Jumia Technologies AG – (NYSE:JMIA) – Research analysts at William Blair issued their Q3 2019 earnings estimates for shares of Jumia Technologies in a note issued to investors on Wednesday, August 21st. William Blair analyst R. Schackart anticipates that the company will post earnings of ($0.59) per share for the quarter. William Blair currently has a “Market Perform” rating on the stock. 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.
Several other equities analysts have also issued reports on the company. Royal Bank of Canada raised Jumia Technologies from a “sector perform” rating to an “outperform” rating and dropped their price target for the company from $40.00 to $30.00 in a research note on Wednesday, August 21st. They noted that the move was a valuation call. Stifel Nicolaus set a $28.00 price target on Jumia Technologies and gave the stock a “buy” rating in a report on Wednesday, August 21st. Raymond James restated an “outperform” rating and issued a $23.00 price objective (down previously from $36.00) on shares of Jumia Technologies in a research note on Thursday, August 22nd. Berenberg Bank upgraded Jumia Technologies from a “hold” rating to a “buy” rating and set a $45.00 price objective for the company in a research note on Tuesday, May 14th. Finally, Zacks Investment Research cut Jumia Technologies from a “hold” rating to a “sell” rating in a research report on Wednesday, July 10th. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the stock. Jumia Technologies currently has an average rating of “Hold” and an average price target of $30.00.
Jumia Technologies stock opened at $11.83 on Monday. The business has a 50 day moving average of $17.73. The firm has a market capitalization of $975.37 million and a price-to-earnings ratio of -2.94. Jumia Technologies has a one year low of $11.30 and a one year high of $49.77.
Several institutional investors have recently bought and sold shares of JMIA. Royal Bank of Canada bought a new stake in Jumia Technologies during the second quarter valued at about $370,000. Amundi Pioneer Asset Management Inc. purchased a new stake in shares of Jumia Technologies in the second quarter worth about $3,820,000. Tenzing Global Management LLC purchased a new stake in shares of Jumia Technologies in the second quarter worth about $528,000. Essex Investment Management Co. LLC purchased a new stake in shares of Jumia Technologies in the second quarter worth about $3,462,000. Finally, Schroder Investment Management Group bought a new stake in Jumia Technologies during the second quarter worth approximately $9,682,000. 15.24% of the stock is owned by institutional investors and hedge funds.
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.
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