Adyen N.V. Unsponsored ADR (OTCMKTS:ADYEY) Receives Average Rating of “Buy” from Analysts

Shares of Adyen N.V. Unsponsored ADR (OTCMKTS:ADYEY) have received a consensus rating of “Buy” from the ten research firms that are covering the firm, MarketBeat reports. One analyst has rated the stock with a hold recommendation, eight have given a buy recommendation and one has issued a strong buy recommendation on the company.

A number of research firms have weighed in on ADYEY. Jefferies Financial Group reaffirmed a “buy” rating on shares of Adyen in a report on Monday, May 4th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Adyen in a report on Monday, April 27th. BMO Capital Markets started coverage on Adyen in a research report on Tuesday, April 21st. They set an “outperform” rating for the company. BNP Paribas Exane downgraded Adyen to a “neutral” rating in a research report on Monday, June 1st. Finally, Monness Crespi & Hardt reiterated a “buy” rating on shares of Adyen in a research report on Wednesday, May 6th.

Adyen Price Performance

ADYEY stock opened at $10.35 on Friday. Adyen has a twelve month low of $8.93 and a twelve month high of $18.64. The stock has a 50-day simple moving average of $10.64 and a two-hundred day simple moving average of $12.51.

About Adyen

Adyen is a global payments technology company that provides an end-to-end platform for accepting and processing electronic payments across online, mobile and point-of-sale channels. Its core services include payment gateway and acquiring capabilities, fraud prevention and risk management, settlement and reconciliation, and tools for recurring and marketplace payments. The platform is designed to consolidate multiple payment functions into a single integration, enabling merchants to accept a wide range of local and international payment methods and currencies.

Founded in 2006 and headquartered in Amsterdam, Adyen was established by Pieter van der Does and Arnout Schuijff to simplify cross-border payments for international merchants.