Adyen N.V. Unsponsored ADR (OTCMKTS:ADYEY) Receives Average Recommendation of "Buy" from Brokerages

Key Points

• Consensus "Buy": Adyen N.V. (OTCMKTS:ADYEY) has a consensus recommendation of "Buy" from 10 analysts—seven "buy" and three "strong buy".
• Several brokerages recently upgraded or initiated coverage on Adyen, including KeyCorp (to "strong-buy"), Wolfe Research (from "hold" to "outperform"), Cantor Fitzgerald (initiated at "overweight") and Morgan Stanley (reiterated "overweight").
• Shares opened at $9.77 and are trading below the 50‑day ($12.20) and 200‑day ($14.83) moving averages, sitting near the 1‑year low of $9.69 (1‑year high $19.94).

Shares of Adyen N.V. Unsponsored ADR (OTCMKTS:ADYEY - Get Free Report) have earned a consensus recommendation of "Buy" from the ten research firms that are presently covering the firm, MarketBeat.com reports. Seven equities research analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company.

Several brokerages recently commented on ADYEY. KeyCorp raised shares of Adyen to a "strong-buy" rating in a research report on Friday, January 23rd. Wolfe Research raised shares of Adyen from a "hold" rating to an "outperform" rating in a report on Thursday, January 8th. Cantor Fitzgerald initiated coverage on shares of Adyen in a research note on Monday, January 26th. They issued an "overweight" rating on the stock. Finally, Morgan Stanley reiterated an "overweight" rating on shares of Adyen in a report on Friday, January 9th.

Adyen Stock Performance

Shares of OTCMKTS:ADYEY opened at $9.77 on Tuesday. The business has a fifty day moving average price of $12.20 and a 200-day moving average price of $14.83. Adyen has a 1-year low of $9.69 and a 1-year high of $19.94.

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.

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