Shares of Jumia Technologies AG – (NYSE:JMIA) have been assigned a consensus rating of “Hold” from the eight ratings firms that are covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $7.50.
Several analysts have recently commented on the company. Zacks Investment Research downgraded Jumia Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, July 15th. Stifel Nicolaus cut Jumia Technologies from a “buy” rating to a “hold” rating and reduced their price objective for the company from $8.00 to $4.50 in a research note on Wednesday, May 13th. Royal Bank of Canada reaffirmed a “buy” rating and set a $9.00 target price on shares of Jumia Technologies in a research report on Wednesday, May 13th. Finally, ValuEngine downgraded shares of Jumia Technologies from a “strong-buy” rating to a “buy” rating in a research report on Saturday.
Several large investors have recently made changes to their positions in JMIA. Advisor Group Holdings Inc. bought a new stake in Jumia Technologies during the first quarter worth $30,000. Squarepoint Ops LLC bought a new stake in shares of Jumia Technologies in the 1st quarter worth $43,000. Sicart Associates LLC purchased a new stake in shares of Jumia Technologies in the first quarter valued at about $44,000. Accredited Investors Inc. bought a new position in shares of Jumia Technologies during the second quarter valued at about $55,000. Finally, Cpwm LLC purchased a new position in Jumia Technologies during the first quarter worth about $58,000. 23.02% of the stock is currently owned by institutional investors.
JMIA opened at $15.56 on Thursday. The company has a fifty day moving average price of $7.07 and a two-hundred day moving average price of $5.25. Jumia Technologies has a 1-year low of $2.15 and a 1-year high of $17.88. The company has a market cap of $1.19 billion, a P/E ratio of -4.56 and a beta of 2.99. The company has a current ratio of 2.36, a quick ratio of 2.27 and a debt-to-equity ratio of 0.05.
Jumia Technologies Company Profile
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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