GAMMA Investing LLC Has $31,000 Stock Position in Jumia Technologies $JMIA

GAMMA Investing LLC grew its position in Jumia Technologies (NYSE:JMIA) by 80.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,795 shares of the company’s stock after buying an additional 3,485 shares during the quarter. GAMMA Investing LLC’s holdings in Jumia Technologies were worth $31,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Deuterium Capital Management LLC purchased a new stake in shares of Jumia Technologies in the first quarter worth approximately $27,000. Farther Finance Advisors LLC purchased a new stake in shares of Jumia Technologies in the second quarter worth approximately $55,000. Central Pacific Bank Trust Division purchased a new stake in shares of Jumia Technologies in the second quarter worth approximately $55,000. PDS Planning Inc purchased a new stake in shares of Jumia Technologies in the first quarter worth approximately $31,000. Finally, Crumly & Associates Inc. lifted its position in shares of Jumia Technologies by 19.7% in the second quarter. Crumly & Associates Inc. now owns 15,813 shares of the company’s stock worth $64,000 after purchasing an additional 2,600 shares in the last quarter. 16.50% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on JMIA shares. Weiss Ratings reissued a “sell (e+)” rating on shares of Jumia Technologies in a research report on Saturday, September 27th. 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 stock from $6.50 to $15.00 in a research report on Tuesday, September 16th. One equities 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.com, Jumia Technologies presently has an average rating of “Hold” and an average target price of $15.00.

Jumia Technologies Trading Down 3.2%

Shares of JMIA opened at $11.59 on Monday. Jumia Technologies has a twelve month low of $1.60 and a twelve month high of $12.37. The company has a quick ratio of 1.28, a current ratio of 1.38 and a debt-to-equity ratio of 0.15. The firm’s 50 day moving average price is $8.61 and its 200 day moving average price is $5.04.

About Jumia Technologies

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.