Jumia Technologies AG (NYSE:JMIA – Get Free Report)’s stock price gapped up prior to trading on Friday . The stock had previously closed at $4.90, but opened at $5.09. Jumia Technologies shares last traded at $5.63, with a volume of 2,778,363 shares.
Analyst Upgrades and Downgrades
Separately, Benchmark cut their target price on shares of Jumia Technologies from $14.00 to $11.00 and set a “buy” rating on the stock in a research report on Wednesday, August 7th.
Read Our Latest Stock Analysis on Jumia Technologies
Jumia Technologies Stock Up 7.6 %
Institutional Investors Weigh In On Jumia Technologies
A number of hedge funds have recently made changes to their positions in JMIA. Tower Research Capital LLC TRC lifted its position in Jumia Technologies by 430.6% during the fourth quarter. Tower Research Capital LLC TRC now owns 7,688 shares of the company’s stock valued at $27,000 after acquiring an additional 6,239 shares during the last quarter. Global Retirement Partners LLC grew its stake in Jumia Technologies by 138.6% during the 1st quarter. Global Retirement Partners LLC now owns 6,885 shares of the company’s stock worth $35,000 after buying an additional 4,000 shares during the last quarter. GAMMA Investing LLC acquired a new position in Jumia Technologies during the 4th quarter valued at about $47,000. RFG Advisory LLC purchased a new stake in Jumia Technologies in the first quarter valued at about $56,000. Finally, Daiwa Securities Group Inc. acquired a new stake in Jumia Technologies in the fourth quarter worth about $61,000. 16.50% of the stock is currently owned by hedge funds and other institutional investors.
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.
Further Reading
- Five stocks we like better than Jumia Technologies
- How to Calculate Options Profits
- JD.com Earnings Surprise: China’s Outlook Better Than Expected
- What is the Nikkei 225 index?
- Warren Buffett’s Recent Stock Moves: Top Buys and Sells to Watch
- Are Penny Stocks a Good Fit for Your Portfolio?
- Sea Limited’s E-Commerce and Fintech Strength Fuel Stock Surge
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.