Zacks Investment Research upgraded shares of DIGILITI MONEY (NASDAQ:DGLT) from a sell rating to a hold rating in a research note published on Tuesday.

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 assumed coverage on DIGILITI MONEY in a research report on Tuesday, May 30th. They issued a buy rating and a $6.00 target price for the company.

DIGILITI MONEY (NASDAQ DGLT) opened at 1.0464 on Tuesday. The firm’s market capitalization is $10.34 million. DIGILITI MONEY has a 1-year low of $0.17 and a 1-year high of $13.28. The stock’s 50 day moving average is $1.73 and its 200 day moving average is $3.32.

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An institutional investor recently bought a new position in DIGILITI MONEY stock. Goldman Sachs Group Inc. purchased a new stake in shares of DIGILITI MONEY (NASDAQ:DGLT) during the second quarter, according to its most recent filing with the SEC. The fund purchased 48,971 shares of the company’s stock, valued at approximately $156,000. Goldman Sachs Group Inc. owned approximately 0.50% of DIGILITI MONEY as of its most recent SEC filing. Hedge funds and other institutional investors own 4.83% 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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