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

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

Several equities research analysts have issued reports on the stock. Wolfe Research reiterated an “outperform” rating on shares of Adyen in a research note on Tuesday. BNP Paribas Exane downgraded shares of Adyen to a “neutral” rating in a research note on Monday, June 1st. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Adyen in a report on Friday, August 14th. Monness Crespi & Hardt reaffirmed a “buy” rating on shares of Adyen in a research report on Wednesday, May 6th. Finally, Loop Capital started coverage on Adyen in a report on Wednesday, July 15th. They set a “hold” rating on the stock.

Adyen Price Performance

Shares of ADYEY stock opened at $12.59 on Friday. Adyen has a 12 month low of $8.93 and a 12 month high of $18.34. The company’s fifty day simple moving average is $10.37 and its 200-day simple moving average is $10.61.

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.