Jumia Technologies (NYSE:JMIA) Stock Rated “Moderate Buy” by Wall Street Brokerages

Shares of Jumia Technologies (NYSE:JMIA) have received a consensus rating of “Moderate Buy” from the six ratings firms that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating on the company. The average 12-month target price among analysts that have covered the stock in the last year is $14.00.

Several equities analysts recently commented on JMIA shares. Cantor Fitzgerald decreased their price target on shares of Jumia Technologies from $11.00 to $9.00 and set an “overweight” rating on the stock in a research note on Monday, October 19th. Wall Street Zen cut Jumia Technologies from a “hold” rating to a “sell” rating in a research note on Sunday, July 12th. Zacks Research raised Jumia Technologies to a “hold” rating in a research report on Thursday. Craig Hallum restated a “buy” rating and set a $12.00 price objective on shares of Jumia Technologies in a research note on Thursday, August 13th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Jumia Technologies in a research note on Thursday, October 15th.

Jumia Technologies Price Performance

Shares of JMIA stock opened at $5.68 on Tuesday. The firm has a 50 day moving average price of $6.71 and a two-hundred day moving average price of $6.81. The company has a debt-to-equity ratio of 25.80, a quick ratio of 0.77 and a current ratio of 0.88. Jumia Technologies has a 12-month low of $5.59 and a 12-month high of $14.72.

Institutional Trading of Jumia Technologies

Several large investors have recently modified their holdings of the stock. Key Client Fiduciary Advisors LLC increased its holdings in 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 buying an additional 1,648 shares during the period. Boston Standard Wealth Management LLC raised its position in Jumia Technologies by 9.4% during the first quarter. Boston Standard Wealth Management LLC now owns 20,892 shares of the company’s stock valued at $144,000 after purchasing an additional 1,800 shares in the last quarter. International Assets Investment Management LLC lifted its stake in Jumia Technologies by 9.5% during the first quarter. International Assets Investment Management LLC now owns 23,150 shares of the company’s stock worth $161,000 after purchasing an additional 2,000 shares during the last quarter. GAMMA Investing LLC lifted its stake in Jumia Technologies by 27.9% during the third quarter. GAMMA Investing LLC now owns 10,006 shares of the company’s stock worth $67,000 after purchasing an additional 2,183 shares during the last quarter. Finally, Clay Northam Wealth Management LLC lifted its stake in Jumia Technologies by 29.3% during the second quarter. Clay Northam Wealth Management LLC now owns 13,250 shares of the company’s stock worth $93,000 after purchasing an additional 3,000 shares during the last quarter. 16.50% of the stock is owned by institutional investors and hedge funds.

About Jumia Technologies

Jumia Technologies AG is an e-commerce company focused on serving consumers and businesses in Africa. Through its online marketplace, the company offers products across categories such as electronics, mobile phones, home goods, fashion, beauty and personal care, groceries, and other everyday essentials. Jumia connects customers with third-party sellers and brands, supporting product discovery, ordering, payment, and delivery.

The company also provides logistics services that facilitate deliveries for orders placed on its platform and, in some markets, for external merchants.