According to Zacks, “Jumia Technologies AG provides e-commerce services. The Company offers products, which includes dresses, leggings, skirts, polo shirts, belts, watches, sunglasses, health products, beauty products and a range of products for children, among others. Jumia Technologies AG is based in Berlin, Germany. “
A number of other equities research analysts have also weighed in on JMIA. ValuEngine lowered shares of Jumia Technologies from a buy rating to a hold rating in a report on Wednesday, September 4th. Raymond James decreased their price objective on shares of Jumia Technologies from $23.00 to $8.00 and set an outperform rating for the company in a research report on Wednesday, November 13th. Morgan Stanley upgraded shares of Jumia Technologies from an underweight rating to an equal weight rating and lowered their target price for the stock from $22.00 to $13.00 in a research note on Tuesday, August 20th. Stifel Nicolaus reissued a buy rating and issued a $14.00 target price on shares of Jumia Technologies in a report on Friday, November 1st. Finally, Renaissance Capital initiated coverage on Jumia Technologies in a research note on Thursday. They issued a sell rating and a $3.50 price target on the stock. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of Hold and a consensus target price of $19.09.
Hedge funds have recently added to or reduced their stakes in the business. Winslow Evans & Crocker Inc. lifted its position in shares of Jumia Technologies by 100.0% during the 3rd quarter. Winslow Evans & Crocker Inc. now owns 5,000 shares of the company’s stock worth $40,000 after buying an additional 2,500 shares during the last quarter. CenterStar Asset Management LLC acquired a new stake in Jumia Technologies during the 2nd quarter worth $52,000. Tower Research Capital LLC TRC acquired a new stake in Jumia Technologies during the 3rd quarter worth $89,000. Stifel Financial Corp lifted its position in Jumia Technologies by 70.4% in the third quarter. Stifel Financial Corp now owns 14,664 shares of the company’s stock valued at $123,000 after acquiring an additional 6,056 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC purchased a new stake in Jumia Technologies in the second quarter valued at $151,000. 15.88% of the stock is currently owned by institutional investors.
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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