Jumia Technologies (NYSE:JMIA) Trading Up 0.1% – Here’s What Happened

Shares of Jumia Technologies (NYSE:JMIA) were up 0.1% during trading on Monday . The company traded as high as $7.14 and last traded at $6.96. Approximately 1,465,092 shares were traded during trading, a decline of 8% from the average session volume of 1,591,981 shares. The stock had previously closed at $6.95.

Wall Street Analysts Forecast Growth

JMIA has been the subject of a number of recent research reports. 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. Benchmark restated a “buy” rating on shares of Jumia Technologies in a research report on Thursday, August 13th. Royal Bank Of Canada cut their price target on Jumia Technologies from $15.00 to $13.00 and set an “outperform” rating for the company in a report on Thursday, August 13th. Wall Street Zen cut Jumia Technologies from a “hold” rating to a “sell” rating in a research report on Sunday, July 12th. Finally, Cantor Fitzgerald decreased their price objective 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. Four investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $14.40.

Jumia Technologies Stock Performance

The company has a quick ratio of 0.77, a current ratio of 0.88 and a debt-to-equity ratio of 25.80. The company’s 50 day simple moving average is $6.60 and its 200-day simple moving average is $6.93.

Institutional Investors Weigh In On Jumia Technologies

Several large investors have recently added to or reduced their stakes in JMIA. Key Client Fiduciary Advisors LLC raised its holdings in shares of Jumia Technologies by 9.4% during the second quarter. Key Client Fiduciary Advisors LLC now owns 19,164 shares of the company’s stock valued at $135,000 after acquiring an additional 1,648 shares in the last quarter. Boston Standard Wealth Management LLC increased its position in Jumia Technologies by 9.4% during the 1st quarter. Boston Standard Wealth Management LLC now owns 20,892 shares of the company’s stock valued at $144,000 after purchasing an additional 1,800 shares during the period. International Assets Investment Management LLC increased its position in Jumia Technologies by 9.5% during the 1st quarter. International Assets Investment Management LLC now owns 23,150 shares of the company’s stock valued at $161,000 after purchasing an additional 2,000 shares during the period. Clay Northam Wealth Management LLC raised its holdings in Jumia Technologies by 29.3% in the 2nd quarter. Clay Northam Wealth Management LLC now owns 13,250 shares of the company’s stock worth $93,000 after purchasing an additional 3,000 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its position in shares of Jumia Technologies by 77.3% in the 1st 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. Institutional investors own 16.50% of the company’s stock.

About Jumia Technologies

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.