Jumia Technologies (NYSE:JMIA) Given Average Recommendation of “Moderate Buy” by Analysts

Jumia Technologies (NYSE:JMIA) has been assigned a consensus recommendation of “Moderate Buy” from the five research firms that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation and four have issued a buy recommendation on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $14.40.

Several brokerages have recently weighed in on JMIA. Benchmark restated a “buy” rating on shares of Jumia Technologies in a research note on Thursday, August 13th. Wall Street Zen lowered shares of Jumia Technologies from a “hold” rating to a “sell” rating in a report on Sunday, July 12th. Weiss Ratings reissued a “sell (e+)” rating on shares of Jumia Technologies in a research report on Friday, July 17th. Royal Bank Of Canada lowered their target price on Jumia Technologies from $15.00 to $13.00 and set an “outperform” rating for the company in a research note on Thursday, August 13th. Finally, Craig Hallum reaffirmed a “buy” rating and set a $12.00 target price on shares of Jumia Technologies in a research report on Thursday, August 13th.

Hedge Funds Weigh In On Jumia Technologies

A number of institutional investors have recently made changes to their positions in JMIA. Caitong International Asset Management Co. Ltd increased its position in shares of Jumia Technologies by 2,066.7% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 3,770 shares of the company’s stock worth $47,000 after purchasing an additional 3,596 shares during the last quarter. Jump Financial LLC bought a new position in shares of Jumia Technologies during the second quarter worth about $49,000. The Manufacturers Life Insurance Company bought a new position in shares of Jumia Technologies during the second quarter worth about $50,000. EverSource Wealth Advisors LLC grew its stake in Jumia Technologies by 77.3% in the first 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 in the last quarter. Finally, Kestra Advisory Services LLC acquired a new position in shares of Jumia Technologies in the 4th quarter worth approximately $54,000. 16.50% of the stock is owned by institutional investors and hedge funds.

Jumia Technologies Stock Performance

JMIA opened at $6.94 on Monday. The firm’s 50 day moving average is $6.46 and its 200-day moving average is $7.13. Jumia Technologies has a 52-week low of $5.69 and a 52-week high of $14.72. The company has a current ratio of 0.88, a quick ratio of 0.77 and a debt-to-equity ratio of 25.80.

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.