Jumia Technologies (NYSE:JMIA) Announces Quarterly Earnings Results

Jumia Technologies (NYSE:JMIA) released its quarterly earnings results on Tuesday. The company reported ($0.08) earnings per share (EPS) for the quarter, FiscalAI reports. Jumia Technologies had a negative net margin of 40.86% and a negative return on equity of 116.72%. The business had revenue of $61.40 million for the quarter.

Jumia Technologies Trading Up 3.0%

JMIA opened at $12.27 on Tuesday. The business has a fifty day moving average of $12.65 and a 200 day moving average of $10.74. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.12 and a current ratio of 1.20. Jumia Technologies has a 52-week low of $1.60 and a 52-week high of $14.72.

Wall Street Analyst Weigh In

Several research firms recently commented on JMIA. Weiss Ratings reiterated a “sell (e+)” rating on shares of Jumia Technologies in a research report on Thursday, January 22nd. Cantor Fitzgerald upgraded Jumia Technologies to a “strong-buy” rating in a report on Monday. Craig Hallum began coverage on Jumia Technologies in a report on Tuesday, December 16th. They set a “buy” rating and a $18.00 price target on the stock. Finally, Benchmark assumed coverage on Jumia Technologies in a research report on Tuesday, November 25th. They issued a “buy” rating and a $18.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $17.25.

Institutional Trading of Jumia Technologies

A number of large investors have recently made changes to their positions in JMIA. Lido Advisors LLC bought a new stake in Jumia Technologies during the 2nd quarter valued at about $41,000. Global Retirement Partners LLC increased its position in shares of Jumia Technologies by 111.1% during the third quarter. Global Retirement Partners LLC now owns 3,800 shares of the company’s stock worth $44,000 after acquiring an additional 2,000 shares during the period. Jump Financial LLC bought a new stake in shares of Jumia Technologies during the second quarter valued at approximately $49,000. The Manufacturers Life Insurance Company purchased a new stake in shares of Jumia Technologies in the second quarter valued at approximately $50,000. Finally, Ritholtz Wealth Management bought a new position in Jumia Technologies in the second quarter worth approximately $53,000. 16.50% of the stock is owned by hedge funds and other institutional investors.

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.