Antoine Maillet-Mezeray Sells 20,000 Shares of Jumia Technologies (NYSE:JMIA) Stock

Jumia Technologies (NYSE:JMIA) EVP Antoine Maillet-Mezeray sold 20,000 shares of the company’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $7.09, for a total transaction of $141,800.00. Following the completion of the sale, the executive vice president directly owned 279,992 shares in the company, valued at approximately $1,985,143.28. The trade was a 6.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

Jumia Technologies Price Performance

Shares of JMIA stock traded up $0.01 on Wednesday, reaching $6.90. The stock had a trading volume of 1,457,223 shares, compared to its average volume of 2,455,341. The company has a quick ratio of 0.93, a current ratio of 1.02 and a debt-to-equity ratio of 0.53. The firm’s 50-day moving average is $7.22 and its two-hundred day moving average is $9.92. Jumia Technologies has a 12 month low of $2.88 and a 12 month high of $14.72.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. one8zero8 LLC bought a new position in Jumia Technologies in the 3rd quarter valued at about $1,611,000. SBI Securities Co. Ltd. increased its holdings in shares of Jumia Technologies by 18.1% during the third quarter. SBI Securities Co. Ltd. now owns 465,846 shares of the company’s stock worth $5,408,000 after purchasing an additional 71,254 shares during the period. Samalin Investment Counsel LLC bought a new position in shares of Jumia Technologies during the fourth quarter worth approximately $153,000. Exchange Traded Concepts LLC bought a new position in shares of Jumia Technologies during the fourth quarter worth approximately $698,000. Finally, QP Wealth Management LLC bought a new position in shares of Jumia Technologies during the fourth quarter worth approximately $513,000. 16.50% of the stock is owned by institutional investors.

Analysts Set New Price Targets

JMIA has been the topic of a number of research analyst reports. Craig Hallum reaffirmed a “buy” rating on shares of Jumia Technologies in a report on Tuesday, March 10th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Jumia Technologies in a report on Tuesday, April 21st. Cantor Fitzgerald set a $16.00 target price on shares of Jumia Technologies in a report on Wednesday, February 11th. Finally, New Street Research set a $18.00 target price on shares of Jumia Technologies in a report on Tuesday, March 10th. Four research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Jumia Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $17.00.

About Jumia Technologies

Jumia Technologies AG (NYSE: JMIA) operates as a leading e-commerce and technology platform in Africa, facilitating online retail, logistics and digital payments. The company’s marketplace connects millions of consumers with a diverse array of sellers offering electronics, fashion, home goods, groceries and more. Beyond its core retail services, Jumia has developed JumiaPay, a payment solution that enables secure transactions both on and off its platform, and Jumia Logistics, which provides end-to-end delivery and fulfillment support across the continent.

Jumia serves a broad geographic footprint in Africa, with operations in key markets such as Nigeria, Egypt, Kenya, Morocco, Ghana, Côte d’Ivoire, Uganda, Tunisia and South Africa.