Digiliti Money (NASDAQ:DGLT) Stock Rating Lowered by Zacks Investment Research
Zacks Investment Research cut shares of Digiliti Money (NASDAQ:DGLT) from a hold rating to a sell rating in a research note published on Friday.
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 shares of Digiliti Money in a report on Tuesday, May 30th. They set a buy rating and a $6.00 target price on the stock.
Digiliti Money (NASDAQ DGLT) traded down 13.40% during midday trading on Friday, reaching $0.64. 813,159 shares of the company traded hands. The stock’s market capitalization is $6.32 million. The company has a 50 day moving average price of $2.92 and a 200-day moving average price of $3.71. Digiliti Money has a one year low of $0.60 and a one year high of $13.27.
Digiliti Money (NASDAQ:DGLT) last issued its earnings results on Thursday, May 11th. The company reported ($0.83) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.12) by $0.71. The business had revenue of $2.52 million for the quarter. Analysts forecast that Digiliti Money will post ($0.63) EPS 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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