Jumia Technologies (NYSE:JMIA) Stock Gets Price Target Trim from Cantor Fitzgerald

Jumia Technologies (NYSE:JMIA) had its price target lowered by Cantor Fitzgerald from $11.00 to $9.00 in a report issued on Monday, Marketbeat reports. Cantor Fitzgerald currently has an overweight rating on the stock.

A number of other equities research analysts have also recently commented on JMIA. Weiss Ratings reiterated a “sell (e+)” rating on shares of Jumia Technologies in a research note on Thursday, October 15th. Wall Street Zen lowered shares of Jumia Technologies from a “hold” rating to a “sell” rating in a research report on Sunday, July 12th. Benchmark restated a “buy” rating on shares of Jumia Technologies in a research report on Thursday, August 13th. Craig Hallum restated a “buy” rating and set a $12.00 price objective on shares of Jumia Technologies in a report on Thursday, August 13th. Finally, Royal Bank Of Canada lowered their price objective on shares of Jumia Technologies from $15.00 to $13.00 and set an “outperform” rating on the stock in a research report on Thursday, August 13th. Four investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $14.00.

Jumia Technologies Trading Up 2.8%

JMIA stock opened at $5.96 on Monday. The company has a debt-to-equity ratio of 25.80, a current ratio of 0.88 and a quick ratio of 0.77. The stock’s fifty day simple moving average is $6.73 and its two-hundred day simple moving average is $6.82. Jumia Technologies has a 1-year low of $5.59 and a 1-year high of $14.72.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Walleye Capital LLC grew its stake in shares of Jumia Technologies by 1,852.2% during the 1st quarter. Walleye Capital LLC now owns 254,053 shares of the company’s stock worth $1,753,000 after acquiring an additional 268,552 shares during the period. Cannell & Spears LLC raised its stake in Jumia Technologies by 142.5% in the 1st quarter. Cannell & Spears LLC now owns 97,000 shares of the company’s stock valued at $669,000 after acquiring an additional 57,000 shares during the period. Cetera Investment Advisers raised its stake in Jumia Technologies by 159.4% in the 1st quarter. Cetera Investment Advisers now owns 57,985 shares of the company’s stock valued at $400,000 after acquiring an additional 35,635 shares during the period. RFG Advisory LLC raised its stake in Jumia Technologies by 197.2% in the 1st quarter. RFG Advisory LLC now owns 30,969 shares of the company’s stock valued at $214,000 after acquiring an additional 20,548 shares during the period. Finally, IPG Investment Advisors LLC purchased a new stake in Jumia Technologies during the second quarter valued at about $116,000. Hedge funds and other institutional investors own 16.50% of the company’s stock.

About Jumia Technologies

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.