Goldman Sachs Initiates Higher One Holdings At Neutral (ONE)

Analysts at Goldman Sachs GS have initiated coverage of Higher One Holdings ONE with a Neutral rating and a $15 price target (8% upside potential). The firm's price target implies a CY2011 P/E multiple of 23.9x and a CY2011 EV/EBITDA multiple of 12.5x. The analysts wrote that "We believe ONE will benefit from (1) exposure to an emerging vertical, (2) a scalable transaction-driven model, (3) access to multiple revenue growth drivers, and (4) a robust, differentiated product suite." During today's trading session, ONE shares have fallen 0.07% to $13.61. Higher One Holdings, Inc. is a provider of technology and payment services to the higher education industry. The Company provides a comprehensive suite of disbursement and payment solutions specifically designed for higher education institutions and their students.