Jumia Technologies (JMIA) Stock Price Down 3.4%

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Jumia Technologies AG – (NYSE:JMIA)’s share price fell 3.4% on Monday . The stock traded as low as $19.06 and last traded at $19.24. 21,706 shares changed hands during trading, a decline of 99% from the average session volume of 3,833,883 shares. The stock had previously closed at $19.92.

Several brokerages have recently weighed in on JMIA. Citigroup raised their price target on shares of Jumia Technologies to $41.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 14th. Morgan Stanley decreased their price target on shares of Jumia Technologies from $27.00 to $22.00 and set an “underweight” rating for the company in a research note on Tuesday, May 14th. Berenberg Bank raised shares of Jumia Technologies from a “hold” rating to a “buy” rating and set a $45.00 price target for the company in a research note on Tuesday, May 14th. Raymond James raised Jumia Technologies from a “market perform” rating to an “outperform” rating and set a $36.00 price objective for the company in a report on Tuesday, May 14th. They noted that the move was a valuation call. Finally, Stifel Nicolaus raised Jumia Technologies from a “hold” rating to a “buy” rating in a report on Monday, May 13th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. Jumia Technologies currently has an average rating of “Hold” and an average price target of $37.33.

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About Jumia Technologies (NYSE:JMIA)

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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