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

Adyen N.V. Unsponsored ADR (OTCMKTS:ADYEY) has earned a consensus recommendation of “Buy” from the ten analysts that are covering the firm, MarketBeat.com reports. One analyst has 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 research analysts have recently issued reports on ADYEY shares. Monness Crespi & Hardt reaffirmed a “buy” rating on shares of Adyen in a research note on Wednesday, May 6th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Adyen in a research note on Monday, May 4th. BNP Paribas Exane lowered shares of Adyen to a “neutral” rating in a research note on Monday, June 1st. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Adyen in a research note on Monday, April 27th. Finally, BMO Capital Markets started coverage on shares of Adyen in a research note on Tuesday, April 21st. They issued an “outperform” rating on the stock.

Adyen Stock Up 5.0%

Shares of OTCMKTS ADYEY opened at $9.49 on Friday. Adyen has a 1 year low of $8.93 and a 1 year high of $19.64. The firm’s 50-day moving average is $10.61 and its 200-day moving average is $12.70.

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.