Antoine Maillet-Mezeray Sells 20,000 Shares of Jumia Technologies (NYSE:JMIA) Stock

Jumia Technologies (NYSE:JMIA) EVP Antoine Maillet-Mezeray sold 20,000 shares of Jumia Technologies stock in a transaction on Monday, May 18th. The stock was sold at an average price of $7.09, for a total transaction of $141,800.00. Following the sale, the executive vice president directly owned 279,992 shares in the company, valued at approximately $1,985,143.28. This trade represents a 6.67% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Jumia Technologies Stock Performance

Shares of JMIA opened at $7.09 on Friday. Jumia Technologies has a 52-week low of $2.88 and a 52-week high of $14.72. The company has a quick ratio of 0.93, a current ratio of 1.02 and a debt-to-equity ratio of 0.53. The firm’s fifty day moving average is $7.19 and its two-hundred day moving average is $9.87.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd raised its holdings in shares of Jumia Technologies by 2,066.7% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 3,770 shares of the company’s stock worth $47,000 after acquiring an additional 3,596 shares during the period. Jump Financial LLC purchased a new position in shares of Jumia Technologies during the 2nd quarter worth $49,000. The Manufacturers Life Insurance Company purchased a new position in shares of Jumia Technologies during the 2nd quarter worth $50,000. EverSource Wealth Advisors LLC raised its holdings in shares of Jumia Technologies by 77.3% during the 1st quarter. EverSource Wealth Advisors LLC now owns 7,388 shares of the company’s stock worth $51,000 after acquiring an additional 3,221 shares during the period. Finally, Kestra Advisory Services LLC purchased a new position in shares of Jumia Technologies during the 4th quarter worth $54,000. Hedge funds and other institutional investors own 16.50% of the company’s stock.

Analysts Set New Price Targets

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