Jumia Technologies (NYSE:JMIA) Research Coverage Started at Benchmark

Benchmark began coverage on shares of Jumia Technologies (NYSE:JMIA) in a research note published on Tuesday, Marketbeat reports. The firm issued a buy rating and a $18.00 price target on the stock.

Several other research analysts also recently commented on the stock. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Jumia Technologies in a research note on Wednesday, October 8th. Royal Bank Of Canada raised shares of Jumia Technologies from a “sector perform” rating to an “outperform” rating and raised their target price for the stock from $6.50 to $15.00 in a research report on Tuesday, September 16th. Two research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $16.50.

Jumia Technologies Trading Up 3.4%

JMIA stock opened at $11.89 on Tuesday. Jumia Technologies has a twelve month low of $1.60 and a twelve month high of $13.14. The business’s fifty day simple moving average is $11.21 and its two-hundred day simple moving average is $7.42. The company has a current ratio of 1.20, a quick ratio of 1.12 and a debt-to-equity ratio of 0.24.

Hedge Funds Weigh In On Jumia Technologies

A number of large investors have recently added to or reduced their stakes in the company. Two Sigma Investments LP lifted its position in shares of Jumia Technologies by 204.4% during the third quarter. Two Sigma Investments LP now owns 1,742,694 shares of the company’s stock valued at $20,233,000 after buying an additional 1,170,214 shares during the last quarter. SBI Securities Co. Ltd. raised its stake in shares of Jumia Technologies by 18.1% during the 3rd quarter. SBI Securities Co. Ltd. now owns 465,846 shares of the company’s stock worth $5,408,000 after acquiring an additional 71,254 shares in the last quarter. Nomura Holdings Inc. lifted its position in Jumia Technologies by 361.7% during the third quarter. Nomura Holdings Inc. now owns 461,670 shares of the company’s stock valued at $5,360,000 after acquiring an additional 361,670 shares during the last quarter. Jump Financial LLC boosted its stake in Jumia Technologies by 3,439.4% in the third quarter. Jump Financial LLC now owns 432,300 shares of the company’s stock valued at $5,019,000 after acquiring an additional 420,086 shares in the last quarter. Finally, Bank of America Corp DE boosted its stake in Jumia Technologies by 3,250.9% in the third quarter. Bank of America Corp DE now owns 312,503 shares of the company’s stock valued at $3,628,000 after acquiring an additional 303,177 shares in the last quarter. 16.50% of the stock is currently owned by institutional investors.

About Jumia Technologies

Jumia Technologies AG operates an e-commerce platform in West Africa, North Africa, East and South Africa, Europe, the United Arab Emirates, and internationally. The company’s platform consists of marketplace that connects sellers with customers; logistics service, which 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 under the JumiaPay name.