RFG Advisory LLC purchased a new stake in Jumia Technologies (NYSE:JMIA – Free Report) in the second quarter, HoldingsChannel reports. The firm purchased 20,000 shares of the company’s stock, valued at approximately $80,000.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. GAMMA Investing LLC raised its position in shares of Jumia Technologies by 80.9% in the second quarter. GAMMA Investing LLC now owns 7,795 shares of the company’s stock valued at $31,000 after buying an additional 3,485 shares in the last quarter. Deuterium Capital Management LLC acquired a new stake in shares of Jumia Technologies in the first quarter valued at approximately $27,000. Farther Finance Advisors LLC acquired a new stake in shares of Jumia Technologies in the second quarter valued at approximately $55,000. Central Pacific Bank Trust Division acquired a new stake in shares of Jumia Technologies in the second quarter valued at approximately $55,000. Finally, PDS Planning Inc acquired a new stake in shares of Jumia Technologies in the first quarter valued at approximately $31,000. 16.50% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several research analysts have commented on the stock. Royal Bank Of Canada upgraded shares of Jumia Technologies from a “sector perform” rating to an “outperform” rating and boosted their price objective for the company from $6.50 to $15.00 in a research report on Tuesday, September 16th. Weiss Ratings restated a “sell (e+)” rating on shares of Jumia Technologies in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $15.00.
Jumia Technologies Trading Up 2.6%
NYSE JMIA opened at $11.03 on Tuesday. The firm’s fifty day moving average price is $10.13 and its two-hundred day moving average price is $5.79. Jumia Technologies has a fifty-two week low of $1.60 and a fifty-two week high of $13.14. The company has a quick ratio of 1.28, a current ratio of 1.38 and a debt-to-equity ratio of 0.15.
Jumia Technologies 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.
Featured Articles
- Five stocks we like better than Jumia Technologies
- 3 Stocks to Protect Your Portfolio from the Coronavirus Contagion
- Louis Vuitton Earnings Show Luxury Bull Market Isn’t Done Yet
- What is a Microcap Stock? Everything You Need to Know
- 3 High-Yield Banks for Investors to Buy on the Dip
- The How And Why of Investing in Oil Stocks
- 5 Surprising Stocks Set to Benefit From a Future Robotics Boom
Want to see what other hedge funds are holding JMIA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Jumia Technologies (NYSE:JMIA – Free Report).
Receive News & Ratings for Jumia Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jumia Technologies and related companies with MarketBeat.com's FREE daily email newsletter.