Jumia Technologies (NYSE:JMIA) EVP Antoine Maillet-Mezeray Sells 20,000 Shares

Jumia Technologies (NYSE:JMIA) EVP Antoine Maillet-Mezeray sold 20,000 shares of the business’s stock in a transaction on Monday, May 18th. The stock was sold at an average price of $7.09, for a total transaction of $141,800.00. Following the transaction, the executive vice president owned 279,992 shares of the company’s stock, valued at approximately $1,985,143.28. The trade was a 6.67% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Jumia Technologies Stock Up 1.4%

NYSE JMIA opened at $6.99 on Thursday. The company has a quick ratio of 0.93, a current ratio of 1.02 and a debt-to-equity ratio of 0.53. The firm’s fifty day moving average price is $7.21 and its 200 day moving average price is $9.89. Jumia Technologies has a 12 month low of $2.88 and a 12 month high of $14.72.

Institutional Trading of Jumia Technologies

Hedge funds and other institutional investors have recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd boosted its stake in shares of Jumia Technologies by 2,066.7% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 3,770 shares of the company’s stock worth $47,000 after buying an additional 3,596 shares during the period. Jump Financial LLC acquired a new stake in shares of Jumia Technologies during the second quarter worth about $49,000. The Manufacturers Life Insurance Company acquired a new stake in shares of Jumia Technologies during the second quarter worth about $50,000. EverSource Wealth Advisors LLC boosted its stake in shares of Jumia Technologies by 77.3% during the first quarter. EverSource Wealth Advisors LLC now owns 7,388 shares of the company’s stock worth $51,000 after buying an additional 3,221 shares during the period. Finally, Kestra Advisory Services LLC acquired a new stake in shares of Jumia Technologies during the fourth quarter worth about $54,000. Institutional investors and hedge funds own 16.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. New Street Research set a $18.00 target price on Jumia Technologies in a research report on Tuesday, March 10th. Cantor Fitzgerald set a $16.00 target price on Jumia Technologies in a research report on Wednesday, February 11th. Craig Hallum reiterated a “buy” rating on shares of Jumia Technologies in a research report on Tuesday, March 10th. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of Jumia Technologies in a research report on Tuesday, April 21st. Four analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Jumia Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $17.00.

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.