Prostatis Group LLC Invests $288,000 in Jumia Technologies $JMIA

Prostatis Group LLC purchased a new stake in shares of Jumia Technologies (NYSE:JMIA) during the second quarter, HoldingsChannel.com reports. The firm purchased 71,677 shares of the company’s stock, valued at approximately $288,000.

A number of other hedge funds also recently bought and sold shares of the business. SBI Securities Co. Ltd. increased its holdings in Jumia Technologies by 30.4% during the 1st quarter. SBI Securities Co. Ltd. now owns 399,663 shares of the company’s stock valued at $859,000 after purchasing an additional 93,184 shares during the period. Revisor Wealth Management LLC purchased a new position in Jumia Technologies during the 1st quarter valued at about $399,000. Banque Transatlantique SA increased its holdings in Jumia Technologies by 109,875.5% during the 1st quarter. Banque Transatlantique SA now owns 120,973 shares of the company’s stock valued at $240,000 after purchasing an additional 120,863 shares during the period. Insigneo Advisory Services LLC increased its holdings in Jumia Technologies by 15.2% during the 1st quarter. Insigneo Advisory Services LLC now owns 77,150 shares of the company’s stock valued at $166,000 after purchasing an additional 10,200 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Jumia Technologies by 40.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 66,172 shares of the company’s stock valued at $142,000 after purchasing an additional 19,072 shares during the period. Hedge funds and other institutional investors own 16.50% of the company’s stock.

Jumia Technologies Price Performance

Jumia Technologies stock opened at $11.63 on Friday. The stock’s 50 day simple moving average is $9.36 and its two-hundred day simple moving average is $5.36. The company has a quick ratio of 1.28, a current ratio of 1.38 and a debt-to-equity ratio of 0.15. Jumia Technologies has a fifty-two week low of $1.60 and a fifty-two week high of $13.14.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on JMIA shares. Weiss Ratings restated a “sell (e+)” rating on shares of Jumia Technologies in a report on Wednesday. Royal Bank Of Canada upgraded Jumia Technologies from a “sector perform” rating to an “outperform” rating and boosted their price target for the company from $6.50 to $15.00 in a report on Tuesday, September 16th. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $15.00.

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.