Mogo (NASDAQ:MOGO) Trading Down 1.8% – Should You Sell?

Mogo Inc (NASDAQ:MOGO) traded down 1.8% during mid-day trading on Friday . The stock traded as low as $1.10 and last traded at $1.10. 20,287 shares were traded during trading, a decline of 83% from the average session volume of 120,923 shares. The stock had previously closed at $1.12.

Analyst Ratings Changes

MOGO has been the subject of a number of analyst reports. Weiss Ratings restated a “sell (d)” rating on shares of Mogo in a research note on Monday, December 29th. Wall Street Zen downgraded shares of Mogo from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $4.00.

Mogo Stock Performance

The firm has a market cap of $26.37 million, a price-to-earnings ratio of 4.78 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 firm has a fifty day simple moving average of $1.14 and a two-hundred day simple moving average of $1.46.

Institutional Investors Weigh In On Mogo

Institutional investors and hedge funds have recently made changes to their positions in the stock. Two Sigma Investments LP acquired a new position in shares of Mogo in the 3rd quarter valued at $220,000. Tidal Investments LLC grew 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 purchasing an additional 118,754 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Mogo by 80.1% in the fourth quarter. Goldman Sachs Group Inc. now owns 214,100 shares of the company’s stock valued at $229,000 after purchasing an additional 95,248 shares during the period. Baader Bank Aktiengesellschaft purchased a new position in shares of Mogo in the fourth quarter worth about $26,000. Finally, XTX Topco Ltd acquired a new stake in shares of Mogo during the fourth quarter worth about $25,000. 14.79% of the stock is currently owned by institutional investors and hedge funds.

Mogo Company Profile

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.