Goldman Sachs Downgrades Higher One (ONE) to Sell on Low Enrollment and Pricing

Goldman Sachs downgraded Higher One (NYSE: ONE) from Neutral to Sell with a price target of $9.00 (from $10.00).

"We downgrade ONE to Sell from Neutral as we believe that a continued mix shift to lower priced accounts, negative enrollment trends and a recent decrease in One Account adoption rates will drive lower revenue growth through our forecast horizon."

Goldman lowered 2012/2013/2014 EPS estimates to $0.61/$0.65/$0.68 from $0.62/$0.76/$0.83.

For an analyst ratings summary and ratings history on Higher One click here. For more ratings news on Higher One click here.

Shares of Higher One closed at $12.11 yesterday.

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