Jumia Technologies (NYSE:JMIA) Stock Now Rated "Moderate Buy" by Sell-Side Analysts

Key Points

• Jumia Technologies has a “Moderate Buy” consensus rating from five analysts: four recommend buying the stock, while one rates it a sell. The average 12-month price target is $14.00.
• Recent analyst actions were mixed: Benchmark maintained a buy rating, while RBC and Cantor Fitzgerald lowered their price targets to $13 and $9, respectively; Weiss Ratings and Wall Street Zen maintained or issued sell ratings.
• JMIA opened at $5.78, near its 52-week low of $5.59, and institutional investors own 16.5% of the company. Several hedge funds increased their positions during the first and second quarters.

Jumia Technologies (NYSE:JMIA - Get Free Report) has received an average rating of "Moderate Buy" from the five ratings firms that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating and four have issued a buy rating on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $14.00.

A number of research firms have recently issued reports on JMIA. Benchmark reissued a "buy" rating on shares of Jumia Technologies in a report on Thursday, August 13th. Royal Bank Of Canada decreased their price target on Jumia Technologies from $15.00 to $13.00 and set an "outperform" rating for the company in a report on Thursday, August 13th. Cantor Fitzgerald lowered their price objective on shares of Jumia Technologies from $11.00 to $9.00 and set an "overweight" rating on the stock in a research report on Monday. Weiss Ratings reiterated a "sell (e+)" rating on shares of Jumia Technologies in a research report on Thursday. Finally, Wall Street Zen cut shares of Jumia Technologies from a "hold" rating to a "sell" rating in a research note on Sunday, July 12th.

Jumia Technologies Stock Down 0.9%

JMIA opened at $5.78 on Tuesday. The business has a 50 day moving average price of $6.74 and a two-hundred day moving average price of $6.84. 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 has a 52 week low of $5.59 and a 52 week high of $14.72.

Institutional Trading of Jumia Technologies

Several hedge funds have recently made changes to their positions in the company. Walleye Capital LLC boosted its holdings in 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 in the last quarter. Revisor Wealth Management LLC increased its position in Jumia Technologies by 2.7% during the 1st quarter. Revisor Wealth Management LLC now owns 190,350 shares of the company's stock worth $1,313,000 after purchasing an additional 5,000 shares during the period. Cannell & Spears LLC raised its stake in shares of Jumia Technologies by 142.5% during the 1st quarter. Cannell & Spears LLC now owns 97,000 shares of the company's stock worth $669,000 after buying an additional 57,000 shares in the last quarter. Cetera Investment Advisers raised its stake in shares of Jumia Technologies by 159.4% during the 1st quarter. Cetera Investment Advisers now owns 57,985 shares of the company's stock worth $400,000 after buying an additional 35,635 shares in the last quarter. Finally, RFG Advisory LLC raised its stake in shares of Jumia Technologies by 24.4% during the 2nd quarter. RFG Advisory LLC now owns 38,528 shares of the company's stock worth $272,000 after buying an additional 7,559 shares in the last quarter. Institutional investors and hedge funds own 16.50% of the company's stock.

Jumia Technologies Company Profile

Jumia Technologies AG is an e-commerce company that operates an online marketplace serving consumers and merchants in Africa. Its platform connects customers with third-party sellers offering products such as electronics, mobile phones, fashion, beauty and personal-care items, home goods, groceries and other everyday merchandise.

The company also provides supporting services intended to facilitate online commerce, including delivery and logistics solutions for merchants and customers. Through JumiaPay, it has offered digital payment services and related financial technology solutions, although the availability and scope of these services may vary by market.

Founded in 2012, Jumia has historically expanded its operations across multiple African countries, including markets in North, West, East and Southern Africa.

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