Jumia Technologies (NYSE:JMIA) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Jumia Technologies (NYSE:JMIA) have earned a consensus recommendation of “Moderate Buy” from the five research firms that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation and four have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $14.40.

A number of equities analysts have recently weighed in on JMIA shares. Royal Bank Of Canada dropped their price target on shares of Jumia Technologies from $15.00 to $13.00 and set an “outperform” rating on the stock in a research note on Thursday, August 13th. Weiss Ratings reissued a “sell (e+)” rating on shares of Jumia Technologies in a research report on Friday, July 17th. Benchmark reissued a “buy” rating on shares of Jumia Technologies in a research report on Thursday, August 13th. Cantor Fitzgerald cut their target price on shares of Jumia Technologies from $16.00 to $11.00 and set an “overweight” rating for the company in a research note on Thursday, August 13th. Finally, Craig Hallum reiterated a “buy” rating and issued a $12.00 price objective on shares of Jumia Technologies in a research report on Thursday, August 13th.

Hedge Funds Weigh In On Jumia Technologies

Large investors have recently made changes to their positions in the company. 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 buying 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 second quarter. Key Client Fiduciary Advisors LLC now owns 19,164 shares of the company’s stock worth $135,000 after acquiring an additional 1,648 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in Jumia Technologies by 77.3% during the 1st quarter. EverSource Wealth Advisors LLC now owns 7,388 shares of the company’s stock worth $51,000 after purchasing 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 worth $669,000 after acquiring an additional 57,000 shares in the last quarter. Finally, Walleye Capital LLC raised its stake in shares of Jumia Technologies by 1,852.2% in the 1st quarter. Walleye Capital LLC now owns 254,053 shares of the company’s stock valued at $1,753,000 after purchasing an additional 268,552 shares during the period. Institutional investors and hedge funds own 16.50% of the company’s stock.

Jumia Technologies Price Performance

Shares of Jumia Technologies stock opened at $6.94 on Monday. Jumia Technologies has a 12-month low of $5.69 and a 12-month high of $14.72. The stock’s fifty day moving average is $6.46 and its 200-day moving average is $7.13. 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 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.