Digiliti Money (DGLT) Rating Increased to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of Digiliti Money (NASDAQ:DGLT) from a sell rating to a hold rating in a report released on Monday.

According to Zacks, “Digiliti Money Group, Inc. is a technology solutions and services provider to the financial services industry. The company operates as a cloud-based software-as-a-service provider of remote deposit capture and mobile wallet solutions for customers of banks, credit unions, prepaid card programs, check cashing services and payday lenders. Its solutions and services enable banks, credit unions and alternative financial services providers to offer their customers remote deposit capture and prepaid mobile money technologies and related services. Digiliti Money Group, Inc., formerly known as Cachet Financial Solutions, Inc., is headquartered in Minneapolis. “

Separately, Lake Street Capital initiated coverage on shares of Digiliti Money in a report on Tuesday, May 30th. They issued a buy rating and a $6.00 target price on the stock.

Shares of Digiliti Money (NASDAQ:DGLT) opened at 1.0464 on Monday. The company has a 50-day moving average of $1.22 and a 200 day moving average of $3.11. Digiliti Money has a 12 month low of $0.17 and a 12 month high of $13.28. The company’s market capitalization is $10.34 million.

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A hedge fund recently bought a new stake in Digiliti Money stock. Goldman Sachs Group Inc. acquired a new position in shares of Digiliti Money (NASDAQ:DGLT) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 48,971 shares of the company’s stock, valued at approximately $156,000. Goldman Sachs Group Inc. owned about 0.50% of Digiliti Money as of its most recent SEC filing. Institutional investors own 6.15% of the company’s stock.

Digiliti Money Company Profile

Digiliti Money Group, Inc, formerly Digiliti Money, Inc, is a technology solutions and services provider to the financial services industry. The Company’s solutions and services enable its clients, such as banks, credit unions and alternative financial services providers (AFS) to offer their customers remote deposit capture (RDC) and prepaid mobile money technologies and related services.

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