Adyen (OTCMKTS:ADYEY) Shares Down 7% – What’s Next?

Adyen N.V. Unsponsored ADR (OTCMKTS:ADYEY)’s stock price was down 7% on Monday . The stock traded as low as $9.54 and last traded at $9.6375. Approximately 94,577 shares traded hands during mid-day trading, a decline of 95% from the average daily volume of 1,723,564 shares. The stock had previously closed at $10.36.

Analysts Set New Price Targets

ADYEY has been the subject of a number of recent research reports. BMO Capital Markets initiated coverage on shares of Adyen in a research note on Tuesday, April 21st. They set an “outperform” rating for the company. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Adyen in a research note on Monday, April 27th. Monness Crespi & Hardt reissued a “buy” rating on shares of Adyen in a report on Wednesday, May 6th. BNP Paribas Exane downgraded shares of Adyen to a “neutral” rating in a report on Monday, June 1st. Finally, Jefferies Financial Group reissued a “buy” rating on shares of Adyen in a report on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy”.

Adyen Stock Performance

The business’s 50-day simple moving average is $10.67 and its 200 day simple moving average is $12.88.

About Adyen

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.