Zacks Investment Research downgraded shares of NETSPEND HLDGS (NTSP) from OUTPERFORM to NEUTRAL on October 03, 2012, with a target price of $10.90.
Netspend Holdings, Inc is a provider of general-purpose reloadable prepaid debit cards and related alternative financial services to underbanked consumers in the U.S. It is engaged in acquiring cardholders, processing transactions, maintaining account-level data, communication with cardholders, risk management and connecting to its issuing banks and distributors. The Company's retail distribution and reload network provides underbanked consumers the ability to acquire and load cards at retailers that service their primary financial services needs, as well as non-financial retailers such as grocery and convenience stores. Netspend Holdings, Inc. is headquartered in Austin, Texas.
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