Adyen (OTCMKTS:ADYEY) Shares Gap Down – Should You Sell?

Shares of Adyen N.V. Unsponsored ADR (OTCMKTS:ADYEY) gapped down before the market opened on Friday . The stock had previously closed at $18.48, but opened at $17.78. Adyen shares last traded at $17.69, with a volume of 28,182 shares changing hands.

Analysts Set New Price Targets

A number of research analysts have weighed in on ADYEY shares. Monness Crespi & Hardt reaffirmed a “buy” rating on shares of Adyen in a report on Friday, May 2nd. Evercore ISI raised Adyen to a “strong-buy” rating in a report on Tuesday, April 8th. Finally, Truist Financial raised Adyen to a “strong-buy” rating in a report on Monday, June 2nd. Two analysts have rated the stock with a buy rating and four have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Adyen has a consensus rating of “Strong Buy”.

Adyen Stock Down 0.2%

The firm has a fifty day simple moving average of $18.41 and a two-hundred day simple moving average of $16.94.

About Adyen

Adyen N.V. operates a payments platform in Europe, the Middle East, Africa, North America, the Asia Pacific, Latin America. The company's platform integrates payments stack that include gateway, risk management, processing, issuing, acquiring, and settlement services. It offers a back-end infrastructure for authorizing.