Adyen (OTCMKTS:ADYEY) Shares Gap Down - Time to Sell?

Key Points

• Adyen shares gapped down significantly, opening at $15.50 after a previous close of $17.21, indicating a steep decline in market sentiment.
• Several analysts have mixed ratings on Adyen, with Truist Financial upgrading it to a "strong-buy," while Wolfe Research downgraded it to a "hold."
• The company's stock is currently trading at approximately $15.80, reflecting a 6.6% drop and is below its 50-day moving average of $18.12.

Shares of Adyen N.V. Unsponsored ADR (OTCMKTS:ADYEY - Get Free Report) gapped down before the market opened on Thursday . The stock had previously closed at $17.21, but opened at $15.50. Adyen shares last traded at $15.80, with a volume of 258,127 shares.

Analysts Set New Price Targets

A number of research analysts have issued reports on ADYEY shares. Monness Crespi & Hardt reaffirmed a "buy" rating on shares of Adyen in a report on Friday. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of Adyen in a research note on Friday. Wolfe Research lowered Adyen from a "strong-buy" rating to a "hold" rating in a report on Tuesday, July 22nd. Finally, Truist Financial raised Adyen to a "strong-buy" rating in a research note on Monday, June 2nd. Two research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Buy".

Adyen Price Performance

The stock has a 50-day moving average price of $17.94 and a 200 day moving average price of $17.36.

Adyen Company Profile

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.