Jumia Technologies (NYSE:JMIA) Given New $4.75 Price Target at Royal Bank of Canada

Jumia Technologies (NYSE:JMIA) had its price objective cut by Royal Bank of Canada from $5.00 to $4.75 in a research note issued to investors on Friday morning,Benzinga reports. They currently have a sector perform rating on the stock.

Jumia Technologies Trading Down 2.3 %

Jumia Technologies stock opened at $2.76 on Friday. The company has a 50 day moving average price of $3.97 and a 200-day moving average price of $4.47. The company has a quick ratio of 1.73, a current ratio of 1.80 and a debt-to-equity ratio of 0.07. Jumia Technologies has a fifty-two week low of $2.69 and a fifty-two week high of $15.04.

Jumia Technologies (NYSE:JMIA) last posted its quarterly earnings results on Thursday, February 20th. The company reported ($999.00) earnings per share for the quarter. Jumia Technologies had a negative net margin of 53.64% and a negative return on equity of 161.08%. The company had revenue of $45.69 million for the quarter.

Institutional Trading of Jumia Technologies

Several institutional investors and hedge funds have recently modified their holdings of the stock. Ameriprise Financial Inc. raised its stake in shares of Jumia Technologies by 11.0% during the fourth quarter. Ameriprise Financial Inc. now owns 24,717 shares of the company’s stock valued at $94,000 after acquiring an additional 2,455 shares in the last quarter. Quadrant Capital Group LLC raised its stake in Jumia Technologies by 24.0% in the fourth quarter. Quadrant Capital Group LLC now owns 14,487 shares of the company’s stock worth $55,000 after buying an additional 2,804 shares in the last quarter. Signaturefd LLC raised its stake in Jumia Technologies by 98.9% in the fourth quarter. Signaturefd LLC now owns 6,809 shares of the company’s stock worth $26,000 after buying an additional 3,385 shares in the last quarter. Blue Trust Inc. raised its stake in Jumia Technologies by 148.4% in the fourth quarter. Blue Trust Inc. now owns 7,072 shares of the company’s stock worth $27,000 after buying an additional 4,225 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Jumia Technologies by 14.9% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 47,100 shares of the company’s stock worth $180,000 after buying an additional 6,096 shares in the last quarter. Institutional investors own 16.50% 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 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.