Adyen (OTCMKTS:ADYEY) Shares Gap Up - Should You Buy?

Key Points

• Adyen shares experienced a significant gap up, opening at $16.89 after closing at $16.03, with a trading volume of 40,940 shares.
• Analysts' ratings for Adyen are mixed, with two calling it a Strong Buy, three a Buy, and one a Hold, leading to a consensus rating of "Buy".
• The company's stock has a 50-day moving average of $16.66 and a 200-day moving average of $17.10, indicating general volatility in its recent performance.

Shares of Adyen N.V. Unsponsored ADR (OTCMKTS:ADYEY - Get Free Report) gapped up before the market opened on Thursday . The stock had previously closed at $16.03, but opened at $16.89. Adyen shares last traded at $16.86, with a volume of 40,940 shares trading hands.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on ADYEY shares. Wolfe Research lowered Adyen from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, July 22nd. Monness Crespi & Hardt reaffirmed a "buy" rating on shares of Adyen in a report on Friday, August 15th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of Adyen in a research note on Friday, August 15th. Two investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, Adyen presently has a consensus rating of "Buy".

Adyen Stock Performance

The firm's 50 day moving average is $16.66 and its two-hundred day moving average is $17.10.

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.

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