SunTrust Robinson Humphrey Downgrades Higher One Holdings Inc to Neutral

Brokerage firm SunTrust Robinson Humphrey Downgrades its rating on Higher One Holdings Inc(NYSE:ONE). The shares have been rated Neutral. Previously, the analysts had a Buy rating on the shares. The rating by SunTrust Robinson Humphrey was issued on Jun 30, 2016.

Higher One Holdings Inc (ONE) remained unchanged at the close of Tuesday session. Even as the volume increased to 73,94,937 ,the shares failed to make any impression and ended at 0 points or 0.00% at $5.11. The trading session commenced at $5.11 and the stock hit a high of $5.12 and touched $5.09 at the lower end. Considering that the stock pared all of the losses, it can be said as a positive sign. The share price has a 52-week high of $5.12 and the 52-week low is $1.85. The company has a market cap of $249 M and has approximately 4,86,64,224 outstanding shares.

Higher One Holdings Inc(ONE) last announced its earnings results on May 5, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $55.55M. Analysts had an estimated revenue of $55.15M. Earnings per share were $0.13. Analysts had estimated an EPS of $0.10.

Several Insider Transactions has been reported to the SEC. On Oct 29, 2015, Partners Special Opport Zilkha (10% owner) purchased 604,114 shares at $2.95 per share price.Also, On Oct 20, 2015, Partners L.p. Zilkha (10% owner) purchased 13,900 shares at $2.09 per share price.

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.

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