Toroso Investments LLC purchased a new stake in Jumia Technologies AG – (NYSE:JMIA) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 22,967 shares of the company’s stock, valued at approximately $67,000.
Several other hedge funds have also added to or reduced their stakes in the stock. Sicart Associates LLC acquired a new stake in Jumia Technologies during the first quarter worth about $44,000. CSat Investment Advisory L.P. grew its stake in Jumia Technologies by 39.0% during the fourth quarter. CSat Investment Advisory L.P. now owns 14,875 shares of the company’s stock worth $100,000 after buying an additional 4,174 shares in the last quarter. Stifel Financial Corp grew its stake in Jumia Technologies by 70.4% during the third quarter. Stifel Financial Corp now owns 14,664 shares of the company’s stock worth $123,000 after buying an additional 6,056 shares in the last quarter. Banco Bilbao Vizcaya Argentaria S.A. acquired a new stake in Jumia Technologies during the fourth quarter worth about $168,000. Finally, Independent Advisor Alliance acquired a new stake in Jumia Technologies during the fourth quarter worth about $197,000. Institutional investors and hedge funds own 23.06% of the company’s stock.
A number of brokerages have issued reports on JMIA. Raymond James downgraded shares of Jumia Technologies from an “outperform” rating to a “market perform” rating in a research note on Tuesday, February 25th. Berenberg Bank cut shares of Jumia Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, March 25th. Royal Bank of Canada reissued a “buy” rating and issued a $9.00 target price on shares of Jumia Technologies in a report on Wednesday, May 13th. Zacks Investment Research raised shares of Jumia Technologies from a “hold” rating to a “strong-buy” rating and set a $4.50 target price for the company in a report on Wednesday. Finally, ValuEngine raised shares of Jumia Technologies from a “buy” rating to a “strong-buy” rating in a report on Monday, May 11th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, one has given a buy rating and two have issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $7.08.
NYSE JMIA traded down $0.19 during trading hours on Friday, reaching $4.69. The company’s stock had a trading volume of 1,466,218 shares, compared to its average volume of 2,717,856. The firm has a fifty day simple moving average of $3.82 and a 200-day simple moving average of $5.02. Jumia Technologies AG – has a 52 week low of $2.15 and a 52 week high of $28.28. The company has a quick ratio of 2.27, a current ratio of 2.36 and a debt-to-equity ratio of 0.05.
Jumia Technologies Profile
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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