Jumia Technologies (NYSE:JMIA) Receives Average Recommendation of “Moderate Buy” from Brokerages

Jumia Technologies (NYSE:JMIA) has received a consensus recommendation of “Moderate Buy” from the five ratings firms that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating and four have given a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $14.40.

A number of brokerages have commented on JMIA. Royal Bank Of Canada cut their price objective on shares of Jumia Technologies from $15.00 to $13.00 and set an “outperform” rating for the company in a research report on Thursday, August 13th. Benchmark reiterated a “buy” rating on shares of Jumia Technologies in a research note on Thursday, August 13th. Wall Street Zen cut shares of Jumia Technologies from a “hold” rating to a “sell” rating in a report on Sunday, July 12th. Craig Hallum restated a “buy” rating and issued a $12.00 price objective on shares of Jumia Technologies in a research report on Thursday, August 13th. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Jumia Technologies in a report on Friday, July 17th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of JMIA. Clay Northam Wealth Management LLC lifted its holdings in Jumia Technologies by 29.3% in the second quarter. Clay Northam Wealth Management LLC now owns 13,250 shares of the company’s stock valued at $93,000 after acquiring an additional 3,000 shares during the period. Key Client Fiduciary Advisors LLC increased its holdings in shares of Jumia Technologies by 9.4% in the 2nd quarter. Key Client Fiduciary Advisors LLC now owns 19,164 shares of the company’s stock valued at $135,000 after purchasing an additional 1,648 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of Jumia Technologies by 77.3% in the 1st 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. Cannell & Spears LLC lifted its stake in shares of Jumia Technologies by 142.5% in the first quarter. Cannell & Spears LLC now owns 97,000 shares of the company’s stock valued at $669,000 after purchasing an additional 57,000 shares during the period. Finally, Walleye Capital LLC boosted its holdings in Jumia Technologies by 1,852.2% during the first quarter. Walleye Capital LLC now owns 254,053 shares of the company’s stock worth $1,753,000 after buying an additional 268,552 shares in the last quarter. Hedge funds and other institutional investors own 16.50% of the company’s stock.

Jumia Technologies Price Performance

Shares of NYSE JMIA opened at $7.31 on Monday. The stock has a fifty day moving average price of $6.53 and a 200 day moving average price of $7.04. Jumia Technologies has a 1-year low of $5.69 and a 1-year high of $14.72. The company has a quick ratio of 0.77, a current ratio of 0.88 and a debt-to-equity ratio of 25.80.

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.