Jumia Technologies AG – (NYSE:JMIA) – Investment analysts at William Blair issued their Q3 2019 earnings estimates for shares of Jumia Technologies in a report released on Wednesday, August 21st, according to Zacks Investment Research. William Blair analyst R. Schackart expects that the company will post earnings of ($0.59) per share for the quarter. William Blair also issued estimates for Jumia Technologies’ Q4 2019 earnings at ($0.75) EPS, FY2019 earnings at ($2.96) EPS, FY2020 earnings at ($2.64) EPS and FY2021 earnings at ($2.31) EPS.
A number of other brokerages also recently weighed in on JMIA. Royal Bank of Canada raised Jumia Technologies from a “sector perform” rating to an “outperform” rating and reduced their target price for the company from $40.00 to $30.00 in a report on Wednesday, August 21st. They noted that the move was a valuation call. Morgan Stanley upgraded Jumia Technologies from an “underweight” rating to an “equal weight” rating and dropped their price objective for the stock from $22.00 to $13.00 in a research report on Tuesday, August 20th. Stifel Nicolaus set a $28.00 target price on Jumia Technologies and gave the stock a “buy” rating in a research note on Wednesday, August 21st. Berenberg Bank raised shares of Jumia Technologies from a “hold” rating to a “buy” rating and set a $45.00 target price for the company in a report on Tuesday, May 14th. Finally, Raymond James reaffirmed an “outperform” rating and set a $23.00 price target (down from $36.00) on shares of Jumia Technologies in a report on Thursday, August 22nd. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $30.00.
Shares of NYSE JMIA traded up $0.11 during trading hours on Monday, hitting $10.88. 1,426,000 shares of the stock were exchanged, compared to its average volume of 2,019,768. Jumia Technologies has a 1-year low of $9.99 and a 1-year high of $49.77. The firm has a market cap of $844.03 million and a P/E ratio of -2.71. The company has a current ratio of 3.42, a quick ratio of 3.30 and a debt-to-equity ratio of 0.02. The firm has a fifty day moving average of $13.75.
Large investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada purchased a new position in shares of Jumia Technologies during the second quarter worth about $370,000. Amundi Pioneer Asset Management Inc. purchased a new position in shares of Jumia Technologies in the second quarter worth about $3,820,000. Tenzing Global Management LLC bought a new stake in Jumia Technologies in the second quarter valued at approximately $528,000. River & Mercantile Asset Management LLP bought a new position in shares of Jumia Technologies during the second quarter valued at about $3,462,000. Finally, Schroder Investment Management Group bought a new position in shares of Jumia Technologies during the second quarter valued at approximately $9,682,000. Institutional investors own 18.34% of the company’s stock.
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.