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JMIA

Jumia Technologies

$24.91

-2.09 (-7.74%)

09:19
05/13/19
05/13
09:19
05/13/19
09:19

Jumia Technologies reports Q1 adj. EBITDA (EUR39.5M) vs. (EUR30.2M) last year

Reports Q1 revenue EUR31.8M vs. EUR28.3M last year. Adjusted EBITDA loss, as a percentage of GMV improved from negative 19.8% in the first quarter of 2018 to negative 16.4% in the first quarter of 2019 as a result of a higher gross profit margin as a percentage of GMV, marketing efficiencies and operating leverage improving Technology & Content expense as a percentage of GMV, the company said. Gross Merchandise Volume increased by 57.6% to EUR240M in the first quarter of 2019 from EUR152M in the first quarter of 2018, "on the back of strong growth of both Active Consumers and spend per Active Consumer," Jumia stated.

  • 13

    May

JMIA Jumia Technologies
$24.91

-2.09 (-7.74%)

05/07/19
RAJA
05/07/19
INITIATION
RAJA
Market Perform
Jumia Technologies initiated with a Market Perform at Raymond James
Raymond James analyst Aaron Kessler started Jumia Technologies with a Market Perform rating, stating that while he expects robust e-commerce growth in Africa and thinks Jumia has significant potential beyond its core marketplaces, he also believes shares are fairly valued after advancing 170% from their IPO price of $14.50.
05/07/19
MSCO
05/07/19
INITIATION
Target $27
MSCO
Underweight
Jumia Technologies initiated with an Underweight at Morgan Stanley
Morgan Stanley analyst Brian Nowak started Jumia Technologies with an Underweight rating and $27 price target, stating that he acknowledges Jumia opportunity with its 4M active buyer base representing only about 1% penetration of Africa's addressable smartphone user base. However, he believes the company's low buyer retention rates mean the company needs large investment and strong execution to grow, noting that he estimates only 50% of current active buyers return over the next 12 months. Nowak also contends that the stock's current valuation understates the risks and uncertainties facing Jumia, he tells investors.
05/07/19
WBLR
05/07/19
INITIATION
WBLR
Market Perform
Jumia Technologies initiated with a Market Perform at William Blair
William Blair analyst Ralph Schackart initiated Jumia Technologies with a Market Perform rating.
05/07/19
05/07/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Pinduoduo (PDD) initiated with a Hold at 86 Research. 2. Roku (ROKU) initiated with an Overweight at Stephens. 3. Jumia Technologies (JMIA) initiated with a Hold at Stifel, with a Hold at Berenberg, with a Market Perform at Raymond James, with an Underweight at Morgan Stanley and with a Market Perform at William Blair. 4. Texas Instruments (TXN) initiated with a Neutral at Nomura Instinet. 5. TSMC (TSM) initiated with a Buy at Goldman Sachs. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

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NTLA

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GD

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NVLN

Novelion Therapeutics

$0.66

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LMT

Lockheed Martin

$376.85

-8.91 (-2.31%)

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ONCS

OncoSec

$1.84

-0.03 (-1.60%)

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TNXP

Tonix Pharmaceuticals

$0.42

-0.0249 (-5.60%)

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    Sep

SPX

S&P 500

$0.00

(0.00%)

, SPY

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$284.86

-7.5 (-2.57%)

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$0.00

(0.00%)

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$284.86

-7.5 (-2.57%)

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ATIS

Attis Industries

$1.03

-0.08 (-7.21%)

17:06
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