Shares of Jumia Technologies AG (NYSE:JMIA – Get Free Report) saw unusually-high trading volume on Tuesday . Approximately 2,188,134 shares were traded during trading, a decline of 49% from the previous session’s volume of 4,332,195 shares.The stock last traded at $5.23 and had previously closed at $5.06.
Wall Street Analyst Weigh In
Separately, Benchmark reduced their price target on shares of Jumia Technologies from $14.00 to $11.00 and set a “buy” rating for the company in a research note on Wednesday, August 7th.
View Our Latest Stock Report on JMIA
Jumia Technologies Price Performance
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the company. Virtu Financial LLC purchased a new position in shares of Jumia Technologies during the first quarter valued at $705,000. Headlands Technologies LLC purchased a new stake in shares of Jumia Technologies in the 2nd quarter worth approximately $931,000. Susquehanna Fundamental Investments LLC bought a new position in shares of Jumia Technologies during the first quarter valued at approximately $528,000. Capstone Investment Advisors LLC purchased a new stake in Jumia Technologies during the first quarter worth $466,000. Finally, XTX Topco Ltd bought a new stake in Jumia Technologies during the 2nd quarter valued at $359,000. 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.
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