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Adyen (OTCMKTS:ADYEY) Stock Price Up 0.1% - Here's Why

Adyen logo with Computer and Technology background

Shares of Adyen N.V. Unsponsored ADR (OTCMKTS:ADYEY - Get Free Report) shot up 0.1% during mid-day trading on Monday . The stock traded as high as $18.27 and last traded at $18.13. 735,510 shares traded hands during trading, an increase of 3% from the average session volume of 717,503 shares. The stock had previously closed at $18.11.

Analysts Set New Price Targets

A number of research firms recently issued reports on ADYEY. Monness Crespi & Hardt reissued a "buy" rating on shares of Adyen in a report on Friday, May 2nd. Truist Financial raised Adyen to a "strong-buy" rating in a report on Monday, June 2nd. Finally, Evercore ISI raised Adyen to a "strong-buy" rating in a report on Tuesday, April 8th. Two research analysts have rated the stock with a buy rating and four have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Strong Buy".

View Our Latest Research Report on ADYEY

Adyen Stock Performance

The stock's 50-day moving average price is $18.44 and its 200-day moving average price is $17.14.

About Adyen

(Get Free Report)

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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