Key Points
- Jumia EVP Antoine Maillet-Mezeray sold 20,000 shares on May 18 at an average price of $7.09, for proceeds of $141,800. After the sale, he still held 279,992 shares, a 6.67% reduction in ownership.
- JMIA shares were up 1.4% and opened at $6.99, near the stock’s 50-day average of $7.21 but below its 200-day average of $9.89. The stock has traded between $2.88 and $14.72 over the past 12 months.
- Analysts remain mixed but generally positive on Jumia, with four Buy ratings and one Sell rating. The consensus view is a Moderate Buy with an average price target of $17.00.
Jumia Technologies (NYSE:JMIA - Get Free Report) EVP Antoine Maillet-Mezeray sold 20,000 shares of Jumia Technologies stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $7.09, for a total value of $141,800.00. Following the transaction, the executive vice president owned 279,992 shares of the company's stock, valued at $1,985,143.28. This represents a 6.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Jumia Technologies Stock Up 1.4%
Jumia Technologies stock opened at $6.99 on Thursday. Jumia Technologies has a 12-month low of $2.88 and a 12-month high of $14.72. The firm's 50-day moving average is $7.21 and its two-hundred day moving average is $9.89. The company has a quick ratio of 0.93, a current ratio of 1.02 and a debt-to-equity ratio of 0.53.
Institutional Inflows and Outflows
Several large investors have recently modified their holdings of JMIA. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Jumia Technologies by 2,066.7% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 3,770 shares of the company's stock worth $47,000 after acquiring an additional 3,596 shares during the period. Jump Financial LLC purchased a new position in shares of Jumia Technologies during the 2nd quarter worth about $49,000. The Manufacturers Life Insurance Company purchased a new position in shares of Jumia Technologies during the 2nd quarter worth about $50,000. EverSource Wealth Advisors LLC grew its stake in shares of Jumia Technologies by 77.3% during the 1st quarter. EverSource Wealth Advisors LLC now owns 7,388 shares of the company's stock valued at $51,000 after buying an additional 3,221 shares during the period. Finally, Kestra Advisory Services LLC purchased a new stake in shares of Jumia Technologies during the 4th quarter valued at $54,000. 16.50% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
JMIA has been the subject of several recent analyst reports. New Street Research set a $18.00 target price on shares of Jumia Technologies in a research note on Tuesday, March 10th. Cantor Fitzgerald set a $16.00 target price on shares of Jumia Technologies in a research note on Wednesday, February 11th. Craig Hallum reaffirmed a "buy" rating on shares of Jumia Technologies in a research note on Tuesday, March 10th. Finally, Weiss Ratings reiterated a "sell (e+)" rating on shares of Jumia Technologies in a research note on Tuesday, April 21st. Four investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Jumia Technologies currently has an average rating of "Moderate Buy" and an average price target of $17.00.
Get Our Latest Analysis on JMIA
About Jumia Technologies
(
Get Free Report)
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.
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