Jumia Technologies (NYSE:JMIA) Stock Rated “Moderate Buy” by Sell-Side Analysts

Shares of Jumia Technologies (NYSE:JMIA) have received a consensus recommendation of “Moderate Buy” from the six brokerages that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $14.00.

JMIA has been the topic of several analyst reports. Cantor Fitzgerald lowered their target price on shares of Jumia Technologies from $11.00 to $9.00 and set an “overweight” rating on the stock in a report on Monday, October 19th. Wall Street Zen cut shares of Jumia Technologies from a “hold” rating to a “sell” rating in a report on Sunday, July 12th. Royal Bank Of Canada cut their price target on shares of Jumia Technologies from $15.00 to $13.00 and set an “outperform” rating for the company in a report on Thursday, August 13th. Benchmark restated a “buy” rating on shares of Jumia Technologies in a research report on Thursday, August 13th. Finally, Craig Hallum reaffirmed a “buy” rating and issued a $12.00 price objective on shares of Jumia Technologies in a report on Thursday, August 13th.

Jumia Technologies Price Performance

Shares of JMIA opened at $5.70 on Tuesday. The company has a debt-to-equity ratio of 25.80, a current ratio of 0.88 and a quick ratio of 0.77. Jumia Technologies has a 1 year low of $5.56 and a 1 year high of $14.72. The company’s fifty day moving average is $6.69 and its two-hundred day moving average is $7.73.

Institutional Trading of Jumia Technologies

Several hedge funds have recently modified their holdings of JMIA. Clay Northam Wealth Management LLC raised its position in Jumia Technologies by 62.3% in the third quarter. Clay Northam Wealth Management LLC now owns 21,500 shares of the company’s stock worth $143,000 after acquiring an additional 8,250 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Jumia Technologies by 27.9% during the 3rd quarter. GAMMA Investing LLC now owns 10,006 shares of the company’s stock worth $67,000 after purchasing an additional 2,183 shares in the last quarter. Boston Standard Wealth Management LLC boosted its position in shares of Jumia Technologies by 11.9% during the 3rd quarter. Boston Standard Wealth Management LLC now owns 23,584 shares of the company’s stock worth $157,000 after purchasing an additional 2,500 shares in the last quarter. Tidal Investments LLC grew its stake in shares of Jumia Technologies by 32.7% during the 2nd quarter. Tidal Investments LLC now owns 22,753 shares of the company’s stock worth $160,000 after purchasing an additional 5,610 shares during the period. Finally, IPG Investment Advisors LLC acquired a new position in shares of Jumia Technologies during the 2nd quarter worth $116,000. 16.50% of the stock is owned by institutional investors and hedge funds.

Jumia Technologies Company Profile

Jumia Technologies AG is an e-commerce company focused on serving consumers and businesses in Africa. Through its online marketplace, the company offers products across categories such as electronics, mobile phones, home goods, fashion, beauty and personal care, groceries, and other everyday essentials. Jumia connects customers with third-party sellers and brands, supporting product discovery, ordering, payment, and delivery.

The company also provides logistics services that facilitate deliveries for orders placed on its platform and, in some markets, for external merchants.