Adyen N.V. Unsponsored ADR (OTCMKTS:ADYEY) Given Average Rating of “Buy” by Analysts

Adyen N.V. Unsponsored ADR (OTCMKTS:ADYEY) has been assigned an average rating of “Buy” from the ten ratings firms that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating on the company.

ADYEY has been the subject of several research reports. Monness Crespi & Hardt restated a “buy” rating on shares of Adyen in a research report on Wednesday, May 6th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Adyen in a research report on Monday, April 27th. BMO Capital Markets initiated coverage on shares of Adyen in a research report on Tuesday, April 21st. They issued an “outperform” rating for the company. Jefferies Financial Group restated a “buy” rating on shares of Adyen in a research report on Monday, May 4th. Finally, BNP Paribas Exane cut shares of Adyen to a “neutral” rating in a research report on Monday, June 1st.

Adyen Trading Up 5.0%

Shares of Adyen stock opened at $9.49 on Friday. The company has a 50-day simple moving average of $10.61 and a 200 day simple moving average of $12.70. Adyen has a 12-month low of $8.93 and a 12-month high of $19.64.

About Adyen

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.