Mogo Finance Technology (MOGO) Given “Buy” Rating at Craig Hallum

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Mogo Finance Technology (TSE:MOGO)‘s stock had its “buy” rating reiterated by analysts at Craig Hallum in a report issued on Wednesday. They presently have a C$7.00 price target on the stock. Craig Hallum’s target price suggests a potential upside of 52.84% from the stock’s previous close.

Several other equities analysts have also recently weighed in on the stock. Eight Capital raised their price target on shares of Mogo Finance Technology from C$9.00 to C$10.00 in a research report on Thursday, August 9th. BMO Capital Markets raised their price target on shares of Mogo Finance Technology from C$5.00 to C$7.00 and gave the company an “outperform” rating in a research report on Thursday, August 9th.

Shares of TSE MOGO opened at C$4.58 on Wednesday. Mogo Finance Technology has a fifty-two week low of C$2.85 and a fifty-two week high of C$8.59.

In related news, insider Michael A. Wekerle acquired 496,400 shares of the company’s stock in a transaction dated Friday, August 24th. The stock was bought at an average cost of C$4.60 per share, with a total value of C$2,283,440.00. Also, insider Michael A. Wekerle acquired 223,300 shares of the company’s stock in a transaction dated Tuesday, July 3rd. The shares were bought at an average cost of C$3.85 per share, with a total value of C$859,705.00. In the last 90 days, insiders have bought 969,700 shares of company stock valued at $4,168,145.

An institutional investor recently bought a new position in Mogo Finance Technology stock. Commonwealth Equity Services LLC purchased a new position in Mogo Finance Technology Inc (TSE:MOGO) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 56,591 shares of the company’s stock, valued at approximately $157,000. Commonwealth Equity Services LLC owned about 0.25% of Mogo Finance Technology as of its most recent SEC filing.

Mogo Finance Technology Company Profile

Mogo Finance Technology Inc operates as a financial technology company in Canada. The company offers its products to help consumers enhance their financial health. It offers digital access to free monthly credit score monitoring; MogoCard, a Mogo Platinum Prepaid Visa card; MogoMoney personal loans; MogoProtect to identity fraud protection; and MogoMortgage, a digital mortgage brokerage solution.

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