Analysts Set Jumia Technologies (NYSE:JMIA) PT at $17.00

Shares of Jumia Technologies (NYSE:JMIA) have been assigned an average rating of “Moderate Buy” from the five brokerages that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation and four have issued a buy recommendation on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $17.00.

Several equities research analysts recently commented on the company. Wall Street Zen downgraded Jumia Technologies from a “hold” rating to a “sell” rating in a report on Sunday, July 12th. Weiss Ratings restated a “sell (e+)” rating on shares of Jumia Technologies in a report on Tuesday, April 21st.

Insider Buying and Selling at Jumia Technologies

In other news, EVP Antoine Maillet-Mezeray sold 20,000 shares of the company’s stock in a transaction on Monday, May 18th. The shares were sold at an average price of $7.09, for a total value of $141,800.00. Following the completion of the transaction, the executive vice president directly owned 279,992 shares in the company, valued at approximately $1,985,143.28. This represents a 6.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.90% of the company’s stock.

Institutional Investors Weigh In On Jumia Technologies

Several hedge funds and other institutional investors have recently added to or reduced their stakes in JMIA. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Jumia Technologies by 40.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 66,172 shares of the company’s stock worth $142,000 after buying an additional 19,072 shares in the last quarter. Cetera Investment Advisers lifted its stake in shares of Jumia Technologies by 23.9% in the second quarter. Cetera Investment Advisers now owns 25,857 shares of the company’s stock worth $104,000 after acquiring an additional 4,995 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Jumia Technologies by 58,116.1% in the second quarter. JPMorgan Chase & Co. now owns 224,714 shares of the company’s stock worth $903,000 after acquiring an additional 224,328 shares in the last quarter. XTX Topco Ltd purchased a new position in Jumia Technologies in the second quarter valued at about $91,000. Finally, Jump Financial LLC purchased a new position in Jumia Technologies in the second quarter valued at about $49,000. Hedge funds and other institutional investors own 16.50% of the company’s stock.

Jumia Technologies Trading Down 4.9%

Shares of JMIA opened at $6.51 on Friday. The stock’s 50-day moving average is $7.01 and its two-hundred day moving average is $8.57. Jumia Technologies has a 12 month low of $4.36 and a 12 month high of $14.72. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.93 and a current ratio of 1.02.

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.