Renaissance Capital assumed coverage on shares of Jumia Technologies (NYSE:JMIA) in a research report report published on Thursday morning, The Fly reports. The brokerage issued a sell rating and a $3.50 target price on the stock.

Other analysts have also recently issued research reports about the stock. ValuEngine cut shares of Jumia Technologies from a buy rating to a hold rating in a report on Wednesday, September 4th. Raymond James decreased their price objective on shares of Jumia Technologies from $23.00 to $8.00 and set an outperform rating for the company in a report on Wednesday, November 13th. Stifel Nicolaus restated a buy rating and issued a $14.00 price objective on shares of Jumia Technologies in a report on Friday, November 1st. Morgan Stanley raised shares of Jumia Technologies from an underweight rating to an equal weight rating and dropped their target price for the stock from $22.00 to $13.00 in a research report on Tuesday, August 20th. Finally, Zacks Investment Research raised shares of Jumia Technologies from a hold rating to a buy rating and set a $6.25 target price on the stock in a research note on Tuesday, November 19th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company. The company presently has an average rating of Hold and an average price target of $19.09.

Shares of Jumia Technologies stock opened at $5.85 on Thursday. The business has a 50 day moving average of $6.24 and a 200 day moving average of $14.49. Jumia Technologies has a 52 week low of $4.94 and a 52 week high of $49.77. The company has a debt-to-equity ratio of 0.03, a quick ratio of 3.13 and a current ratio of 3.23.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Tenzing Global Management LLC lifted its position in Jumia Technologies by 100.0% during the 3rd quarter. Tenzing Global Management LLC now owns 40,000 shares of the company’s stock valued at $317,000 after acquiring an additional 20,000 shares during the period. Stifel Financial Corp lifted its holdings in shares of Jumia Technologies by 70.4% during the third quarter. Stifel Financial Corp now owns 14,664 shares of the company’s stock valued at $123,000 after purchasing an additional 6,056 shares during the last quarter. Tower Research Capital LLC TRC bought a new stake in shares of Jumia Technologies in the 3rd quarter worth approximately $89,000. SG Americas Securities LLC bought a new stake in shares of Jumia Technologies in the 3rd quarter worth approximately $160,000. Finally, Harbour Capital Advisors LLC grew its stake in shares of Jumia Technologies by 63.8% in the 3rd quarter. Harbour Capital Advisors LLC now owns 24,805 shares of the company’s stock worth $197,000 after buying an additional 9,665 shares during the last quarter. Institutional investors own 15.87% of the company’s stock.

Jumia Technologies Company Profile

Jumia Technologies AG operates an e-commerce platform in Africa. The company's platform consists of marketplace, which connects sellers with consumers; logistics service that enables the shipment and delivery of packages from sellers to consumers; and payment service, which facilitates transactions to participants active on the company's platform in selected markets.

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Analyst Recommendations for Jumia Technologies (NYSE:JMIA)

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