Jumia Technologies (NYSE:JMIA) Given Average Rating of “Moderate Buy” by Brokerages

Jumia Technologies (NYSE:JMIA) has been assigned a consensus rating of “Moderate Buy” from the five ratings firms that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation and four have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $17.00.

Several analysts recently weighed in on the stock. Wall Street Zen cut shares of Jumia Technologies from a “hold” rating to a “sell” rating in a report on Sunday, July 12th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Jumia Technologies in a report on Friday, July 17th.

Insider Buying and Selling

In related news, EVP Antoine Maillet-Mezeray sold 20,000 shares of the 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 transaction, the executive vice president owned 279,992 shares of the company’s stock, valued at $1,985,143.28. This represents a 6.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 1.90% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Caitong International Asset Management Co. Ltd raised its position in shares of Jumia Technologies by 2,066.7% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 3,770 shares of the company’s stock worth $47,000 after acquiring an additional 3,596 shares in the last quarter. Kestra Advisory Services LLC acquired a new position in Jumia Technologies in the fourth quarter valued at approximately $54,000. EverSource Wealth Advisors LLC increased its stake in 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 purchasing an additional 3,221 shares during the last quarter. Federation des caisses Desjardins du Quebec raised its holdings in Jumia Technologies by 29.3% during the fourth quarter. Federation des caisses Desjardins du Quebec now owns 9,797 shares of the company’s stock worth $122,000 after purchasing an additional 2,220 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of Jumia Technologies during the 4th quarter worth approximately $128,000. 16.50% of the stock is owned by institutional investors and hedge funds.

Jumia Technologies Trading Down 4.0%

Shares of JMIA opened at $5.88 on Thursday. The stock has a 50-day simple moving average of $6.67 and a 200-day simple moving average of $7.85. The company has a current ratio of 1.02, a quick ratio of 0.93 and a debt-to-equity ratio of 0.53. Jumia Technologies has a 1 year low of $4.56 and a 1 year high of $14.72.

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.