Jumia Technologies (NYSE:JMIA) Stock Price Up 7.8% – Time to Buy?

Jumia Technologies (NYSE:JMIA) shares were up 7.8% on Tuesday . The stock traded as high as $7.13 and last traded at $7.1050. 1,799,303 shares changed hands during trading, a decline of 8% from the average session volume of 1,948,132 shares. The stock had previously closed at $6.59.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Craig Hallum restated a “buy” rating on shares of Jumia Technologies in a research report on Tuesday, March 10th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Jumia Technologies in a research note on Tuesday, April 21st. Finally, New Street Research set a $18.00 price target on shares of Jumia Technologies in a report on Tuesday, March 10th. Four equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $17.00.

Jumia Technologies Stock Up 7.8%

The company has a current ratio of 1.02, a quick ratio of 0.93 and a debt-to-equity ratio of 0.53. The company has a fifty day moving average price of $7.11 and a 200 day moving average price of $9.04.

Insider Transactions at Jumia Technologies

In other Jumia Technologies news, EVP Antoine Maillet-Mezeray sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $7.09, for a total value of $141,800.00. Following the completion of the transaction, the executive vice president owned 279,992 shares of the company’s stock, valued at $1,985,143.28. The trade was a 6.67% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.90% of the stock is currently owned by insiders.

Institutional Trading of Jumia Technologies

A number of hedge funds have recently made changes to their positions in JMIA. EverSource Wealth Advisors LLC increased its stake in Jumia Technologies by 77.3% in the first quarter. EverSource Wealth Advisors LLC now owns 7,388 shares of the company’s stock valued at $51,000 after acquiring an additional 3,221 shares during the last quarter. Cannell & Spears LLC boosted its holdings in shares of Jumia Technologies by 142.5% in the 1st quarter. Cannell & Spears LLC now owns 97,000 shares of the company’s stock worth $669,000 after purchasing an additional 57,000 shares in the last quarter. Walleye Capital LLC boosted its holdings in shares of Jumia Technologies by 1,852.2% in the 1st quarter. Walleye Capital LLC now owns 254,053 shares of the company’s stock worth $1,753,000 after purchasing an additional 268,552 shares in the last quarter. Cetera Investment Advisers increased its position in shares of Jumia Technologies by 159.4% during the 1st quarter. Cetera Investment Advisers now owns 57,985 shares of the company’s stock valued at $400,000 after purchasing an additional 35,635 shares during the last quarter. Finally, International Assets Investment Management LLC increased its position in shares of Jumia Technologies by 9.5% during the 1st quarter. International Assets Investment Management LLC now owns 23,150 shares of the company’s stock valued at $161,000 after purchasing an additional 2,000 shares during the last quarter. 16.50% of the stock is owned by institutional investors.

Jumia Technologies Company Profile

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.