Wrapmanager Inc. Acquires Shares of 10,892 Jumia Technologies AG (NYSE:JMIA)

Wrapmanager Inc. acquired a new position in shares of Jumia Technologies AG (NYSE:JMIA) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 10,892 shares of the company’s stock, valued at approximately $58,000.

Several other institutional investors have also recently made changes to their positions in JMIA. RFG Advisory LLC lifted its position in shares of Jumia Technologies by 13.6% during the second quarter. RFG Advisory LLC now owns 12,500 shares of the company’s stock valued at $88,000 after purchasing an additional 1,500 shares in the last quarter. Wealth Effects LLC boosted its stake in shares of Jumia Technologies by 4.1% in the 2nd quarter. Wealth Effects LLC now owns 80,310 shares of the company’s stock worth $564,000 after buying an additional 3,200 shares during the last quarter. CWM LLC grew its holdings in shares of Jumia Technologies by 8.1% in the second quarter. CWM LLC now owns 51,847 shares of the company’s stock valued at $364,000 after acquiring an additional 3,881 shares in the last quarter. Boston Standard Wealth Management LLC increased its position in shares of Jumia Technologies by 88.1% during the third quarter. Boston Standard Wealth Management LLC now owns 20,201 shares of the company’s stock valued at $108,000 after acquiring an additional 9,459 shares during the last quarter. Finally, Crumly & Associates Inc. bought a new stake in Jumia Technologies during the third quarter worth $55,000. Institutional investors own 16.50% of the company’s stock.

Jumia Technologies Stock Down 0.7 %

Jumia Technologies stock opened at $3.72 on Wednesday. Jumia Technologies AG has a 1-year low of $2.78 and a 1-year high of $15.04. The firm has a 50 day simple moving average of $4.77 and a 200 day simple moving average of $6.65. The company has a current ratio of 1.80, a quick ratio of 1.73 and a debt-to-equity ratio of 0.07.

Analysts Set New Price Targets

JMIA has been the subject of a number of recent analyst reports. Benchmark reduced their price objective 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 initiated coverage on shares of Jumia Technologies in a report on Wednesday, November 13th. They set a “sector perform” rating and a $5.00 price objective for the company.

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.