Adyen N.V. Unsponsored ADR (OTCMKTS:ADYEY) Given Average Rating of “Moderate Buy” by Analysts

Adyen N.V. Unsponsored ADR (OTCMKTS:ADYEY) has earned a consensus rating of “Moderate Buy” from the eleven brokerages that are currently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation, eight have issued a buy recommendation and one has given a strong buy recommendation to the company.

A number of analysts have commented on ADYEY shares. Monness Crespi & Hardt reiterated a “buy” rating on shares of Adyen in a research note on Wednesday, May 6th. BMO Capital Markets started coverage on shares of Adyen in a research note on Tuesday, April 21st. They set an “outperform” rating on the stock. Loop Capital began coverage on shares of Adyen in a report on Wednesday. They issued a “hold” rating on the stock. Jefferies Financial Group reiterated a “buy” rating on shares of Adyen in a report on Monday, May 4th. Finally, BNP Paribas Exane downgraded Adyen to a “neutral” rating in a research report on Monday, June 1st.

Adyen Price Performance

OTCMKTS:ADYEY opened at $9.92 on Thursday. Adyen has a 1-year low of $8.93 and a 1-year high of $18.42. The firm has a fifty day simple moving average of $10.08 and a 200 day simple moving average of $11.70.

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.