Analysts Set Jumia Technologies AG – (NYSE:JMIA) PT at $36.80

Shares of Jumia Technologies AG – (NYSE:JMIA) have been given an average recommendation of “Hold” by the eight brokerages that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $30.40.

A number of brokerages have recently weighed in on JMIA. Stifel Nicolaus upgraded Jumia Technologies from a “hold” rating to a “buy” rating in a research note on Monday, May 13th. Morgan Stanley upgraded Jumia Technologies from an “underweight” rating to an “equal weight” rating and cut their target price for the stock from $22.00 to $13.00 in a research note on Tuesday. Berenberg Bank upgraded Jumia Technologies from a “hold” rating to a “buy” rating and set a $45.00 target price on the stock in a research note on Tuesday, May 14th. Raymond James restated an “outperform” rating and issued a $23.00 target price on shares of Jumia Technologies in a research note on Thursday. Finally, William Blair began coverage on Jumia Technologies in a research note on Tuesday, May 7th. They issued a “market perform” rating on the stock.

Shares of NYSE JMIA traded up $1.04 during midday trading on Thursday, reaching $13.31. The company’s stock had a trading volume of 1,928,700 shares, compared to its average volume of 2,141,168. Jumia Technologies has a 12-month low of $11.30 and a 12-month high of $49.77. The firm has a 50 day moving average price of $18.79.



Several large investors have recently bought and sold shares of the stock. Baillie Gifford & Co. bought a new stake in shares of Jumia Technologies in the 2nd quarter worth approximately $237,842,000. Sumitomo Mitsui Trust Holdings Inc. bought a new stake in shares of Jumia Technologies in the 2nd quarter worth approximately $28,108,000. Morgan Stanley bought a new stake in shares of Jumia Technologies in the 2nd quarter worth approximately $9,705,000. Schroder Investment Management Group bought a new stake in shares of Jumia Technologies in the 2nd quarter worth approximately $9,682,000. Finally, Summit Partners L P bought a new stake in shares of Jumia Technologies in the 2nd quarter worth approximately $7,309,000. 15.24% of the stock is currently owned by institutional investors.

About Jumia Technologies

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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Analyst Recommendations for Jumia Technologies (NYSE:JMIA)

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