shares of the company’s stock worth $110,000 after buying an additional 45,842 shares in the last quarter. AMH Equity Ltd purchased a new position in shares of Mogo in the 4th quarter worth $333,000. Finally, Tidal Investments LLC grew its stake in shares of Mogo by 7.7% in the 4th quarter. Tidal Investments LLC now owns 1,330,643 shares of the company’s stock worth $1,810,000 after buying an additional 94,856 shares in the last quarter. 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.