Mogo (NASDAQ:MOGO) Trading Up 4.7% – Should You Buy?

Shares of Mogo Inc (NASDAQ:MOGO) were up 4.7% on Friday . The company traded as high as $1.18 and last traded at $1.11. Approximately 125,240 shares were traded during trading, an increase of 4% from the average daily volume of 120,923 shares. The stock had previously closed at $1.06.

Wall Street Analysts Forecast Growth

MOGO has been the subject of a number of recent research reports. Wall Street Zen downgraded shares of Mogo from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. HC Wainwright reaffirmed a “buy” rating and issued a $4.00 price objective on shares of Mogo in a research report on Wednesday, September 24th. Weiss Ratings reiterated a “sell (d)” rating on shares of Mogo in a research note on Monday, December 29th. Finally, Zacks Research downgraded shares of Mogo from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 7th. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $4.00.

Mogo Trading Up 4.7%

The stock has a market cap of $26.61 million, a price-to-earnings ratio of 4.83 and a beta of 2.71. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.64 and a quick ratio of 1.64. The company’s fifty day moving average price is $1.19 and its 200-day moving average price is $1.58.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in MOGO. Centiva Capital LP purchased a new stake in Mogo in the third quarter valued at approximately $30,000. Tidal Investments LLC lifted its stake in Mogo by 9.8% during the 2nd quarter. Tidal Investments LLC now owns 1,327,179 shares of the company’s stock valued at $1,672,000 after acquiring an additional 118,754 shares during the period. Finally, Two Sigma Investments LP purchased a new stake in shares of Mogo in the 3rd quarter valued at $220,000. Hedge funds and other institutional investors own 14.79% of the company’s stock.

About Mogo

Mogo Inc is a Vancouver-based financial technology company that offers a suite of digital banking and personal finance products through a mobile-first platform. The firm’s core mission is to empower consumers with tools to manage their money, monitor their credit, and guard against identity fraud, all delivered via a unified smartphone application. By integrating multiple financial services into one interface, Mogo aims to simplify day-to-day money management and foster healthier financial habits among its members.

The company’s flagship offering is a prepaid Visa card that links directly to its app, enabling users to track spending in real time without the risk of overdraft fees associated with traditional credit cards.