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

Adyen N.V. Unsponsored ADR (OTCMKTS:ADYEY) has been given a consensus rating of “Buy” by the eight analysts that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation, five have issued a buy recommendation and two have assigned a strong buy recommendation to the company.

ADYEY has been the topic of several research analyst reports. Jefferies Financial Group restated a “buy” rating on shares of Adyen in a research note on Wednesday, October 29th. Wells Fargo & Company initiated coverage on shares of Adyen in a research report on Tuesday, October 21st. They issued an “overweight” rating on the stock.

Adyen Price Performance

ADYEY stock opened at $16.09 on Friday. Adyen has a twelve month low of $13.14 and a twelve month high of $19.94. The firm has a 50 day simple moving average of $16.09 and a 200-day simple moving average of $16.88.

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.