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

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 set a buy rating and a $6.00 price objective for the company.

Shares of DIGILITI MONEY (NASDAQ DGLT) opened at 1.0464 on Tuesday. DIGILITI MONEY has a 12 month low of $0.17 and a 12 month high of $13.28. The stock’s market capitalization is $10.34 million. The stock has a 50 day moving average price of $1.47 and a 200 day moving average price of $3.21.

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An institutional investor recently bought a new position in DIGILITI MONEY stock. Goldman Sachs Group Inc. purchased a new position in DIGILITI MONEY (NASDAQ:DGLT) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm 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. 6.15% of the stock is owned by institutional investors and hedge funds.

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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