Shares of Adyen N.V. Unsponsored ADR (OTCMKTS:ADYEY – Get Free Report) gapped up before the market opened on Tuesday . The stock had previously closed at $9.88, but opened at $10.31. Adyen shares last traded at $10.36, with a volume of 41,826 shares.
Wall Street Analysts Forecast Growth
ADYEY has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Adyen in a report on Monday, April 27th. BNP Paribas Exane downgraded shares of Adyen to a “neutral” rating in a report on Monday, June 1st. BMO Capital Markets initiated coverage on shares of Adyen in a report on Tuesday, April 21st. They set an “outperform” rating on the stock. Jefferies Financial Group restated a “buy” rating on shares of Adyen in a report on Monday, May 4th. Finally, Monness Crespi & Hardt restated a “buy” rating on shares of Adyen in a report on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy”.
Read Our Latest Research Report on ADYEY
Adyen Stock Up 4.1%
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.
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