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

Adyen N.V. Unsponsored ADR (OTCMKTS:ADYEY) has been assigned a consensus recommendation of “Buy” from the eight brokerages that are presently covering the stock, Marketbeat.com reports. Six analysts have rated the stock with a buy recommendation and two have given a strong buy recommendation to the company.

Several analysts have recently weighed in on ADYEY shares. Jefferies Financial Group restated a “buy” rating on shares of Adyen in a research report on Wednesday, October 29th. Morgan Stanley restated an “overweight” rating on shares of Adyen in a report on Friday, January 9th. Wells Fargo & Company began coverage on shares of Adyen in a report on Tuesday, October 21st. They set an “overweight” rating for the company. Finally, Wolfe Research raised Adyen from a “hold” rating to an “outperform” rating in a research report on Thursday, January 8th.

Adyen Trading Down 1.0%

Shares of ADYEY opened at $16.04 on Thursday. Adyen has a 12-month low of $13.14 and a 12-month high of $19.94. The stock has a 50-day moving average price of $15.92 and a 200-day moving average price of $16.64.

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.