Adyen (OTCMKTS:ADYEY) Shares Gap Down – Here’s What Happened

Adyen N.V. Unsponsored ADR (OTCMKTS:ADYEY)’s share price gapped down prior to trading on Friday . The stock had previously closed at $10.36, but opened at $9.32. Adyen shares last traded at $9.6550, with a volume of 214,217 shares.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Monness Crespi & Hardt restated a “buy” rating on shares of Adyen in a research report on Wednesday, May 6th. BMO Capital Markets assumed coverage on shares of Adyen in a research report on Tuesday, April 21st. They issued an “outperform” rating on the stock. Jefferies Financial Group restated a “buy” rating on shares of Adyen in a research report on Monday, May 4th. BNP Paribas Exane downgraded shares of Adyen to a “neutral” rating in a research report on Monday. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Adyen in a research report on Monday, April 27th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Adyen presently has a consensus rating of “Buy”.

Adyen Price Performance

The stock’s fifty day moving average is $10.69 and its two-hundred day moving average is $12.93.

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.