Jumia Technologies (NYSE:JMIA) Shares Up 7.8% – Here’s What Happened

01 Jul 2026, 00:41 by Amy Steele · The Cerbat Gem

Jumia Technologies (NYSE:JMIA – Get Free Report) shares were up 7.8% during mid-day trading on Tuesday . The stock traded as high as $7.13 and last traded at $7.1050. 1,799,303 shares were traded during mid-day trading, a decline of 8% from the average session volume of 1,948,132 shares. The stock had previously closed at $6.59.

Analyst Ratings Changes

Several research analysts have commented on the stock. Craig Hallum reissued a “buy” rating on shares of Jumia Technologies in a research note on Tuesday, March 10th. New Street Research set a $18.00 price objective on shares of Jumia Technologies in a research note on Tuesday, March 10th. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Jumia Technologies in a report on Tuesday, April 21st. Four investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $17.00.

Read Our Latest Analysis on JMIA

Jumia Technologies Trading Up 7.8%

The company has a quick ratio of 0.93, a current ratio of 1.02 and a debt-to-equity ratio of 0.53. The company has a 50 day moving average of $7.11 and a 200-day moving average of $9.04.

Insiders Place Their Bets

In other news, EVP Antoine Maillet-Mezeray sold 20,000 shares of Jumia Technologies stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $7.09, for a total value of $141,800.00. Following the sale, the executive vice president directly owned 279,992 shares in the company, valued at approximately $1,985,143.28. This trade represents a 6.67% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.90% of the company’s stock.

Hedge Funds Weigh In On Jumia Technologies

Several hedge funds have recently made changes to their positions in the business. Caitong International Asset Management Co. Ltd boosted its holdings in Jumia Technologies by 2,066.7% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 3,770 shares of the company’s stock valued at $47,000 after acquiring an additional 3,596 shares in the last quarter. Jump Financial LLC bought a new stake in shares of Jumia Technologies during the 2nd quarter valued at about $49,000. The Manufacturers Life Insurance Company purchased a new position in shares of Jumia Technologies during the second quarter valued at about $50,000. EverSource Wealth Advisors LLC increased its position in shares of Jumia Technologies by 77.3% during the first quarter. EverSource Wealth Advisors LLC now owns 7,388 shares of the company’s stock valued at $51,000 after buying an additional 3,221 shares during the period. Finally, Kestra Advisory Services LLC bought a new position in Jumia Technologies in the fourth quarter worth about $54,000. 16.50% of the stock is owned by hedge funds and other institutional investors.

Jumia Technologies Company Profile

(Get Free Report)

Jumia Technologies AG (NYSE: JMIA) operates as a leading e-commerce and technology platform in Africa, facilitating online retail, logistics and digital payments. The company’s marketplace connects millions of consumers with a diverse array of sellers offering electronics, fashion, home goods, groceries and more. Beyond its core retail services, Jumia has developed JumiaPay, a payment solution that enables secure transactions both on and off its platform, and Jumia Logistics, which provides end-to-end delivery and fulfillment support across the continent.