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

Shares of Adyen N.V. Unsponsored ADR (OTCMKTS:ADYEY) have been given a consensus rating of “Buy” by the ten research firms that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation, eight have given a buy recommendation and one has given a strong buy recommendation to the company.

A number of brokerages recently issued reports on ADYEY. Monness Crespi & Hardt reissued a “buy” rating on shares of Adyen in a research report on Wednesday, May 6th. Jefferies Financial Group reiterated a “buy” rating on shares of Adyen in a report on Monday, May 4th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Adyen in a report on Monday, April 27th. BNP Paribas Exane lowered Adyen to a “neutral” rating in a report on Monday, June 1st. Finally, BMO Capital Markets began coverage on Adyen in a report on Tuesday, April 21st. They set an “outperform” rating on the stock.

Adyen Price Performance

Shares of Adyen stock opened at $10.35 on Friday. The business’s 50 day simple moving average is $10.64 and its 200 day simple moving average is $12.53. Adyen has a 52-week low of $8.93 and a 52-week high of $18.64.

Adyen Company Profile

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.