Streetbeat News

MOGO

Mogo Inc.

https://www.mogo.ca

Industry

Software - Infrastructure

Mogo Inc. operates as a financial technology company in Canada and internationally. The company provides digital solutions to the consumers to get in control of their financial health. It offers Mogo app to access a digital spending account with Mogo Visa Platinum Prepaid Card; MogoCrypto that enables the buying and selling of bitcoin; MogoProtect, a free ID fraud protection and monthly credit score monitoring; MogoMortgage, a digital mortgage experience; and MogoMoney that provides access to personal loans. The company also offers Mogo Trade, a free stock trading platform with real-time stock quotes and funding; and Mogo Ventures to manage its existing investments in strategic partners and companies. In addition, it operates Carta, a digital payments software platform that enable financial technology companies, banks, and corporations to issue payment products to consumers via multiple channels, including physical, virtual, and tokenized cards, as well as payment switching and routing services. Mogo Inc. was founded in 2003 and is headquartered in Vancouver, Canada.

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Mogo anticipates accelerating growth in its subscription and services revenue during FY24, projecting an overall growth rate in the mid-teens.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 12:38 pm

Mogo Inc. (NASDAQ:MOGO) reported Q4 sales of $17.2M, surpassing the analyst consensus estimate of $16.386M by 4.97% and marking a 34.74% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 12:37 pm

Numerous companies are scheduled to report their quarterly earnings on March 20, 2024, with expectations ranging from significant profits to losses. Notable mentions include BioNTech with projected earnings of $2.64 per share, PDD Holdings expecting $1.60 per share, and Micron Technology anticipated to report a loss of $0.26 per share. The diversity in performance across sectors highlights the varied economic landscape.

Portfolio Pulse from Benzinga Insights

March 20, 2024 | 9:32 am

Mogo (NASDAQ:MOGO) is scheduled to release its quarterly earnings report on March 20, 2024, with an expected EPS of $-0.09. Analysts and investors will be looking for the company to beat this estimate and provide positive guidance for future growth. Mogo's past earnings performance shows a pattern of beating EPS estimates but with mixed reactions in stock price changes. Currently, MOGO shares are trading at $1.99, having increased by 18.67% over the last 52 weeks. Investors remain optimistic as the earnings date approaches.

Portfolio Pulse from Benzinga Insights

March 19, 2024 | 4:01 pm

Mogo (NASDAQ:MOGO) is scheduled to release its quarterly earnings report on March 20, 2024, with analysts expecting an EPS of $-0.09. Historical data shows mixed reactions to past earnings, with the stock price sometimes dropping despite beating EPS estimates. Shares are currently trading at $1.99, up 19.51% over the last year. Investors are advised to pay attention to the company's guidance for future growth.

Portfolio Pulse from Benzinga Insights

March 19, 2024 | 4:01 pm

HC Wainwright & Co. analyst Scott Buck has reiterated a Buy rating on Mogo (NASDAQ:MOGO) and maintained an $8 price target.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 10:28 am

Mogo Inc. has announced the addition of Bitcoin to its treasury management strategy, with an authorized initial investment of $5 million. This move reflects the company's growing interest in cryptocurrency as a viable asset for corporate treasury management.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 1:45 pm

Shares of companies in the financial sector are down after January CPI data indicated a higher-than-expected inflation rise, creating uncertainty about future rate cuts.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 7:17 pm

Mogo Inc., a leading Canadian fintech company, announced that its portfolio company, WonderFi Technologies Inc., provided a positive Q4 2023 corporate update. WonderFi, with 1.6 million users and $1 billion in client AUC, is one of Canada's largest crypto exchange platforms. Mogo holds approximately 87 million shares, representing a 13% ownership interest in WonderFi. WonderFi owns Bitbuy and Coinsquare, two major crypto trading platforms, and SmartPay, a crypto payments processor. Q4 highlights include over $1 billion in client assets, $760 million in trading volumes, and $180 million processed in crypto payments. WonderFi also achieved cash-flow positive operations. Mogo's President & CFO, Greg Feller, believes WonderFi is well-positioned for long-term growth and will provide value to Mogo shareholders.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 3:07 pm

Mogo (NASDAQ:MOGO) reported its Q3 earnings results, beating estimated earnings by 31.33% with an EPS of $-0.103 versus an estimate of $-0.15. However, revenue was down $1.17 million from the same period last year. Last quarter, the company beat on EPS by $0.45, which was followed by a 9.04% drop in the share price the next day.

Portfolio Pulse from Benzinga Insights

November 09, 2023 | 9:25 pm

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