Jumia Technologies (NYSE:JMIA) Receives $17.00 Average Target Price from Analysts

Shares of Jumia Technologies (NYSE:JMIA) have been assigned a consensus recommendation of “Moderate Buy” from the five research firms that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation and four have given a buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $17.00.

A number of research analysts have issued reports on JMIA shares. Weiss Ratings reissued a “sell (e+)” rating on shares of Jumia Technologies in a research note on Friday, July 17th. Wall Street Zen cut Jumia Technologies from a “hold” rating to a “sell” rating in a report on Sunday, July 12th.

Insider Buying and Selling

In other Jumia Technologies news, EVP Antoine Maillet-Mezeray sold 20,000 shares of Jumia Technologies stock in a transaction on Monday, May 18th. The stock was sold at an average price of $7.09, for a total transaction of $141,800.00. Following the sale, the executive vice president owned 279,992 shares of the company’s stock, valued at $1,985,143.28. The trade was a 6.67% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.90% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Jumia Technologies

A number of hedge funds and other institutional investors have recently modified their holdings of JMIA. Barclays PLC lifted its holdings in shares of Jumia Technologies by 7.9% during the fourth quarter. Barclays PLC now owns 20,500 shares of the company’s stock valued at $256,000 after purchasing an additional 1,500 shares during the last quarter. GSA Capital Partners LLP increased its stake in Jumia Technologies by 2.1% in the 4th quarter. GSA Capital Partners LLP now owns 74,392 shares of the company’s stock worth $929,000 after purchasing an additional 1,513 shares in the last quarter. Key Client Fiduciary Advisors LLC increased its stake in Jumia Technologies by 9.4% in the 2nd quarter. Key Client Fiduciary Advisors LLC now owns 19,164 shares of the company’s stock worth $135,000 after purchasing an additional 1,648 shares in the last quarter. Boston Standard Wealth Management LLC raised its holdings 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 worth $144,000 after buying an additional 1,800 shares during the period. Finally, International Assets Investment Management LLC raised its holdings 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 worth $161,000 after buying an additional 2,000 shares during the period. 16.50% of the stock is currently owned by institutional investors.

Jumia Technologies Trading Down 3.6%

Shares of JMIA opened at $5.97 on Thursday. The firm has a fifty day moving average of $6.59 and a 200-day moving average of $7.71. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.02 and a quick ratio of 0.93. Jumia Technologies has a 1 year low of $5.69 and a 1 year high of $14.72.

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.