Adyen N.V. Unsponsored ADR (OTCMKTS:ADYEY) Receives Consensus Rating of “Buy” from Brokerages

Shares of Adyen N.V. Unsponsored ADR (OTCMKTS:ADYEY) have earned a consensus rating of “Buy” from the ten brokerages that are currently covering the company, Marketbeat reports. Eight investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the company.

Several equities analysts have recently issued reports on the stock. KeyCorp upgraded shares of Adyen to a “strong-buy” rating in a report on Friday, January 23rd. BMO Capital Markets assumed coverage on shares of Adyen in a report on Tuesday, April 21st. They set an “outperform” rating for the company. Cantor Fitzgerald assumed coverage on shares of Adyen in a report on Monday, January 26th. They set an “overweight” rating for the company. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Adyen in a report on Monday. Finally, Wolfe Research upgraded shares of Adyen from a “hold” rating to an “outperform” rating in a report on Thursday, January 8th.

Adyen Trading Down 0.8%

ADYEY stock opened at $11.36 on Friday. The firm has a 50 day moving average price of $10.72 and a 200-day moving average price of $14.02. Adyen has a 52-week low of $9.45 and a 52-week high of $19.94.

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.