Adyen (OTCMKTS:ADYEY) Shares Up 2% – Time to Buy?

Adyen N.V. Unsponsored ADR (OTCMKTS:ADYEY) traded up 2% during mid-day trading on Tuesday. The stock traded as high as $10.43 and last traded at $10.41. 717,623 shares traded hands during trading, a decline of 35% from the average session volume of 1,103,236 shares. The stock had previously closed at $10.21.

Analysts Set New Price Targets

Several research firms have recently issued reports on ADYEY. Loop Capital assumed coverage on shares of Adyen in a research report on Wednesday, July 15th. They issued a “hold” rating for the company. Wolfe Research restated an “outperform” rating on shares of Adyen in a report on Tuesday, August 25th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Adyen in a research report on Friday, August 14th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Adyen in a research report on Friday, August 14th. Finally, Scotiabank assumed coverage on shares of Adyen in a research note on Wednesday, September 2nd. They set an “outperform” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Adyen Price Performance

The business’s fifty day simple moving average is $10.94 and its 200 day simple moving average is $10.47.

About Adyen

Adyen N.V. is a Netherlands-based financial technology company that provides a global payments platform for businesses. Its technology enables merchants to accept payments through online, mobile and in-person channels using cards, digital wallets, bank-based payment methods and other local options.

The company offers payment processing and acquiring services, as well as tools for fraud prevention, authentication, payment optimization and reporting. Adyen also provides unified commerce capabilities that connect online and physical retail transactions, along with financial products such as business accounts, card issuing and embedded financial services.

Founded in Amsterdam in 2006 by Pieter van der Does and Ingo Uytdehaage, Adyen serves international and enterprise customers across Europe, North America, Latin America, Asia-Pacific and other markets.