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

Adyen N.V. Unsponsored ADR (OTCMKTS:ADYEY) has received an average rating of “Buy” from the eight brokerages that are currently covering the company, Marketbeat.com reports. Six research analysts have rated the stock with a buy rating and two have issued a strong buy rating on the company.

A number of equities research analysts have weighed in on ADYEY shares. Morgan Stanley reaffirmed an “overweight” rating on shares of Adyen in a report on Friday, January 9th. Wolfe Research raised Adyen from a “hold” rating to an “outperform” rating in a research note on Thursday, January 8th. Jefferies Financial Group reissued a “buy” rating on shares of Adyen in a research note on Wednesday, October 29th. Finally, Wells Fargo & Company began coverage on shares of Adyen in a research note on Tuesday, October 21st. They issued an “overweight” rating on the stock.

Adyen Stock Down 0.8%

ADYEY stock opened at $16.11 on Thursday. Adyen has a 52 week low of $13.14 and a 52 week high of $19.94. The business has a 50-day simple moving average of $15.95 and a 200 day simple moving average of $16.59.

Adyen Company Profile

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.