Adyen N.V. Unsponsored ADR (OTCMKTS:ADYEY) Stock Rated “Moderate Buy” by Wall Street Brokerages

Shares of Adyen N.V. Unsponsored ADR (OTCMKTS:ADYEY) have been assigned an average rating of “Moderate Buy” from the twelve brokerages that are presently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation, nine have assigned a buy recommendation and one has issued a strong buy recommendation on the company.

ADYEY has been the topic of several recent analyst reports. BNP Paribas Exane cut Adyen to a “neutral” rating in a research note on Monday, June 1st. Scotiabank initiated coverage on shares of Adyen in a research note on Wednesday, September 2nd. They issued an “outperform” rating for the company. BMO Capital Markets reiterated an “outperform” rating on shares of Adyen in a report on Friday, August 14th. Wolfe Research reissued an “outperform” rating on shares of Adyen in a research report on Tuesday, August 25th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Adyen in a report on Friday, August 14th.

Adyen Stock Down 0.6%

Shares of OTCMKTS:ADYEY opened at $9.65 on Tuesday. The business’s 50 day moving average is $10.93 and its 200 day moving average is $10.52. Adyen has a 12-month low of $8.93 and a 12-month high of $18.34.

About Adyen

Adyen N.V. is a Netherlands-based financial technology company that provides a global payments platform for businesses. Founded in Amsterdam in 2006 by Pieter van der Does and Ingo Uytdehaage, the company enables merchants to accept and process payments through a single technology platform.

Adyen’s services support online, mobile and in-person transactions, with access to payment methods, card acquiring and local payment infrastructure in markets around the world. Its platform also includes tools for payment optimization, fraud prevention, risk management and transaction data analysis.

In addition to payment processing, Adyen offers embedded financial products such as issuing and business accounts, allowing companies to create payment cards and provide financial services to their users or employees.