Jumia Technologies (NYSE:JMIA) Stock Has Consensus Price Target of $14.40 According to Brokerages

Key Points

• Analyst consensus is “Moderate Buy”: Four of five covering brokerages recommend buying Jumia, while one rates it a sell. The average 12-month price target is $14.40.
• Recent targets were lowered by several firms, including Royal Bank of Canada to $13 and Cantor Fitzgerald to $11, while Craig Hallum maintained a buy rating with a $12 target.
• Jumia shares were trading at $6.71, down 3.3%, with a 12-month range of $5.69 to $14.72. Institutional investors own 16.5% of the company.

Jumia Technologies (NYSE:JMIA - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the five brokerages that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation and four have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $14.40.

JMIA has been the subject of several research analyst reports. Craig Hallum reaffirmed a "buy" rating and issued a $12.00 price target on shares of Jumia Technologies in a research note on Thursday, August 13th. Benchmark reissued a "buy" rating on shares of Jumia Technologies in a research report on Thursday, August 13th. Weiss Ratings restated a "sell (e+)" rating on shares of Jumia Technologies in a research note on Friday, July 17th. Royal Bank Of Canada decreased their target price on Jumia Technologies from $15.00 to $13.00 and set an "outperform" rating for the company in a research report on Thursday, August 13th. Finally, Cantor Fitzgerald dropped their price target on Jumia Technologies from $16.00 to $11.00 and set an "overweight" rating on the stock in a research note on Thursday, August 13th.

Jumia Technologies Trading Down 3.3%

Jumia Technologies stock opened at $6.71 on Friday. Jumia Technologies has a 12-month low of $5.69 and a 12-month high of $14.72. The firm's fifty day moving average is $6.60 and its 200 day moving average is $6.92. The company has a current ratio of 0.88, a quick ratio of 0.77 and a debt-to-equity ratio of 25.80.

Institutional Investors Weigh In On Jumia Technologies

Several hedge funds and other institutional investors have recently modified their holdings of JMIA. EverSource Wealth Advisors LLC lifted its holdings in shares of Jumia Technologies by 77.3% in 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. Caitong International Asset Management Co. Ltd increased its stake in Jumia Technologies by 4,479.9% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 7,969 shares of the company's stock valued at $100,000 after purchasing an additional 7,795 shares in the last quarter. Clay Northam Wealth Management LLC bought a new stake in Jumia Technologies during the 1st quarter valued at $71,000. Integrated Wealth Concepts LLC acquired a new position in Jumia Technologies during the second quarter worth $91,000. Finally, Pinnacle Wealth Management Advisory Group LLC acquired a new position in Jumia Technologies during the first quarter worth $101,000. Institutional investors own 16.50% of the company's stock.

Jumia Technologies Company Profile

Jumia Technologies N.V. is an e-commerce company focused on connecting consumers and sellers across Africa. Through its online marketplace and mobile applications, the company offers products such as consumer electronics, fashion, beauty and personal-care items, home goods, groceries and other everyday merchandise from local and international merchants.

Jumia also provides services that support online commerce, including logistics and delivery solutions designed to help merchants reach customers in markets where distribution infrastructure can be challenging.

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