DIGILITI MONEY (DGLT) Upgraded by Zacks Investment Research to Hold

DIGILITI MONEY (NASDAQ:DGLT) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Monday, June 5th.

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 began coverage on DIGILITI MONEY in a research report on Tuesday, May 30th. They set a “buy” rating and a $6.00 price target on the stock.

DIGILITI MONEY (NASDAQ DGLT) traded down 2.11% during trading on Monday, reaching $3.25. 7,345 shares of the company’s stock traded hands. The stock’s market capitalization is $32.10 million. The company has a 50-day moving average of $3.56 and a 200 day moving average of $4.01. DIGILITI MONEY has a 12 month low of $2.57 and a 12 month high of $15.00.

DIGILITI MONEY (NASDAQ:DGLT) last released its quarterly earnings results on Thursday, May 11th. The company reported ($0.83) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.12) by $0.71. The firm had revenue of $2.52 million during the quarter. On average, equities research analysts expect that DIGILITI MONEY will post ($0.63) earnings per share for the current fiscal year.

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About DIGILITI MONEY

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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