PSO - E*Trade Acquires Gradifi For Student Loan Wellness Tech
Quick Take
E*TRADE (ETFC) announced it has acquired Gradifi for approximately $30 million.
Gradifi operates as a fintech company that provides financial wellness services by offering a suite of solutions to tackle student debt.
ETFC will be able to scale Gradifi’s suite of offerings throughout its Employer Services segment.
The stock looks to be potentially undervalued at its current level, so my bias is BULLISH at $45 per share.
Target Company
Boston, Massachusetts-based Gradifi was founded in 2014 to offer an innovative solution to the $1.3 trillion student loan debt problem.
Management is