Jumia Technologies (NYSE:JMIA) Price Target Cut to $9.00 by Analysts at Stifel Nicolaus

Jumia Technologies (NYSE:JMIAGet Rating) had its price objective dropped by research analysts at Stifel Nicolaus from $11.00 to $9.00 in a note issued to investors on Wednesday, The Fly reports. Stifel Nicolaus’ target price would suggest a potential upside of 24.31% from the stock’s previous close.

Separately, Zacks Investment Research upgraded shares of Jumia Technologies from a “sell” rating to a “hold” rating in a research report on Wednesday, April 27th.

Jumia Technologies stock opened at $7.24 on Wednesday. The company has a current ratio of 3.58, a quick ratio of 3.51 and a debt-to-equity ratio of 0.02. Jumia Technologies has a 12-month low of $4.47 and a 12-month high of $33.87. The firm’s fifty day moving average is $8.07 and its 200 day moving average is $10.28.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Moors & Cabot Inc. acquired a new position in Jumia Technologies during the third quarter worth $2,199,000. MARSHALL WACE ASIA Ltd raised its holdings in Jumia Technologies by 3.9% during the third quarter. MARSHALL WACE ASIA Ltd now owns 857,440 shares of the company’s stock worth $15,939,000 after buying an additional 32,356 shares during the last quarter. OneAscent Financial Services LLC acquired a new position in Jumia Technologies during the fourth quarter worth $171,000. Wealth Effects LLC acquired a new position in Jumia Technologies during the fourth quarter worth $224,000. Finally, Advisor Resource Council raised its holdings in shares of Jumia Technologies by 5.3% in the third quarter. Advisor Resource Council now owns 110,103 shares of the company’s stock valued at $2,047,000 after purchasing an additional 5,500 shares during the last quarter. Hedge funds and other institutional investors own 37.98% of the company’s stock.

Jumia Technologies Company Profile (Get Rating)

Jumia Technologies AG operates an e-commerce platform in Africa, Portugal, Germany, and the United Arab Emirates. The company's platform consists of marketplace that 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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