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

Adyen N.V. Unsponsored ADR (OTCMKTS:ADYEY) has earned an average rating of “Buy” from the ten analysts that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating on the company.

Several analysts recently issued reports on the company. Jefferies Financial Group reiterated a “buy” rating on shares of Adyen in a report on Monday, May 4th. BNP Paribas Exane lowered Adyen to a “neutral” rating in a research report on Monday, June 1st. Monness Crespi & Hardt reiterated a “buy” rating on shares of Adyen in a report on Wednesday, May 6th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Adyen in a research note on Monday, April 27th. Finally, BMO Capital Markets initiated coverage on Adyen in a report on Tuesday, April 21st. They issued an “outperform” rating on the stock.

Adyen Stock Performance

Adyen stock opened at $9.46 on Thursday. The company’s fifty day simple moving average is $10.24 and its 200-day simple moving average is $11.93. Adyen has a 12 month low of $8.93 and a 12 month high of $18.53.

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.