Jumia Technologies (NYSE:JMIA) Stock Has Average Price Target of $14.00

Jumia Technologies (NYSE:JMIA) has earned a consensus rating of “Moderate Buy” from the five brokerages that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation and four have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $14.00.

JMIA has been the topic of a number of research reports. Cantor Fitzgerald lowered their price objective on Jumia Technologies from $11.00 to $9.00 and set an “overweight” rating on the stock in a research note on Monday. Benchmark restated a “buy” rating on shares of Jumia Technologies in a research note on Thursday, August 13th. Wall Street Zen downgraded shares of Jumia Technologies from a “hold” rating to a “sell” rating in a report on Sunday, July 12th. Craig Hallum reiterated a “buy” rating and issued a $12.00 price objective on shares of Jumia Technologies in a research note on Thursday, August 13th. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of Jumia Technologies in a research note on Thursday, October 15th.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. EverSource Wealth Advisors LLC increased its holdings in shares of Jumia Technologies by 77.3% in the first quarter. EverSource Wealth Advisors LLC now owns 7,388 shares of the company’s stock worth $51,000 after purchasing an additional 3,221 shares during the period. Caitong International Asset Management Co. Ltd raised its position in shares of Jumia Technologies by 4,479.9% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 7,969 shares of the company’s stock worth $100,000 after buying an additional 7,795 shares in the last quarter. GAMMA Investing LLC boosted its stake in Jumia Technologies by 27.9% during the third quarter. GAMMA Investing LLC now owns 10,006 shares of the company’s stock valued at $67,000 after buying an additional 2,183 shares during the period. Clay Northam Wealth Management LLC bought a new stake in Jumia Technologies during the first quarter valued at $71,000. Finally, Integrated Wealth Concepts LLC bought a new stake in Jumia Technologies during the second quarter valued at $91,000. 16.50% of the stock is currently owned by hedge funds and other institutional investors.

Jumia Technologies Trading Down 0.6%

Jumia Technologies stock opened at $5.93 on Tuesday. The business’s 50 day simple moving average is $6.72 and its 200 day simple moving average is $6.82. Jumia Technologies has a 12 month low of $5.59 and a 12 month high of $14.72. The company has a current ratio of 0.88, a quick ratio of 0.77 and a debt-to-equity ratio of 25.80.

About Jumia Technologies

Jumia Technologies AG is an e-commerce company focused on serving consumers and businesses in Africa. Through its online marketplace, the company offers products across categories such as electronics, mobile phones, home goods, fashion, beauty and personal care, groceries, and other everyday essentials. Jumia connects customers with third-party sellers and brands, supporting product discovery, ordering, payment, and delivery.

The company also provides logistics services that facilitate deliveries for orders placed on its platform and, in some markets, for external merchants.