Jumia Technologies (NYSE:JMIA) Stock Rating Raised to “Hold” at Zacks Research

Zacks Research upgraded shares of Jumia Technologies (NYSE:JMIA) to a hold rating in a research report sent to investors on Thursday morning,Zacks reports.

A number of other research analysts also recently weighed in on the company. Weiss Ratings reiterated a “sell (e+)” rating on shares of Jumia Technologies in a report on Thursday, October 15th. Cantor Fitzgerald lowered their target price on Jumia Technologies from $11.00 to $9.00 and set an “overweight” rating for the company in a research note on Monday, October 19th. Royal Bank Of Canada dropped their price target on Jumia Technologies from $15.00 to $13.00 and set an “outperform” rating on the stock in a research report on Thursday, August 13th. 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. Finally, Wall Street Zen cut Jumia Technologies from a “hold” rating to a “sell” rating in a research note on Sunday, July 12th. Four research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Jumia Technologies presently has an average rating of “Moderate Buy” and a consensus price target of $14.00.

Jumia Technologies Price Performance

JMIA stock opened at $5.68 on Thursday. The company has a debt-to-equity ratio of 25.80, a current ratio of 0.88 and a quick ratio of 0.77. Jumia Technologies has a 1 year low of $5.59 and a 1 year high of $14.72. The firm has a 50-day moving average of $6.71 and a 200 day moving average of $6.81.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. RFG Advisory LLC boosted its stake in Jumia Technologies by 24.4% during the 2nd quarter. RFG Advisory LLC now owns 38,528 shares of the company’s stock valued at $272,000 after purchasing an additional 7,559 shares during the last quarter. Clay Northam Wealth Management LLC raised its stake in shares of Jumia Technologies by 29.3% in the second quarter. Clay Northam Wealth Management LLC now owns 13,250 shares of the company’s stock worth $93,000 after purchasing an additional 3,000 shares during the last quarter. Key Client Fiduciary Advisors LLC raised its stake in shares of Jumia Technologies by 9.4% in the second quarter. Key Client Fiduciary Advisors LLC now owns 19,164 shares of the company’s stock worth $135,000 after purchasing an additional 1,648 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of Jumia Technologies by 77.3% during the first quarter. EverSource Wealth Advisors LLC now owns 7,388 shares of the company’s stock valued at $51,000 after purchasing an additional 3,221 shares in the last quarter. Finally, Cannell & Spears LLC lifted its holdings in shares of Jumia Technologies by 142.5% during the first quarter. Cannell & Spears LLC now owns 97,000 shares of the company’s stock valued at $669,000 after purchasing an additional 57,000 shares in the last quarter. Institutional investors own 16.50% of the company’s stock.

Jumia Technologies Company Profile

Jumia Technologies AG is an e-commerce company focused on serving consumers and businesses in Africa. Through its online marketplace, the company offers products across categories such as electronics, mobile phones, home goods, fashion, beauty and personal care, groceries, and other everyday essentials. Jumia connects customers with third-party sellers and brands, supporting product discovery, ordering, payment, and delivery.

The company also provides logistics services that facilitate deliveries for orders placed on its platform and, in some markets, for external merchants.