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 an average recommendation of “Moderate Buy” by the eleven analysts that are covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation, eight have assigned a buy recommendation and one has given a strong buy recommendation to the company.

Several research firms have weighed in on ADYEY. Loop Capital initiated coverage on Adyen in a research report on Wednesday, July 15th. They set a “hold” rating on the stock. BMO Capital Markets initiated coverage on Adyen in a report on Tuesday, April 21st. They issued an “outperform” rating for the company. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Adyen in a research report on Thursday, July 23rd. Monness Crespi & Hardt reissued a “buy” rating on shares of Adyen in a research report on Wednesday, May 6th. Finally, Jefferies Financial Group reissued a “buy” rating on shares of Adyen in a research note on Monday, May 4th.

Adyen Price Performance

OTCMKTS:ADYEY opened at $10.70 on Monday. The company has a 50-day moving average price of $9.77 and a 200-day moving average price of $10.93. Adyen has a 12 month low of $8.93 and a 12 month high of $18.34.

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.