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

Jumia Technologies (NYSE:JMIA) has been given a consensus rating of “Moderate Buy” by the five ratings firms that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation and four have issued a buy recommendation on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $17.00.

Several research analysts have weighed in on JMIA shares. Weiss Ratings reiterated a “sell (e+)” rating on shares of Jumia Technologies in a research report on Tuesday, April 21st. Wall Street Zen downgraded shares of Jumia Technologies from a “hold” rating to a “sell” rating in a research report on Sunday, July 12th.

Jumia Technologies Trading Up 0.1%

JMIA opened at $6.51 on Friday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.02 and a quick ratio of 0.93. The company’s 50 day moving average is $6.98 and its 200 day moving average is $8.55. Jumia Technologies has a 12-month low of $4.36 and a 12-month high of $14.72.

Insiders Place Their Bets

In related news, EVP Antoine Maillet-Mezeray sold 20,000 shares of Jumia Technologies 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 directly owned 279,992 shares in the company, valued at approximately $1,985,143.28. The trade was a 6.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.90% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Caitong International Asset Management Co. Ltd grew its stake 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 acquiring an additional 3,596 shares during the period. Jump Financial LLC bought a new stake in Jumia Technologies during the 2nd quarter worth approximately $49,000. The Manufacturers Life Insurance Company purchased a new position in Jumia Technologies during the second quarter valued at approximately $50,000. EverSource Wealth Advisors LLC lifted its holdings 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 purchasing an additional 3,221 shares in the last quarter. Finally, Kestra Advisory Services LLC bought a new position in shares of Jumia Technologies in the fourth quarter worth approximately $54,000. Institutional investors own 16.50% of the company’s stock.

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.