Higher One Holdings Inc (ONE) was Downgraded by SunTrust to ” Neutral”. Earlier the firm had a rating of “Buy ” on the company shares. SunTrust advised their investors in a research report released on Jun 30, 2016.
On the company’s financial health, Higher One Holdings Inc reported $0.13 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on May 5, 2016. Analyst had a consensus of $0.10. The company had revenue of $55.60 million for the quarter, compared to analysts expectations of $54.30 million. The company’s revenue was down -9.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.21 EPS.
Higher One Holdings Inc opened for trading at $3.65 and hit $3.76 on the upside on Wednesday, eventually ending the session at $3.75, with a gain of 3.88% or 0.14 points. The heightened volatility saw the trading volume jump to 1,90,623 shares. Company has a market cap of $182 M.
Higher One Holdings Inc. is a provider of technology-based refund disbursement payment processing and data analytics services to higher education institutions and students. The Company offers products and services to two markets such as higher education institutions and students. For higher education institutions the Company offers Refund Management Disbursement Service CASHNet Payment Processing suite Campus Labs and Campus Solutions Suite. The Refund Management Disbursement Service facilitates the distribution of financial aid and other refunds to students. It offers payment transaction services through its CASHNet Payment Processing payment products. The Campus Labs data analytics suite offers platforms for assessment in higher education. The Campus Solutions Suite includes Campus Solutions NetPay and Campus Solutions Tuition Payment Plans. For students it offers OneAccounts an optional Federal Deposit Insurance Corporation (FDIC) insured online checking accounts.