Point72 Asset Management LP 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 8.41% to 2.32 million shares with purchase of 0.18 million shares. This fresh investment now brings its stake to 2.96% valued currently at $36.11 million. In addition, Penserra Capital Management LLC raised its holdings by 0.6 million to 1.22 million shares. And Global Thematic Partners LLC has lifted its position by 18.93% or 0.12 million shares – to 0.74 million shares.
With over 5.65 million Jumia Technologies AG (JMIA) shares trading Friday and a closing price of $9.51 on the day, the dollar volume was approximately $53.71 million. The shares have shown a negative weekly performance of -4.90% and its price on 08/28/20 gained nearly 4.97%. Currently, there are 78.41M common shares owned by the public and among those 6.75M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 8 analysts who have offered their price forecasts for JMIA have a consensus price objective of $10.13. The analysts have set the share’s price value over the next 12 months at a high of $13.70 and a low of $6.78 should the stock experience a downside. Incidentally, analysts’ outlook for the Jumia Technologies AG stock is 3.00 for the next 12 months. The average price target is 24.1% above its last price level and an upside to the estimated low will see the stock lose -40.27% over that period. But an upside of 30.58% will see the stock hit the forecast high price target while mean target price for the stock is $9.94.
The top 3 mutual fund holders in Jumia Technologies AG are Vanguard International Growth Fun, Amplify Online Retail ETF, and Vanguard Variable Insurance – Int. Vanguard International Growth Fun owns 6.72 million shares of the company’s stock, all valued at over $104.64 million. Amplify Online Retail ETF bought 53879.0 shares to see its total holdings expand to 1.49 million shares valued at over $23.12 million and representing 1.90% of the shares outstanding. Vanguard Variable Insurance – Int now owns shares totaling to 0.82% of the shares outstanding.
Shares of Jumia Technologies AG (NYSE: JMIA) opened at $9.10, up $0.04 from a prior closing price of $9.06. However, the script later closed the day at $9.51, up 4.97%. The company’s stock has a 5-day price change of -4.90% and 92.90% over the past three months. JMIA shares are trading 41.31% year to date (YTD), with the 12-month market performance down to -11.94% lower. It has a 12-month low price of $2.15 and touched a high of $23.90 over the same period. Currently, 5.65 million shares have been traded, compared to an average intraday trading volume of 8.77 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 -31.70%, -5.63%, and 52.22% respectively.
Institutional ownership of Jumia Technologies AG (NYSE: JMIA) shares accounts for 25.60% of the company’s 78.41M shares outstanding. Mutual fund holders own 12.52%, while other institutional holders and individual stakeholders account for 13.68% and — respectively.
It has a market capitalization of $710.40M. The earnings-per-share (ttm) stands at -$3.44. Price movements for the stock have been influenced by the stock’s volatility, which stands at 10.98% over the week and 16.62% over the month.
Analysts forecast that Jumia Technologies AG (JMIA) will achieve an EPS of -$0.71 for the current quarter, -$0.61 for the next quarter and -$2.19 for 2021. The lowest estimate earnings-per-share for the quarter is -$0.76 while analysts give the company a high EPS estimate of -$0.63. Comparatively, EPS for the current quarter was -$0.65 a year ago. Earnings per share for the fiscal year are expected to increase by 10.00%, and 9.50% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 8 brokerage firm advisors rate Jumia Technologies AG (JMIA) as a “Hold” at a consensus score of 3.00. Specifically, 1 Wall Street analysts polled rate the stock as a buy, while 5 of the 8 advise that investors “hold,” and 2 rated it as a “Sell.”
Looking at the support for the JMIA, a number of firms have released research notes about the stock. Stifel stated their Hold rating for the stock in a research note on May 14, 2020, with the firm’s price target at $8-$4.50. Berenberg coverage for the Jumia Technologies AG (JMIA) stock in a research note released on March 25, 2020 offered a Hold rating with a price target of. RBC Capital Mkts was of a view on August 22, 2019 that the stock is Outperform, while Morgan Stanley gave the stock Equal-Weight rating on August 20, 2019, issuing a price target of. Raymond James on their part issued Outperform rating on May 14, 2019.