Jumia Technologies AG – (NYSE:JMIA) – Analysts at William Blair cut their FY2019 earnings per share (EPS) estimates for Jumia Technologies in a research note issued on Tuesday, November 12th. William Blair analyst R. Schackart now forecasts that the company will earn ($2.97) per share for the year, down from their previous forecast of ($2.96). William Blair also issued estimates for Jumia Technologies’ Q4 2019 earnings at ($0.69) EPS, Q1 2020 earnings at ($0.52) EPS, Q2 2020 earnings at ($0.66) EPS, Q3 2020 earnings at ($0.65) EPS, Q4 2020 earnings at ($0.61) EPS, FY2020 earnings at ($2.43) EPS and FY2021 earnings at ($1.88) EPS.
Several other analysts have also recently issued reports on the stock. Royal Bank of Canada decreased their target price on shares of Jumia Technologies from $30.00 to $22.00 and set an “outperform” rating on the stock in a research report on Wednesday. Raymond James decreased their target price on shares of Jumia Technologies from $23.00 to $8.00 and set an “outperform” rating for the company in a research report on Wednesday. ValuEngine cut shares of Jumia Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, September 4th. Morgan Stanley raised shares of Jumia Technologies from an “underweight” rating to an “equal weight” rating and decreased their target price for the company from $22.00 to $13.00 in a research report on Tuesday, August 20th. Finally, Zacks Investment Research raised shares of Jumia Technologies from a “sell” rating to a “hold” rating in a report on Wednesday, October 23rd. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Jumia Technologies currently has an average rating of “Hold” and an average price target of $23.83.
Several hedge funds and other institutional investors have recently bought and sold shares of the business. CenterStar Asset Management LLC purchased a new stake in shares of Jumia Technologies during the 2nd quarter worth approximately $52,000. Winslow Evans & Crocker Inc. bought a new stake in Jumia Technologies in the second quarter valued at $68,000. Steward Partners Investment Advisory LLC bought a new stake in shares of Jumia Technologies during the second quarter worth $151,000. CSat Investment Advisory L.P. bought a new stake in shares of Jumia Technologies during the second quarter worth $175,000. Finally, Harbour Capital Advisors LLC grew its holdings in shares of Jumia Technologies by 63.8% during the third quarter. Harbour Capital Advisors LLC now owns 24,805 shares of the company’s stock worth $197,000 after purchasing an additional 9,665 shares during the last quarter. 16.74% 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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