Jumia Technologies (NYSE:JMIA) Earns Buy Rating from Analysts at Craig Hallum

Equities researchers at Craig Hallum started coverage on shares of Jumia Technologies (NYSE:JMIA) in a report released on Tuesday, MarketBeat.com reports. The firm set a “buy” rating and a $18.00 price target on the stock. Craig Hallum’s price target would indicate a potential upside of 52.01% from the stock’s previous close.

A number of other equities research analysts have also recently weighed in on JMIA. Benchmark began coverage on Jumia Technologies in a report on Tuesday, November 25th. They set a “buy” rating and a $18.00 price target for the company. Weiss Ratings restated a “sell (e+)” rating on shares of Jumia Technologies in a report on Wednesday, October 8th. Finally, Royal Bank Of Canada upgraded Jumia Technologies from a “sector perform” rating to an “outperform” rating and raised their target price for the company from $6.50 to $15.00 in a research note on Tuesday, September 16th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $17.00.

Jumia Technologies Stock Performance

NYSE JMIA opened at $11.84 on Tuesday. Jumia Technologies has a 1-year low of $1.60 and a 1-year high of $13.44. The company has a 50 day moving average of $11.33 and a 200-day moving average of $8.32. The company has a quick ratio of 1.12, a current ratio of 1.20 and a debt-to-equity ratio of 0.24.

Institutional Investors Weigh In On Jumia Technologies

Hedge funds and other institutional investors have recently made changes to their positions in the company. GAMMA Investing LLC raised its position in shares of Jumia Technologies by 80.9% during the second quarter. GAMMA Investing LLC now owns 7,795 shares of the company’s stock worth $31,000 after acquiring an additional 3,485 shares during the last quarter. WealthTrust Axiom LLC increased its position in Jumia Technologies by 30.8% in the first quarter. WealthTrust Axiom LLC now owns 17,161 shares of the company’s stock worth $37,000 after purchasing an additional 4,036 shares during the period. Lido Advisors LLC bought a new stake in Jumia Technologies during the 2nd quarter worth about $41,000. Global Retirement Partners LLC raised its holdings in Jumia Technologies by 111.1% during the 3rd quarter. Global Retirement Partners LLC now owns 3,800 shares of the company’s stock worth $44,000 after purchasing an additional 2,000 shares during the last quarter. Finally, Jump Financial LLC acquired a new position in Jumia Technologies during the 2nd quarter valued at about $49,000. 16.50% of the stock is owned by institutional investors and hedge funds.

About Jumia Technologies

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.