Goldman Sachs & Co. LLC recently announced the acquisition of new stake in Jumia Technologies AG (NYSE:JMIA). The institutional investor has increased its shareholding in the Consumer Cyclical company by 34.62% to 1.41 million shares with purchase of 0.36 million shares. This fresh investment now brings its stake to 1.41% valued currently at $4.75 million. In addition, Morgan Stanley & Co. LLC raised its holdings by 0.13 million to 0.49 million shares. And Penserra Capital Management LLC has lifted its position by 39.42% or 0.13 million shares – to 0.46 million shares.
With over 3.14 million Jumia Technologies AG (JMIA) shares trading Friday and a closing price of $2.97 on the day, the dollar volume was approximately $9.33 million. The shares have shown a negative half year performance of -60.51% and its price on 03/10/23 lost nearly -4.19%. Currently, there are 99.88M common shares owned by the public and among those 99.88M shares have been available to trade.
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An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 4 analysts who have offered their price forecasts for JMIA have a consensus price objective of $4.00. The analysts have set the share’s price value over the next 12 months at a high of $5.00 and a low of $3.00. The average price target is 25.75% above its recent price level and an upside to the estimated low will see the stock gain 1.0% over that period. But an upside of 40.6% will see the stock hit the forecast high price target while median target price for the stock is $4.00.
The top 3 mutual fund holders in Jumia Technologies AG are Vanguard International Growth Fun, Vanguard Variable Insurance – Int, and Amplify Online Retail ETF. Vanguard International Growth Fun owns 6.72 million shares of the company’s stock, all valued at over $22.66 million. Amplify Online Retail ETF now owns shares totaling to 0.37% of the shares outstanding.
Shares of Jumia Technologies AG (NYSE: JMIA) opened at $3.16, up $0.06 from a prior closing price of $3.10. However, the script later moved the day high at 3.1600, down -4.19%. The company’s stock has a 5-day price change of -13.66% and -25.38% over the past three months. JMIA shares are trading -7.48% year to date (YTD), with the 12-month market performance down to -64.60% lower. It has a 12-month low price of $2.92 and touched a high of $12.53 over the same period. JMIA has an average intraday trading volume of 2.36 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -15.26%, -20.35%, and -44.89% respectively.
Institutional ownership of Jumia Technologies AG (NYSE: JMIA) shares accounts for 23.70% of the company’s 99.88M shares outstanding. Mutual fund holders own 9.33%, while other institutional holders and individual stakeholders account for 9.86% and — respectively.
It has a market capitalization of $296.63M and a beta (3y monthly) value of 2.55. The earnings-per-share (ttm) stands at -$2.45. Price movements for the stock have been influenced by the stock’s volatility, which stands at 6.79% over the week and 6.59% over the month.
Analysts forecast that Jumia Technologies AG (JMIA) will achieve an EPS of $0 for the current quarter, $0 for the next quarter and -$1.91 for 2023. The lowest estimate earnings-per-share for the quarter is $0 while analysts give the company a high EPS estimate of $0. Comparatively, EPS for the current quarter was -$0.34 a year ago.
Specifically, 0 Wall Street analysts polled rate the stock as a buy, while 3 of the 4 advise that investors “hold,” and 1 rated it as a “Sell.”
Looking at the support for the JMIA, a number of firms have released research notes about the stock. Morgan Stanley stated their Underweight rating for the stock in a research note on November 29, 2021, with the firm’s price target at $11. Stifel coverage for the Jumia Technologies AG (JMIA) stock in a research note released on May 14, 2020 offered a Hold rating with a price target of $4.50. Morgan Stanley on their part issued Equal-Weight rating on August 20, 2019.
