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

Shares of Adyen N.V. Unsponsored ADR (OTCMKTS:ADYEY) have been assigned an average recommendation of “Buy” from the eleven analysts that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company.

ADYEY has been the subject of several recent analyst reports. Wolfe Research reaffirmed an “outperform” rating on shares of Adyen in a research note on Tuesday, August 25th. Scotiabank began coverage on Adyen in a research note on Wednesday, September 2nd. They set an “outperform” rating on the stock. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Adyen in a report on Friday, August 14th. Loop Capital upgraded Adyen from a “hold” rating to a “buy” rating in a report on Thursday, October 29th. Finally, Monness Crespi & Hardt reaffirmed a “buy” rating on shares of Adyen in a research note on Thursday, October 29th.

Adyen Trading Down 1.2%

Adyen stock opened at $9.71 on Wednesday. Adyen has a 52 week low of $8.93 and a 52 week high of $17.20. The firm’s 50-day simple moving average is $10.21 and its 200 day simple moving average is $10.77.

About Adyen

Adyen is a Netherlands-based financial technology company founded in Amsterdam in 2006. It provides a unified payments platform that helps businesses accept and manage payments across online, mobile and in-person channels. The platform combines payment processing and acquiring with tools for fraud prevention, transaction data and payment-method management. Adyen also offers point-of-sale solutions for in-store transactions, enabling merchants to manage payments across sales channels through a single system.