Jumia Technologies (NYSE:JMIA) EVP Sells $141,800.00 in Stock

Jumia Technologies (NYSE:JMIA) 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 sale, the executive vice president directly owned 279,992 shares of the company’s stock, valued at approximately $1,985,143.28. This represents a 6.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Jumia Technologies Price Performance

Shares of JMIA opened at $6.97 on Friday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.02 and a quick ratio of 0.93. The company’s fifty day moving average is $7.17 and its two-hundred day moving average is $9.85. Jumia Technologies has a 1 year low of $3.02 and a 1 year high of $14.72.

Hedge Funds Weigh In On Jumia Technologies

A number of large investors have recently made changes to their positions in the stock. Barclays PLC lifted its stake in shares of Jumia Technologies by 7.9% in the fourth quarter. Barclays PLC now owns 20,500 shares of the company’s stock valued at $256,000 after purchasing an additional 1,500 shares during the period. GSA Capital Partners LLP grew its position in Jumia Technologies by 2.1% during the fourth quarter. GSA Capital Partners LLP now owns 74,392 shares of the company’s stock worth $929,000 after buying an additional 1,513 shares during the period. Boston Standard Wealth Management LLC increased its holdings in Jumia Technologies by 9.4% in the first quarter. Boston Standard Wealth Management LLC now owns 20,892 shares of the company’s stock valued at $144,000 after buying an additional 1,800 shares in the last quarter. International Assets Investment Management LLC increased its holdings in Jumia Technologies by 9.5% in the first quarter. International Assets Investment Management LLC now owns 23,150 shares of the company’s stock valued at $161,000 after buying an additional 2,000 shares in the last quarter. Finally, Lido Advisors LLC lifted its position in shares of Jumia Technologies by 21.0% during the 3rd quarter. Lido Advisors LLC now owns 12,214 shares of the company’s stock valued at $142,000 after acquiring an additional 2,117 shares during the period. Hedge funds and other institutional investors own 16.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on JMIA. Cantor Fitzgerald set a $16.00 price target on shares of Jumia Technologies in a research note on Wednesday, February 11th. Craig Hallum restated a “buy” rating on shares of Jumia Technologies in a research report on Tuesday, March 10th. New Street Research set a $18.00 price objective on Jumia Technologies in a report on Tuesday, March 10th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of Jumia Technologies in a research note on Tuesday, April 21st. Four research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Jumia Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $17.00.

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.