Shares of Jumia Technologies AG (NYSE:JMIA – Get Free Report) saw strong trading volume on Tuesday . 2,533,443 shares traded hands during mid-day trading, a decline of 37% from the previous session’s volume of 3,993,343 shares.The stock last traded at $6.01 and had previously closed at $10.59.
Analyst Ratings Changes
Separately, Benchmark started coverage on Jumia Technologies in a research report on Tuesday, July 9th. They issued a “buy” rating and a $14.00 price objective for the company.
Get Our Latest Analysis on JMIA
Jumia Technologies Price Performance
Institutional Trading of Jumia Technologies
Hedge funds have recently modified their holdings of the company. Tower Research Capital LLC TRC raised its stake in shares of Jumia Technologies by 430.6% in the fourth quarter. Tower Research Capital LLC TRC now owns 7,688 shares of the company’s stock valued at $27,000 after purchasing an additional 6,239 shares in the last quarter. Global Retirement Partners LLC raised its stake in shares of Jumia Technologies by 138.6% in the 1st quarter. Global Retirement Partners LLC now owns 6,885 shares of the company’s stock valued at $35,000 after buying an additional 4,000 shares in the last quarter. GAMMA Investing LLC bought a new position in shares of Jumia Technologies during the 4th quarter worth about $47,000. RFG Advisory LLC acquired a new stake in shares of Jumia Technologies during the 1st quarter valued at about $56,000. Finally, Daiwa Securities Group Inc. bought a new stake in Jumia Technologies in the fourth quarter valued at about $61,000. Institutional investors own 16.50% of the company’s stock.
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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