Jumia Technologies (NYSE:JMIA) Trading 9.6% Higher

Jumia Technologies AG – (NYSE:JMIA) traded up 9.6% during mid-day trading on Wednesday . The stock traded as high as $25.33 and last traded at $24.75. 352,378 shares changed hands during trading, a decline of 90% from the average session volume of 3,657,012 shares. The stock had previously closed at $22.58.

Several research analysts have recently weighed in on JMIA shares. Raymond James raised shares of Jumia Technologies from a “market perform” rating to an “outperform” rating and set a $36.00 price target on the stock in a research report on Tuesday, May 14th. They noted that the move was a valuation call. Berenberg Bank raised shares of Jumia Technologies from a “hold” rating to a “buy” rating and set a $45.00 price target on the stock in a research report on Tuesday, May 14th. Morgan Stanley lowered their price target on shares of Jumia Technologies from $27.00 to $22.00 and set an “underweight” rating on the stock in a research report on Tuesday, May 14th. Stifel Nicolaus started coverage on shares of Jumia Technologies in a research report on Tuesday, May 7th. They set a “hold” rating and a $40.00 price target on the stock. Finally, William Blair started coverage on shares of Jumia Technologies in a research report on Tuesday, May 7th. They set a “market perform” rating on the stock. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. Jumia Technologies presently has an average rating of “Hold” and an average price target of $37.33.

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About Jumia Technologies (NYSE:JMIA)

Jumia Technologies AG operates an e-commerce platform in Africa. The company's platform consists of marketplace, which connects sellers with consumers; logistics service that enables the shipment and delivery of packages from sellers to consumers; and payment service, which facilitates transactions to participants active on the company's platform in selected markets.

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