Jumia Technologies (NYSE:JMIA) Stock Now Rated “Moderate Buy” by Sell-Side Brokerages

Shares of Jumia Technologies (NYSE:JMIA) have received an average rating of “Moderate Buy” from the five analysts that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation and four have given a buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $14.40.

Several research analysts have issued reports on JMIA shares. Weiss Ratings reissued a “sell (e+)” rating on shares of Jumia Technologies in a research report on Friday, July 17th. Benchmark reaffirmed a “buy” rating on shares of Jumia Technologies in a research report on Thursday, August 13th. Cantor Fitzgerald lowered their price objective on shares of Jumia Technologies from $16.00 to $11.00 and set an “overweight” rating on the stock in a research note on Thursday, August 13th. Craig Hallum reissued a “buy” rating and issued a $12.00 price objective on shares of Jumia Technologies in a report on Thursday, August 13th. Finally, Royal Bank Of Canada cut their target price on shares of Jumia Technologies from $15.00 to $13.00 and set an “outperform” rating for the company in a research report on Thursday, August 13th.

Hedge Funds Weigh In On Jumia Technologies

A number of institutional investors have recently bought and sold shares of JMIA. Key Client Fiduciary Advisors LLC raised its stake in shares of Jumia Technologies by 9.4% in the second quarter. Key Client Fiduciary Advisors LLC now owns 19,164 shares of the company’s stock worth $135,000 after buying an additional 1,648 shares during the period. EverSource Wealth Advisors LLC lifted its position in shares of Jumia Technologies by 77.3% during the 1st quarter. EverSource Wealth Advisors LLC now owns 7,388 shares of the company’s stock valued at $51,000 after buying an additional 3,221 shares in the last quarter. Cannell & Spears LLC grew its stake in shares of Jumia Technologies by 142.5% during the 1st quarter. Cannell & Spears LLC now owns 97,000 shares of the company’s stock valued at $669,000 after acquiring an additional 57,000 shares during the period. Walleye Capital LLC grew its stake in shares of Jumia Technologies by 1,852.2% during the 1st quarter. Walleye Capital LLC now owns 254,053 shares of the company’s stock valued at $1,753,000 after acquiring an additional 268,552 shares during the period. Finally, International Assets Investment Management LLC increased its holdings in Jumia Technologies by 9.5% in the 1st quarter. International Assets Investment Management LLC now owns 23,150 shares of the company’s stock worth $161,000 after acquiring an additional 2,000 shares in the last quarter. 16.50% of the stock is owned by institutional investors.

Jumia Technologies Stock Up 4.7%

NYSE JMIA opened at $6.96 on Friday. Jumia Technologies has a 1-year low of $5.69 and a 1-year high of $14.72. The company has a debt-to-equity ratio of 25.80, a current ratio of 0.88 and a quick ratio of 0.77. The business’s fifty day moving average price is $6.66 and its 200-day moving average price is $6.89.

Jumia Technologies Company Profile

Jumia Technologies N.V. is an e-commerce company focused on connecting consumers and sellers across Africa. Through its online marketplace and mobile applications, the company offers products such as consumer electronics, fashion, beauty and personal-care items, home goods, groceries and other everyday merchandise from local and international merchants.

Jumia also provides services that support online commerce, including logistics and delivery solutions designed to help merchants reach customers in markets where distribution infrastructure can be challenging.