Wrapmanager Inc. Takes $58,000 Position in Jumia Technologies AG (NYSE:JMIA)

Wrapmanager Inc. bought a new stake in shares of Jumia Technologies AG (NYSE:JMIA) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 10,892 shares of the company’s stock, valued at approximately $58,000.

Other large investors have also added to or reduced their stakes in the company. Crumly & Associates Inc. bought a new position in shares of Jumia Technologies during the 3rd quarter worth approximately $55,000. Diversify Advisory Services LLC acquired a new position in shares of Jumia Technologies during the 3rd quarter valued at $68,000. The Manufacturers Life Insurance Company bought a new position in Jumia Technologies during the second quarter worth $74,000. Boston Standard Wealth Management LLC acquired a new stake in Jumia Technologies in the second quarter worth $75,000. Finally, Bleakley Financial Group LLC bought a new stake in Jumia Technologies in the third quarter valued at $84,000. Institutional investors and hedge funds own 16.50% of the company’s stock.

Jumia Technologies Price Performance

NYSE:JMIA opened at $3.72 on Wednesday. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.80 and a quick ratio of 1.73. Jumia Technologies AG has a one year low of $2.78 and a one year high of $15.04. The firm has a 50-day moving average of $4.77 and a 200-day moving average of $6.65.

Analyst Ratings Changes

Several analysts have recently commented on the company. Benchmark reduced their target price on Jumia Technologies from $14.00 to $11.00 and set a “buy” rating for the company in a research note on Wednesday, August 7th. Royal Bank of Canada assumed coverage on Jumia Technologies in a research note on Wednesday, November 13th. They issued a “sector perform” rating and a $5.00 price objective for the company.

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.