Cantor Fitzgerald Cuts Jumia Technologies (NYSE:JMIA) Price Target to $11.00

Jumia Technologies (NYSE:JMIA) had its target price trimmed by Cantor Fitzgerald from $16.00 to $11.00 in a report published on Thursday morning, Marketbeat.com reports. The brokerage currently has an overweight rating on the stock.

A number of other equities research analysts have also recently issued reports on the stock. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Jumia Technologies in a report on Friday, July 17th. Wall Street Zen cut Jumia Technologies from a “hold” rating to a “sell” rating in a report on Sunday, July 12th. Four equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $14.40.

Jumia Technologies Trading Up 0.7%

Shares of JMIA stock opened at $6.25 on Thursday. The company has a fifty day moving average price of $6.54 and a two-hundred day moving average price of $7.57. Jumia Technologies has a one year low of $5.69 and a one year high of $14.72. The company has a current ratio of 0.88, a quick ratio of 0.93 and a debt-to-equity ratio of 25.80.

Insiders Place Their Bets

In related news, 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 value of $141,800.00. Following the completion of the sale, the executive vice president directly owned 279,992 shares in the company, valued at $1,985,143.28. The trade was a 6.67% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 1.90% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in JMIA. Caitong International Asset Management Co. Ltd lifted its holdings 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 in the last quarter. Jump Financial LLC acquired a new position in shares of Jumia Technologies in the second quarter valued at about $49,000. The Manufacturers Life Insurance Company acquired a new position in shares of Jumia Technologies in the second quarter valued at about $50,000. EverSource Wealth Advisors LLC increased its position in 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 acquiring an additional 3,221 shares during the period. Finally, Kestra Advisory Services LLC bought a new position in Jumia Technologies during the fourth quarter worth about $54,000. Institutional investors own 16.50% of the company’s stock.

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.