Adyen (OTCMKTS:ADYEY) Shares Gap Up – What’s Next?

Adyen N.V. Unsponsored ADR (OTCMKTS:ADYEY)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $10.53, but opened at $12.0650. Adyen shares last traded at $11.96, with a volume of 272,255 shares changing hands.

Analyst Ratings Changes

ADYEY has been the topic of several research reports. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Adyen in a research report on Thursday, July 23rd. BNP Paribas Exane cut shares of Adyen to a “neutral” rating in a report on Monday, June 1st. Jefferies Financial Group reiterated a “buy” rating on shares of Adyen in a research note on Monday, May 4th. Monness Crespi & Hardt reissued a “buy” rating on shares of Adyen in a research report on Wednesday, May 6th. Finally, BMO Capital Markets initiated coverage on shares of Adyen in a report on Tuesday, April 21st. They issued an “outperform” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Adyen has an average rating of “Moderate Buy”.

Adyen Stock Up 14.9%

The business has a 50 day moving average price of $9.79 and a 200 day moving average price of $10.81.

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.