Stifel Nicolaus analyst Lamont Williams maintained a Hold rating on Jumia Technologies AG (JMIA – Research Report) today and set a price target of $9.00. The company’s shares closed today at $8.20.
According to TipRanks, Williams is a 3-star analyst with an average return of 4.4% and a 30.00% success rate. Williams covers the Consumer Goods sector, focusing on stocks such as Rover Group, Enjoy Technology Inc, and Stitch Fix.
Currently, the analyst consensus on Jumia Technologies AG is a Hold with an average price target of $7.95.
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Based on Jumia Technologies AG’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $47.59 million and a GAAP net loss of $69.46 million. In comparison, last year the company earned a revenue of $32.99 million and had a GAAP net loss of $24.94 million
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Jumia Technologies AG engages in the provision of logistic services. It operates though e-Commerce platform segment. The e-Commerce platform segment consists marketplace, which connects sellers with consumers to its logistics service, which enables the shipment and delivery of packages from sellers to consumers, and payment service, which facilitates transactions among participants active on platform in selected markets. The company was founded on June 26, 2012 and is headquartered in Berlin, Germany.
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