RFG Advisory LLC Takes $80,000 Position in Jumia Technologies $JMIA

RFG Advisory LLC acquired a new stake in Jumia Technologies (NYSE:JMIA) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 20,000 shares of the company’s stock, valued at approximately $80,000.

Several other hedge funds also recently modified their holdings of the stock. Prostatis Group LLC bought a new position in shares of Jumia Technologies in the 2nd quarter valued at about $288,000. Truist Financial Corp bought a new position in shares of Jumia Technologies in the 2nd quarter valued at about $73,000. Retireful LLC bought a new position in shares of Jumia Technologies in the 2nd quarter valued at about $70,000. GAMMA Investing LLC lifted its stake in Jumia Technologies by 80.9% in the 2nd quarter. GAMMA Investing LLC now owns 7,795 shares of the company’s stock valued at $31,000 after purchasing an additional 3,485 shares during the last quarter. Finally, Farther Finance Advisors LLC acquired a new stake in Jumia Technologies in the 2nd quarter valued at about $55,000. Institutional investors own 16.50% of the company’s stock.

Jumia Technologies Price Performance

Shares of JMIA stock opened at $11.03 on Tuesday. The firm has a 50 day moving average price of $10.13 and a two-hundred day moving average price of $5.79. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.28 and a current ratio of 1.38. Jumia Technologies has a 12-month low of $1.60 and a 12-month high of $13.14.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on JMIA. Royal Bank Of Canada upgraded shares of Jumia Technologies from a “sector perform” rating to an “outperform” rating and raised their target price for the company from $6.50 to $15.00 in a research note on Tuesday, September 16th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Jumia Technologies in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Jumia Technologies has a consensus rating of “Hold” and a consensus target price 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.