Jumia Technologies AG – (NYSE:JMIA) Given Average Recommendation of “Hold” by Analysts

Jumia Technologies AG – (NYSE:JMIA) has received an average recommendation of “Hold” from the eight analysts that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and four have given a buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $30.40.

Several research firms have issued reports on JMIA. Morgan Stanley upgraded shares of Jumia Technologies from an “underweight” rating to an “equal weight” rating and cut their price target for the company from $22.00 to $13.00 in a research report on Tuesday. Citigroup upped their price target on shares of Jumia Technologies to $41.00 and gave the company a “neutral” rating in a research report on Tuesday, May 14th. William Blair initiated coverage on shares of Jumia Technologies in a report on Tuesday, May 7th. They set a “market perform” rating for the company. Berenberg Bank upgraded shares of Jumia Technologies from a “hold” rating to a “buy” rating and set a $45.00 target price for the company in a report on Tuesday, May 14th. Finally, Zacks Investment Research lowered shares of Jumia Technologies from a “hold” rating to a “sell” rating in a report on Wednesday, July 10th.

NYSE JMIA traded up $1.04 during trading on Thursday, hitting $13.31. 1,928,700 shares of the company’s stock traded hands, compared to its average volume of 2,141,168. The business’s fifty day moving average price is $18.79. Jumia Technologies has a 12-month low of $11.30 and a 12-month high of $49.77.

Several institutional investors have recently bought and sold shares of the company. CenterStar Asset Management LLC purchased a new stake in shares of Jumia Technologies during the second quarter worth about $52,000. Winslow Evans & Crocker Inc. purchased a new stake in shares of Jumia Technologies during the second quarter worth about $68,000. Steward Partners Investment Advisory LLC purchased a new stake in shares of Jumia Technologies during the second quarter worth about $151,000. CSat Investment Advisory L.P. purchased a new stake in shares of Jumia Technologies during the second quarter worth about $175,000. Finally, Royal Bank of Canada purchased a new stake in shares of Jumia Technologies during the second quarter worth about $370,000. Institutional investors own 15.24% of the company’s stock.

About Jumia Technologies

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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Analyst Recommendations for Jumia Technologies (NYSE:JMIA)

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