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

Shares of Adyen N.V. Unsponsored ADR (OTCMKTS:ADYEY) have been assigned a consensus rating of “Moderate Buy” from the eleven analysts that are presently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating on the company.

ADYEY has been the subject of a number of research analyst reports. BNP Paribas Exane cut Adyen to a “neutral” rating in a report on Monday, June 1st. Loop Capital assumed coverage on Adyen in a report on Wednesday, July 15th. They set a “hold” rating on the stock. Monness Crespi & Hardt reaffirmed a “buy” rating on shares of Adyen in a report on Wednesday, May 6th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Adyen in a research report on Monday, May 4th. Finally, Wolfe Research reiterated an “outperform” rating on shares of Adyen in a report on Tuesday.

Adyen Stock Performance

Adyen stock opened at $12.59 on Friday. The company’s 50-day moving average is $10.37 and its 200-day moving average is $10.61. Adyen has a fifty-two week low of $8.93 and a fifty-two week high of $18.34.

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.