Jumia Technologies (NYSE:JMIA) Earns Buy Rating from Analysts at Benchmark

Benchmark started coverage on shares of Jumia Technologies (NYSE:JMIA) in a research report released on Tuesday morning, MarketBeat Ratings reports. The brokerage issued a buy rating and a $14.00 price objective on the stock.

Jumia Technologies Stock Performance

NYSE JMIA opened at $12.08 on Tuesday. The company has a 50-day moving average of $7.46 and a 200-day moving average of $5.50. The company has a quick ratio of 1.19, a current ratio of 1.27 and a debt-to-equity ratio of 0.05. Jumia Technologies has a 12 month low of $2.22 and a 12 month high of $12.46.

Institutional Investors Weigh In On Jumia Technologies

Several institutional investors and hedge funds have recently modified their holdings of JMIA. GAMMA Investing LLC lifted its position in shares of Jumia Technologies by 15.3% during the first quarter. GAMMA Investing LLC now owns 15,191 shares of the company’s stock worth $78,000 after purchasing an additional 2,011 shares in the last quarter. International Assets Investment Management LLC lifted its holdings in Jumia Technologies by 15.8% in the 1st quarter. International Assets Investment Management LLC now owns 18,650 shares of the company’s stock worth $95,000 after buying an additional 2,550 shares in the last quarter. Wealth Effects LLC boosted its position in Jumia Technologies by 4.0% in the 1st quarter. Wealth Effects LLC now owns 77,110 shares of the company’s stock valued at $395,000 after buying an additional 2,960 shares during the last quarter. CWM LLC grew its stake in shares of Jumia Technologies by 8.1% during the second quarter. CWM LLC now owns 51,847 shares of the company’s stock valued at $364,000 after acquiring an additional 3,881 shares in the last quarter. Finally, Global Retirement Partners LLC increased its position in shares of Jumia Technologies by 138.6% during the first quarter. Global Retirement Partners LLC now owns 6,885 shares of the company’s stock worth $35,000 after acquiring an additional 4,000 shares during the last quarter. Hedge funds and other institutional investors own 16.50% of the company’s stock.

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.