Mogo Finance Technology (MOGO) Received its Third Buy in a Row

By Austin Angelo

After B.Riley FBR and Mackie Research gave Mogo Finance Technology (NASDAQ: MOGO) a Buy rating last month, the company received another Buy, this time from Canaccord Genuity. Analyst Doug Taylor maintained a Buy rating on Mogo Finance Technology yesterday and set a price target of C$3.00. The company’s shares closed last Monday at $0.88, close to its 52-week low of $0.56.

According to TipRanks.com, Taylor is ranked #1958 out of 6517 analysts.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Mogo Finance Technology with a $3.00 average price target.

See today’s analyst top recommended stocks >>

Based on Mogo Finance Technology’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $15.02 million and GAAP net loss of $6.19 million. In comparison, last year the company earned revenue of $16.11 million and had a GAAP net loss of $4.97 million.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Difference Capital Financial, Inc. is a venture capital company, which engages in investing in growth companies. Its portfolio inludes financial technologies, internet, media and media technologies, technologies, healthcare, and other. The company was founded by Henry Kneis, Paul D. Sparkes, and Michael A. Wekerle on January 14, 1972 and is headquartered in Toronto, Canada.