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

Adyen N.V. Unsponsored ADR (OTCMKTS:ADYEY) has been assigned an average rating of “Buy” from the eight ratings firms that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation, five have given a buy recommendation and two have assigned a strong buy recommendation to the company.

A number of brokerages have issued reports on ADYEY. Wells Fargo & Company began coverage on Adyen in a research report on Tuesday, October 21st. They issued an “overweight” rating on the stock. Jefferies Financial Group restated a “buy” rating on shares of Adyen in a research note on Wednesday, October 29th. Monness Crespi & Hardt restated a “buy” rating on shares of Adyen in a research note on Friday, August 15th. Wolfe Research lowered shares of Adyen from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 22nd. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Adyen in a research report on Friday, August 15th.

Adyen Stock Performance

OTCMKTS ADYEY opened at $16.14 on Friday. Adyen has a fifty-two week low of $12.68 and a fifty-two week high of $19.94. The business has a 50 day moving average price of $16.61 and a two-hundred day moving average price of $17.39.

About Adyen

Adyen N.V. operates a payments platform in Europe, the Middle East, Africa, North America, the Asia Pacific, Latin America. The company's platform integrates payments stack that include gateway, risk management, processing, issuing, acquiring, and settlement services. It offers a back-end infrastructure for authorizing.