Jumia Technologies (NYSE:JMIA – Get Rating) had its price objective dropped by stock analysts at Stifel Nicolaus from $9.00 to $6.00 in a research report issued to clients and investors on Friday, The Fly reports. The brokerage currently has a “hold” rating on the stock. Stifel Nicolaus’ price objective points to a potential upside of 34.23% from the stock’s current price.
Jumia Technologies Stock Performance
Shares of JMIA opened at $4.47 on Friday. The company has a current ratio of 2.67, a quick ratio of 2.55 and a debt-to-equity ratio of 0.04. The stock has a 50-day moving average price of $5.54 and a 200-day moving average price of $6.33. Jumia Technologies has a 12-month low of $3.65 and a 12-month high of $14.95.
Institutional Trading of Jumia Technologies
A number of large investors have recently modified their holdings of the business. Milestone Wealth LLC bought a new stake in shares of Jumia Technologies during the 3rd quarter valued at about $29,000. State Street Corp raised its holdings in shares of Jumia Technologies by 3.0% during the 3rd quarter. State Street Corp now owns 402,924 shares of the company’s stock valued at $2,341,000 after buying an additional 11,870 shares in the last quarter. Quadrature Capital Ltd purchased a new position in shares of Jumia Technologies during the 3rd quarter valued at about $871,000. Belpointe Asset Management LLC purchased a new position in shares of Jumia Technologies during the 3rd quarter valued at about $132,000. Finally, BlackRock Inc. raised its holdings in shares of Jumia Technologies by 63.3% during the 3rd quarter. BlackRock Inc. now owns 52,022 shares of the company’s stock valued at $302,000 after buying an additional 20,156 shares in the last quarter. Institutional investors own 19.74% of the company’s stock.
Jumia Technologies Company Profile
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 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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