Adyen (OTCMKTS:ADYEY) Shares Gap Up – What’s Next?

Shares of Adyen N.V. Unsponsored ADR (OTCMKTS:ADYEY) gapped up prior to trading on Wednesday . The stock had previously closed at $9.32, but opened at $9.74. Adyen shares last traded at $9.70, with a volume of 45,876 shares.

Analyst Ratings Changes

ADYEY has been the subject of a number of research reports. Loop Capital assumed coverage on Adyen in a research report on Wednesday. They set a “hold” rating for the company. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Adyen in a research report on Monday, April 27th. Monness Crespi & Hardt restated 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 report on Monday, May 4th. Finally, BNP Paribas Exane cut shares of Adyen to a “neutral” rating in a research note on Monday, June 1st. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

Adyen Stock Performance

The business’s 50-day moving average price is $10.10 and its 200-day moving average price is $11.75.

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.