Jumia Technologies (NYSE:JMIA) Earns Sell (E+) Rating from Weiss Ratings

Jumia Technologies (NYSE:JMIA)‘s stock had its “sell (e+)” rating reaffirmed by analysts at Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.

Separately, Royal Bank Of Canada upgraded Jumia Technologies from a “sector perform” rating to an “outperform” rating and upped their price target for the stock from $6.50 to $15.00 in a report on Tuesday, September 16th. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $15.00.

Jumia Technologies Stock Up 6.2%

JMIA opened at $12.63 on Wednesday. The business has a 50 day moving average price of $9.06 and a 200 day moving average price of $5.20. Jumia Technologies has a twelve month low of $1.60 and a twelve month high of $12.80. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.28 and a current ratio of 1.38.

Hedge Funds Weigh In On Jumia Technologies

Hedge funds have recently added to or reduced their stakes in the stock. GAMMA Investing LLC raised its position in Jumia Technologies by 16.6% in the 3rd quarter. GAMMA Investing LLC now owns 9,092 shares of the company’s stock valued at $106,000 after buying an additional 1,297 shares during the last quarter. Osaic Holdings Inc. raised its position in Jumia Technologies by 5.7% in the 2nd quarter. Osaic Holdings Inc. now owns 42,348 shares of the company’s stock valued at $170,000 after buying an additional 2,300 shares during the last quarter. Marex Group plc acquired a new stake in Jumia Technologies in the 2nd quarter valued at approximately $342,000. Nomura Holdings Inc. acquired a new stake in Jumia Technologies in the 2nd quarter valued at approximately $402,000. Finally, Ameriprise Financial Inc. raised its position in Jumia Technologies by 12.2% in the 2nd quarter. Ameriprise Financial Inc. now owns 24,109 shares of the company’s stock valued at $97,000 after buying an additional 2,627 shares during the last quarter. Institutional investors and hedge funds own 16.50% of the company’s stock.

Jumia Technologies Company Profile

Jumia Technologies AG operates an e-commerce platform in West Africa, North Africa, East and South Africa, Europe, the United Arab Emirates, and internationally. The company’s platform consists of marketplace that connects sellers with customers; logistics service, which enables the shipment and delivery of packages from sellers to consumers; and payment service, which facilitates transactions to participants active on the company’s platform in selected markets under the JumiaPay name.