Adyen (OTCMKTS:ADYEY) Shares Gap Up – Still a Buy?

Shares of Adyen N.V. Unsponsored ADR (OTCMKTS:ADYEYGet Free Report) gapped up prior to trading on Thursday . The stock had previously closed at $9.78, but opened at $10.30. Adyen shares last traded at $10.30, with a volume of 313,237 shares changing hands.

Analyst Upgrades and Downgrades

Several analysts recently commented on ADYEY shares. Monness Crespi & Hardt reiterated a “buy” rating on shares of Adyen in a research report on Wednesday, May 6th. BNP Paribas Exane downgraded shares of Adyen to a “neutral” rating in a research report on Monday. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Adyen in a research report on Monday, April 27th. Jefferies Financial Group restated a “buy” rating on shares of Adyen in a research report on Monday, May 4th. Finally, BMO Capital Markets started coverage on shares of Adyen in a research report on Tuesday, April 21st. They set an “outperform” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy”.

Check Out Our Latest Analysis on Adyen

Adyen Stock Performance

The stock’s 50-day simple moving average is $10.69 and its 200 day simple moving average is $12.97.

Adyen Company Profile

(Get Free Report)

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.

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