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

Adyen N.V. Unsponsored ADR (OTCMKTS:ADYEY – Get Free Report) has been assigned an average recommendation of “Moderate Buy” from the twelve brokerages that are presently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company.

Several research firms have weighed in on ADYEY. Scotiabank initiated coverage on shares of Adyen in a report on Wednesday. They issued an “outperform” rating on the stock. Wolfe Research restated an “outperform” rating on shares of Adyen in a research report on Tuesday, August 25th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Adyen in a research note on Friday, August 14th. Loop Capital initiated coverage on Adyen in a report on Wednesday, July 15th. They set a “hold” rating on the stock. Finally, BNP Paribas Exane cut Adyen to a “neutral” rating in a research note on Monday, June 1st.

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Adyen Price Performance

Adyen stock opened at $12.05 on Friday. The company’s 50 day simple moving average is $10.61 and its 200 day simple moving average is $10.59. Adyen has a fifty-two week low of $8.93 and a fifty-two week high of $18.34.

Adyen Company Profile

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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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