Adyen (OTCMKTS:ADYEY) Shares Up 7.7% – Should You Buy?

Adyen N.V. Unsponsored ADR (OTCMKTS:ADYEY)’s stock price rose 7.7% on Tuesday . The company traded as high as $10.25 and last traded at $10.21. 301,000 shares changed hands during mid-day trading, a decline of 84% from the average daily volume of 1,932,245 shares. The stock had previously closed at $9.48.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Monness Crespi & Hardt reiterated a “buy” rating on shares of Adyen in a research report on Wednesday, May 6th. BMO Capital Markets assumed coverage on shares of Adyen in a report on Tuesday, April 21st. They set an “outperform” rating on the stock. Loop Capital initiated coverage on shares of Adyen in a research report on Wednesday, July 15th. They issued a “hold” rating for the company. Jefferies Financial Group reaffirmed a “buy” rating on shares of Adyen in a research note on Monday, May 4th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Adyen in a research report on Thursday. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Adyen Stock Performance

The business has a 50-day moving average price of $9.87 and a two-hundred day moving average price of $11.31.

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.