Mogo Finance Technology (MOGO) Raised to Buy at ValuEngine

ValuEngine upgraded shares of Mogo Finance Technology (NASDAQ:MOGO) from a hold rating to a buy rating in a report released on Tuesday morning, ValuEngine reports.

Shares of MOGO opened at $2.62 on Tuesday. Mogo Finance Technology has a fifty-two week low of $1.98 and a fifty-two week high of $4.00.

Mogo Finance Technology (NASDAQ:MOGO) last announced its quarterly earnings data on Tuesday, March 12th. The company reported ($0.16) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.20) by $0.04. The firm had revenue of $12.19 million during the quarter, compared to analyst estimates of $11.89 million. Mogo Finance Technology had a negative net margin of 35.90% and a negative return on equity of 1,609.72%. On average, sell-side analysts forecast that Mogo Finance Technology will post -0.64 EPS for the current fiscal year.

A hedge fund recently bought a new stake in Mogo Finance Technology stock. Two Sigma Investments LP bought a new position in Mogo Finance Technology Inc (NASDAQ:MOGO) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 50,810 shares of the company’s stock, valued at approximately $118,000. Two Sigma Investments LP owned 0.22% of Mogo Finance Technology as of its most recent SEC filing. Institutional investors and hedge funds own 5.49% of the company’s stock.

About Mogo Finance Technology

Mogo Finance Technology Inc operates as a financial technology company in Canada. The company offers solutions that help consumers to manage and control their finances. It offers free credit score monitoring; MogoProtect, an identity fraud protection solution; MogoCard, a Mogo Visa Platinum Prepaid Card; MogoMortgage, a digital mortgage solution; MogoCrypto account; and MogoMoney that enables the buying and selling of bitcoin, as well as access to consumer credit products.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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