Jumia Technologies AG (NYSE:JMIA – Get Free Report) shares gapped down before the market opened on Monday . The stock had previously closed at $10.69, but opened at $9.07. Jumia Technologies shares last traded at $10.04, with a volume of 793,802 shares.
Wall Street Analyst Weigh In
Separately, Benchmark dropped their price target on Jumia Technologies from $14.00 to $11.00 and set a “buy” rating on the stock in a research report on Wednesday.
View Our Latest Stock Analysis on JMIA
Jumia Technologies Price Performance
Institutional Investors Weigh In On Jumia Technologies
Several institutional investors have recently made changes to their positions in the stock. Global Retirement Partners LLC lifted its stake in shares of Jumia Technologies by 138.6% in the first quarter. Global Retirement Partners LLC now owns 6,885 shares of the company’s stock valued at $35,000 after purchasing an additional 4,000 shares during the period. Tower Research Capital LLC TRC grew its holdings in shares of Jumia Technologies by 430.6% in the 4th quarter. Tower Research Capital LLC TRC now owns 7,688 shares of the company’s stock worth $27,000 after acquiring an additional 6,239 shares during the period. Boston Standard Wealth Management LLC purchased a new position in Jumia Technologies in the 2nd quarter valued at approximately $75,000. RFG Advisory LLC acquired a new position in Jumia Technologies during the first quarter worth $56,000. Finally, Deuterium Capital Management LLC purchased a new stake in Jumia Technologies during the first quarter worth $63,000. 16.50% of the stock is currently owned by hedge funds and other institutional investors.
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.
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