SBI Securities Co. Ltd. Sells 5,071 Shares of Jumia Technologies $JMIA

SBI Securities Co. Ltd. cut its stake in shares of Jumia Technologies (NYSE:JMIA) by 1.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 394,592 shares of the company’s stock after selling 5,071 shares during the quarter. SBI Securities Co. Ltd. owned 0.32% of Jumia Technologies worth $1,586,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in JMIA. Deuterium Capital Management LLC purchased a new stake in shares of Jumia Technologies during the 1st quarter valued at $27,000. GAMMA Investing LLC boosted its holdings in Jumia Technologies by 80.9% during the 2nd quarter. GAMMA Investing LLC now owns 7,795 shares of the company’s stock valued at $31,000 after acquiring an additional 3,485 shares during the period. WealthTrust Axiom LLC grew its position in Jumia Technologies by 30.8% during the 1st quarter. WealthTrust Axiom LLC now owns 17,161 shares of the company’s stock worth $37,000 after acquiring an additional 4,036 shares during the last quarter. Ritholtz Wealth Management purchased a new position in Jumia Technologies in the 2nd quarter worth approximately $53,000. Finally, Farther Finance Advisors LLC bought a new stake in Jumia Technologies in the second quarter valued at approximately $55,000. Institutional investors own 16.50% of the company’s stock.

Jumia Technologies Stock Performance

Shares of Jumia Technologies stock opened at $10.12 on Thursday. Jumia Technologies has a 12 month low of $1.60 and a 12 month high of $13.14. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.38 and a quick ratio of 1.28. The business has a fifty day simple moving average of $11.09 and a two-hundred day simple moving average of $6.83.

Jumia Technologies (NYSE:JMIA) last posted its quarterly earnings results on Wednesday, November 12th. The company reported ($999.00) earnings per share for the quarter. Jumia Technologies had a negative return on equity of 89.98% and a negative net margin of 42.52%.

Analysts Set New Price Targets

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

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.