Adyen N.V. Unsponsored ADR (OTCMKTS:ADYEY) Given Average Recommendation of "Buy" by Analysts

Key Points

• Analyst consensus: Ten analysts give Adyen an average "Buy" rating—eight "buy" and two "strong buy"—with recent upgrades and new coverage from firms including Cantor Fitzgerald, KeyCorp, Wolfe Research, Morgan Stanley and BMO.
• Stock performance: ADYEY opened at $11.45, trading near its 50‑day SMA of $10.71 versus a 200‑day SMA of $14.11, and has a one‑year range of $9.45 to $19.94.
• Business overview: Adyen is a global payments technology company providing an end‑to‑end platform for online, mobile and point‑of‑sale payments, including gateway, acquiring, fraud prevention and settlement services.

Shares of Adyen N.V. Unsponsored ADR (OTCMKTS:ADYEY - Get Free Report) have received an average recommendation of "Buy" from the ten analysts that are presently covering the company, MarketBeat reports. Eight research analysts have rated the stock with a buy recommendation and two have assigned a strong buy recommendation to the company.

Several equities analysts recently issued reports on the stock. Cantor Fitzgerald started coverage on shares of Adyen in a report on Monday, January 26th. They set an "overweight" rating on the stock. KeyCorp upgraded Adyen to a "strong-buy" rating in a report on Friday, January 23rd. Wolfe Research raised Adyen from a "hold" rating to an "outperform" rating in a research report on Thursday, January 8th. Morgan Stanley reiterated an "overweight" rating on shares of Adyen in a report on Friday, January 9th. Finally, BMO Capital Markets began coverage on Adyen in a research report on Tuesday. They issued an "outperform" rating for the company.

Adyen Stock Performance

OTCMKTS:ADYEY opened at $11.45 on Friday. The firm has a 50-day simple moving average of $10.71 and a 200-day simple moving average of $14.11. Adyen has a one year low of $9.45 and a one year 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.

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