Jumia Technologies (NYSE:JMIA) Receives Average Recommendation of “Moderate Buy” from Analysts

Jumia Technologies (NYSE:JMIA) has earned a consensus recommendation of “Moderate Buy” from the five research firms that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $17.00.

Several brokerages have recently weighed in on JMIA. Weiss Ratings reiterated a “sell (e+)” rating on shares of Jumia Technologies in a research report on Tuesday, April 21st. Wall Street Zen cut Jumia Technologies from a “hold” rating to a “sell” rating in a report on Sunday.

Jumia Technologies Stock Up 1.4%

JMIA traded up $0.10 during trading hours on Friday, hitting $7.01. The stock had a trading volume of 786,526 shares, compared to its average volume of 1,548,810. The company’s fifty day simple moving average is $7.07 and its 200 day simple moving average is $8.76. Jumia Technologies has a 1 year low of $4.19 and a 1 year high of $14.72. The company has a current ratio of 1.02, a quick ratio of 0.93 and a debt-to-equity ratio of 0.53.

Insider Buying and Selling at Jumia Technologies

In other Jumia Technologies news, EVP Antoine Maillet-Mezeray sold 20,000 shares of the firm’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $7.09, for a total value of $141,800.00. Following the sale, the executive vice president owned 279,992 shares of the company’s stock, valued at $1,985,143.28. This trade represents a 6.67% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 1.90% of the company’s stock.

Hedge Funds Weigh In On Jumia Technologies

A number of hedge funds and other institutional investors have recently modified their holdings of JMIA. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Jumia Technologies by 40.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 66,172 shares of the company’s stock valued at $142,000 after acquiring an additional 19,072 shares during the last quarter. Cetera Investment Advisers lifted its holdings in shares of Jumia Technologies by 23.9% in the 2nd quarter. Cetera Investment Advisers now owns 25,857 shares of the company’s stock worth $104,000 after acquiring an additional 4,995 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Jumia Technologies by 58,116.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 224,714 shares of the company’s stock worth $903,000 after acquiring an additional 224,328 shares during the last quarter. XTX Topco Ltd purchased a new stake in shares of Jumia Technologies in the 2nd quarter valued at $91,000. Finally, Jump Financial LLC purchased a new stake in shares of Jumia Technologies in the 2nd quarter valued at $49,000. 16.50% of the stock is currently owned by hedge funds and other institutional investors.

About Jumia Technologies

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.