2 weeks Ago By ABMN Staff
Shares of Jumia Technologies AG ( NYSE:JMIA – Get Free Report ) gapped up prior to trading on Friday . The stock had previously closed at $5.21, but opened at $5.
46. Jumia Technologies shares last traded at $5.46, with a volume of 840,972 shares trading hands.
Wall Street Analysts Forecast Growth Separately, Benchmark cut their target price 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.
Read Our Latest Stock Report on Jumia Technologies Jumia Technologies Stock Up 1.7 % Institutional Investors Weigh In On Jumia Technologies A number of hedge funds and other institutional investors have recently made changes to their positions in JMIA. RFG Advisory LLC bought a new position in Jumia Technologies in the first quarter valued at approximately $56,000.
Deuterium Capital Management LLC acquired a new stake in shares of Jumia Technologies in the 1st quarter valued at approximately $63,000. The Manufacturers Life Insurance Company acquired a new position in Jumia Technologies during the 2nd quarter worth approximately $74,000. Boston Standard Wealth Management LLC bought a new position in Jumia Technologies in the 2nd quarter valued at approximately $75,000.
Finally, GAMMA Investing LLC grew its stake in shares of Jumia Technologies by 15.3% during the first quarter. GAMMA Investing LLC now owns 15,191 shares of the company’s stock worth $78,000 after buying an additional 2,011 shares during the last quarter.
16.50% of the stock is currently owned by institutional investors and hedge funds. Jumia Technologies Company Profile ( Get Free Report ) 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. Featured Stories 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 .
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