Mogo (NASDAQ:MOGO) Stock Price Down 2.2%

Shares of Mogo Inc. (NASDAQ:MOGO) fell 2.2% during mid-day trading on Friday . The stock traded as low as $1.81 and last traded at $1.81. 59,842 shares changed hands during mid-day trading, a decline of 17% from the average session volume of 72,069 shares. The stock had previously closed at $1.85.

Analyst Ratings Changes

Separately, HC Wainwright reaffirmed a “buy” rating and issued a $8.00 price objective on shares of Mogo in a research note on Thursday, March 21st.

Mogo Stock Down 2.2 %

The stock has a market cap of $44.78 million, a P/E ratio of -3.29 and a beta of 2.85. The company has a current ratio of 1.71, a quick ratio of 1.61 and a debt-to-equity ratio of 0.39. The firm’s fifty day moving average is $1.91 and its 200 day moving average is $1.67.

Mogo (NASDAQ:MOGO) last announced its earnings results on Wednesday, March 20th. The company reported ($0.09) EPS for the quarter, topping the consensus estimate of ($0.10) by $0.01. The firm had revenue of $12.60 million for the quarter, compared to the consensus estimate of $11.24 million. Mogo had a negative net margin of 27.68% and a negative return on equity of 14.98%. As a group, equities research analysts forecast that Mogo Inc. will post -0.57 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Raymond James Financial Services Advisors Inc. increased its holdings in shares of Mogo by 18.7% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 70,505 shares of the company’s stock worth $205,000 after purchasing an additional 11,118 shares during the period. Cibc World Market Inc. increased its holdings in shares of Mogo by 93.3% during the 1st quarter. Cibc World Market Inc. now owns 21,775 shares of the company’s stock worth $63,000 after purchasing an additional 10,511 shares during the period. Mackenzie Financial Corp increased its holdings in shares of Mogo by 64.9% during the 1st quarter. Mackenzie Financial Corp now owns 24,516 shares of the company’s stock worth $72,000 after purchasing an additional 9,653 shares during the period. First Trust Advisors LP increased its holdings in shares of Mogo by 47.2% during the 1st quarter. First Trust Advisors LP now owns 265,269 shares of the company’s stock worth $772,000 after purchasing an additional 85,022 shares during the period. Finally, Mariner LLC increased its holdings in shares of Mogo by 343.2% during the 1st quarter. Mariner LLC now owns 454,221 shares of the company’s stock worth $1,322,000 after purchasing an additional 351,729 shares during the period. 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.