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

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

A number of equities research analysts have issued reports on the stock. Weiss Ratings reissued a “sell (e+)” rating on shares of Jumia Technologies in a report on Tuesday, April 21st. Wall Street Zen lowered Jumia Technologies from a “hold” rating to a “sell” rating in a report on Sunday.

Jumia Technologies Price Performance

NYSE JMIA opened at $6.87 on Friday. The company has a quick ratio of 0.93, a current ratio of 1.02 and a debt-to-equity ratio of 0.53. Jumia Technologies has a 52 week low of $4.22 and a 52 week high of $14.72. The firm’s 50-day simple moving average is $7.07 and its two-hundred day simple moving average is $8.65.

Insider Activity

In other Jumia Technologies news, EVP Antoine Maillet-Mezeray sold 20,000 shares of the firm’s stock in a transaction dated Monday, May 18th. The stock was 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 owned 279,992 shares in the company, valued at $1,985,143.28. This trade represents a 6.67% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.90% of the company’s stock.

Institutional Investors Weigh In On Jumia Technologies

Hedge funds and other institutional investors have recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd grew its position in shares of Jumia Technologies by 2,066.7% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 3,770 shares of the company’s stock valued at $47,000 after purchasing an additional 3,596 shares in the last quarter. Kestra Advisory Services LLC purchased a new stake in shares of Jumia Technologies in the fourth quarter worth $54,000. EverSource Wealth Advisors LLC boosted its stake in Jumia Technologies by 77.3% during the first quarter. EverSource Wealth Advisors LLC now owns 7,388 shares of the company’s stock valued at $51,000 after buying an additional 3,221 shares during the period. Federation des caisses Desjardins du Quebec boosted its stake in Jumia Technologies by 29.3% during the fourth quarter. Federation des caisses Desjardins du Quebec now owns 9,797 shares of the company’s stock valued at $122,000 after buying an additional 2,220 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in Jumia Technologies during the fourth quarter worth about $128,000. 16.50% of the stock is currently owned by institutional investors.

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.