Analysts Set Jumia Technologies (NYSE:JMIA) PT at $14.40

Jumia Technologies (NYSE:JMIA) has been assigned an average recommendation of “Moderate Buy” from the five analysts that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation and four have issued a buy recommendation on the company. The average 12 month target price among analysts that have covered the stock in the last year is $14.40.

Several equities analysts recently commented on the stock. Royal Bank Of Canada cut their price target on shares of Jumia Technologies from $15.00 to $13.00 and set an “outperform” rating on the stock in a report on Thursday, August 13th. Cantor Fitzgerald cut their target price on Jumia Technologies from $16.00 to $11.00 and set an “overweight” rating on the stock in a research note on Thursday, August 13th. Weiss Ratings reissued a “sell (e+)” rating on shares of Jumia Technologies in a research note on Friday, July 17th. Benchmark restated a “buy” rating on shares of Jumia Technologies in a report on Thursday, August 13th. Finally, Wall Street Zen lowered Jumia Technologies from a “hold” rating to a “sell” rating in a research note on Sunday, July 12th.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in JMIA. Caitong International Asset Management Co. Ltd grew its stake in Jumia Technologies by 2,066.7% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 3,770 shares of the company’s stock worth $47,000 after acquiring an additional 3,596 shares in the last quarter. Kestra Advisory Services LLC bought a new stake in Jumia Technologies during the 4th quarter valued at $54,000. EverSource Wealth Advisors LLC grew 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 worth $51,000 after buying an additional 3,221 shares in the last quarter. Federation des caisses Desjardins du Quebec lifted its stake in Jumia Technologies by 29.3% in the fourth quarter. Federation des caisses Desjardins du Quebec now owns 9,797 shares of the company’s stock worth $122,000 after acquiring an additional 2,220 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new position in Jumia Technologies during the 4th quarter worth about $128,000. Hedge funds and other institutional investors own 16.50% of the company’s stock.

Jumia Technologies Trading Up 2.8%

JMIA stock opened at $7.31 on Monday. Jumia Technologies has a twelve month low of $5.69 and a twelve 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. The firm’s fifty day simple moving average is $6.53 and its two-hundred day simple moving average is $7.06.

Jumia Technologies Company Profile

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.