Adyen N.V. Unsponsored ADR (OTCMKTS:ADYEY) Stock Rated “Moderate Buy” by Sell-Side Brokerages

Shares of Adyen N.V. Unsponsored ADR (OTCMKTS:ADYEY) have received a consensus recommendation of “Moderate Buy” from the twelve research firms that are covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation, nine have assigned a buy recommendation and one has given a strong buy recommendation to the company.

ADYEY has been the topic of a number of research reports. BMO Capital Markets restated an “outperform” rating on shares of Adyen in a research report on Friday, August 14th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Adyen in a research report on Friday, August 14th. Loop Capital started coverage on shares of Adyen in a research report on Wednesday, July 15th. They set a “hold” rating for the company. Wolfe Research reissued an “outperform” rating on shares of Adyen in a research note on Tuesday, August 25th. Finally, Scotiabank initiated coverage on shares of Adyen in a report on Wednesday, September 2nd. They issued an “outperform” rating on the stock.

Adyen Trading Down 0.4%

Shares of ADYEY stock opened at $10.52 on Friday. The stock has a 50-day moving average price of $10.93 and a 200 day moving average price of $10.48. Adyen has a 12 month low of $8.93 and a 12 month high of $18.34.

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.