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JMIA

Jumia Technologies

$20.95

-3.96 (-15.90%)

10:26
05/13/19
05/13
10:26
05/13/19
10:26

Citron calls Jumia 'a zero' again in follow-up tweet

For the third straight trading session, Citron Research has published a cautious tweet on Jumia Technologies, reiterating its stance that the company is "a fraud" and the stock is "a zero." Earlier today, Jumia reported its first quarter results, which the company accelerated following Citron's initial short report on last Thursday. Reference Link

  • 13

    May

JMIA Jumia Technologies
$20.95

-3.96 (-15.90%)

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.

TODAY'S FREE FLY STORIES

NCNA

NuCana

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NCI

Navigant Consulting

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General news
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HD

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$217.43

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  • 20

    Aug

ABCB

Ameris Bancorp

$36.48

-0.34 (-0.92%)

12:27
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Conference/Events
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SABR

Sabre

$23.68

-0.25 (-1.04%)

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LPLA

LPL Financial

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$NSD

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$NYE

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AAPL

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  • 23

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EPD

Enterprise Products

$29.29

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  • 26

    Aug

CNI

Canadian National

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  • 21

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URBN

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  • 20

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BHGE

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  • 27

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VRTX

Vertex

$186.23

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  • 09

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MSG

Madison Square Garden

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  • 20

    Aug

SE

Sea Limited

$32.53

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  • 20

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