Jumia Technologies (NYSE:JMIA) Stock Has Consensus Price Target of $14.40

Shares of Jumia Technologies (NYSE:JMIA) have received an average recommendation of “Moderate Buy” from the five brokerages that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $14.40.

Several analysts have recently commented on JMIA shares. Benchmark reissued a “buy” rating on shares of Jumia Technologies in a research note on Thursday, August 13th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Jumia Technologies in a research report on Friday, July 17th. Wall Street Zen downgraded Jumia Technologies from a “hold” rating to a “sell” rating in a report on Sunday, July 12th. 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, Royal Bank Of Canada dropped their price objective on Jumia Technologies from $15.00 to $13.00 and set an “outperform” rating on the stock in a research note on Thursday, August 13th.

Jumia Technologies Trading Down 3.3%

Shares of NYSE JMIA opened at $6.71 on Friday. The company has a quick ratio of 0.77, a current ratio of 0.88 and a debt-to-equity ratio of 25.80. Jumia Technologies has a fifty-two week low of $5.69 and a fifty-two week high of $14.72. The firm’s 50-day simple moving average is $6.60 and its 200 day simple moving average is $6.92.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in JMIA. Key Client Fiduciary Advisors LLC increased its stake 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 last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Jumia Technologies by 77.3% in the first quarter. EverSource Wealth Advisors LLC now owns 7,388 shares of the company’s stock valued at $51,000 after acquiring an additional 3,221 shares in the last quarter. Cannell & Spears LLC increased its position in shares of Jumia Technologies by 142.5% during the first quarter. Cannell & Spears LLC now owns 97,000 shares of the company’s stock valued at $669,000 after acquiring an additional 57,000 shares during the last quarter. Walleye Capital LLC increased its position in shares of Jumia Technologies by 1,852.2% during the first quarter. Walleye Capital LLC now owns 254,053 shares of the company’s stock valued at $1,753,000 after acquiring an additional 268,552 shares during the last quarter. Finally, International Assets Investment Management LLC lifted its holdings 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 acquiring an additional 2,000 shares during the period. 16.50% of the stock is currently owned by hedge funds and other institutional investors.

Jumia Technologies Company Profile

Jumia Technologies N.V. is an e-commerce company focused on connecting consumers and sellers across Africa. Through its online marketplace and mobile applications, the company offers products such as consumer electronics, fashion, beauty and personal-care items, home goods, groceries and other everyday merchandise from local and international merchants.

Jumia also provides services that support online commerce, including logistics and delivery solutions designed to help merchants reach customers in markets where distribution infrastructure can be challenging.