Jumia Technologies (NYSE:JMIA) Receives Average Rating of “Moderate Buy” from Brokerages

Jumia Technologies (NYSE:JMIA) has earned an average rating of “Moderate Buy” from the five analysts that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation and four have given a buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $14.40.

Several equities research analysts have issued reports on the stock. Royal Bank Of Canada dropped their target price on shares of Jumia Technologies from $15.00 to $13.00 and set an “outperform” rating for the company in a research report on Thursday, August 13th. Cantor Fitzgerald decreased their price objective on Jumia Technologies from $16.00 to $11.00 and set an “overweight” rating on the stock in a report on Thursday, August 13th. Benchmark reissued a “buy” rating on shares of Jumia Technologies in a research report on Thursday, August 13th. Craig Hallum reiterated a “buy” rating and issued a $12.00 price objective on shares of Jumia Technologies in a research report on Thursday, August 13th. Finally, Wall Street Zen downgraded shares of Jumia Technologies from a “hold” rating to a “sell” rating in a research note on Sunday, July 12th.

Jumia Technologies Trading Up 0.2%

Jumia Technologies stock opened at $6.71 on Friday. The firm’s fifty day moving average price is $6.62 and its 200-day moving average price is $6.90. Jumia Technologies has a fifty-two week low of $5.69 and a fifty-two week high of $14.72. The company has a quick ratio of 0.77, a current ratio of 0.88 and a debt-to-equity ratio of 25.80.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of JMIA. EverSource Wealth Advisors LLC boosted its position 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 during the last quarter. Caitong International Asset Management Co. Ltd increased its stake in Jumia Technologies by 4,479.9% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 7,969 shares of the company’s stock worth $100,000 after buying an additional 7,795 shares in the last quarter. Clay Northam Wealth Management LLC bought a new stake in Jumia Technologies during the 1st quarter valued at approximately $71,000. Integrated Wealth Concepts LLC bought a new stake in shares of Jumia Technologies during the second quarter valued at approximately $91,000. Finally, Pinnacle Wealth Management Advisory Group LLC purchased a new stake in Jumia Technologies in the 1st quarter worth $101,000. Hedge funds and other institutional investors own 16.50% of the company’s stock.

Jumia Technologies Company Profile

Jumia Technologies N.V. is an e-commerce company focused on connecting consumers and sellers across Africa. Through its online marketplace and mobile applications, the company offers products such as consumer electronics, fashion, beauty and personal-care items, home goods, groceries and other everyday merchandise from local and international merchants.

Jumia also provides services that support online commerce, including logistics and delivery solutions designed to help merchants reach customers in markets where distribution infrastructure can be challenging.