Truist Financial Corp Purchases New Stake in Jumia Technologies $JMIA

Truist Financial Corp acquired a new stake in Jumia Technologies (NYSE:JMIA) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 18,089 shares of the company’s stock, valued at approximately $73,000.

Several other large investors also recently modified their holdings of JMIA. Revisor Wealth Management LLC acquired a new stake in shares of Jumia Technologies during the 1st quarter worth $399,000. Banque Transatlantique SA raised its position in Jumia Technologies by 109,875.5% in the first quarter. Banque Transatlantique SA now owns 120,973 shares of the company’s stock valued at $240,000 after purchasing an additional 120,863 shares during the last quarter. SBI Securities Co. Ltd. raised its position in Jumia Technologies by 30.4% in the first quarter. SBI Securities Co. Ltd. now owns 399,663 shares of the company’s stock valued at $859,000 after purchasing an additional 93,184 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Jumia Technologies by 40.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 66,172 shares of the company’s stock worth $142,000 after acquiring an additional 19,072 shares during the last quarter. Finally, Retireful LLC bought a new position in shares of Jumia Technologies during the second quarter worth about $70,000. 16.50% of the stock is owned by institutional investors and hedge funds.

Jumia Technologies Stock Down 9.3%

Jumia Technologies stock opened at $10.78 on Monday. Jumia Technologies has a 52 week low of $1.60 and a 52 week high of $13.14. The business has a 50-day simple moving average of $10.04 and a 200 day simple moving average of $5.72. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.28 and a current ratio of 1.38.

Analyst Upgrades and Downgrades

JMIA has been the subject of several recent analyst reports. Royal Bank Of Canada raised Jumia Technologies from a “sector perform” rating to an “outperform” rating and raised their target price for the stock from $6.50 to $15.00 in a research note on Tuesday, September 16th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Jumia Technologies in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $15.00.

Jumia Technologies Company Profile

Jumia Technologies AG operates an e-commerce platform in West Africa, North Africa, East and South Africa, Europe, the United Arab Emirates, and internationally. The company’s platform consists of marketplace that connects sellers with customers; logistics service, which 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 under the JumiaPay name.