Mogo Finance Technology Inc. (NASDAQ: MOGO) reported Q2 revenue for the quarter came in at $16.4 million, versus $11.6 million.....
Equities analysts expect Mogo Finance Technology Inc (NASDAQ:MOGO) to post $12.85 million in sales for the current quarter, Zacks reports. Two analysts have issued estimates for Mogo Finance Technology’s earnings, with the lowest sales estimate coming in at $12.79 million and the highest estimate coming in at $12.91 million. Mogo Finance Technology posted sales of $11.95 million during the same quarter last year, which would indicate a positive year over year growth rate of 7.5%. The company is expected to announce its next quarterly earnings results on Wednesday, August 14th.
According to Zacks, analysts expect that Mogo Finance Technology will report full-year sales of $52.82 million for the current year, with estimates ranging from $52.48 million to $53.15 million. For the next fiscal year, analysts anticipate that the firm will post sales of $71.64 million, with estimates ranging from $70.59 million to $72.68 million. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow Mogo Finance Technology.
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Mogo Finance Technology (NASDAQ:MOGO) last released its quarterly earnings data on Tuesday, May 14th. The company reported ($0.15) EPS for the quarter, topping analysts’ consensus estimates of ($0.17) by $0.02. The firm had revenue of $12.59 million during the quarter, compared to analyst estimates of $12.48 million.
Separately, ValuEngine downgraded Wave Life Sciences from a “buy” rating to a “hold” rating in a report on Tuesday, April 16th.
NASDAQ:MOGO opened at $2.76 on Wednesday. The stock has a 50 day moving average price of $3.28. Mogo Finance Technology has a 52 week low of $1.98 and a 52 week high of $4.05. The firm has a market capitalization of $83.20 million, a P/E ratio of -4.00 and a beta of 1.77.
An institutional investor recently bought a new position in Mogo Finance Technology stock. Two Sigma Investments LP acquired a new stake in shares of Mogo Finance Technology Inc (NASDAQ:MOGO) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 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 filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 4.32% of the company’s stock.
Mogo Finance Technology Company Profile
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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