Shares of Adyen N.V. Unsponsored ADR (OTCMKTS:ADYEY – Get Free Report) gapped down prior to trading on Friday . The stock had previously closed at $10.36, but opened at $9.32. Adyen shares last traded at $9.6550, with a volume of 214,217 shares.
Wall Street Analyst Weigh In
Several research firms have commented on ADYEY. Jefferies Financial Group reissued a “buy” rating on shares of Adyen in a research note on Monday, May 4th. BMO Capital Markets began coverage on shares of Adyen in a research note on Tuesday, April 21st. They set an “outperform” rating on the stock. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Adyen in a research note on Monday, April 27th. Monness Crespi & Hardt reissued a “buy” rating on shares of Adyen in a research note on Wednesday, May 6th. Finally, BNP Paribas Exane cut shares of Adyen to a “neutral” rating in a research note on Monday. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy”.
Check Out Our Latest Stock Analysis on ADYEY
Adyen Stock Down 8.7%
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.
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