DnB Asset Management AS Makes New Investment in Jumia Technologies AG (NYSE:JMIA)

DnB Asset Management AS purchased a new stake in Jumia Technologies AG (NYSE:JMIA - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 116,701 shares of the company's stock, valued at approximately $446,000. DnB Asset Management AS owned 0.12% of Jumia Technologies as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of JMIA. Townsquare Capital LLC acquired a new stake in Jumia Technologies during the 3rd quarter valued at $236,000. Centiva Capital LP purchased a new position in shares of Jumia Technologies during the third quarter valued at $87,000. Point72 Asset Management L.P. acquired a new position in Jumia Technologies during the third quarter valued at $442,000. Stifel Financial Corp lifted its stake in Jumia Technologies by 45.3% in the 3rd quarter. Stifel Financial Corp now owns 86,082 shares of the company's stock worth $460,000 after acquiring an additional 26,855 shares in the last quarter. Finally, State Street Corp boosted its position in Jumia Technologies by 1.4% during the 3rd quarter. State Street Corp now owns 709,752 shares of the company's stock worth $3,790,000 after acquiring an additional 9,567 shares during the period. Hedge funds and other institutional investors own 16.50% of the company's stock.

Jumia Technologies Price Performance

Shares of Jumia Technologies stock traded down $0.24 on Friday, hitting $1.75. 17,429,268 shares of the company traded hands, compared to its average volume of 3,940,569. The company has a current ratio of 1.80, a quick ratio of 1.73 and a debt-to-equity ratio of 0.07. Jumia Technologies AG has a 12-month low of $1.75 and a 12-month high of $15.04. The company has a 50-day moving average price of $3.02 and a 200 day moving average price of $3.92.

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Jumia Technologies (NYSE:JMIA - Get Free Report) last issued its earnings results on Thursday, February 20th. The company reported ($999.00) earnings per share for the quarter. The firm had revenue of $45.69 million during the quarter. Jumia Technologies had a negative return on equity of 174.93% and a negative net margin of 59.16%.

Analysts Set New Price Targets

Separately, Royal Bank of Canada dropped their target price on Jumia Technologies from $5.00 to $4.75 and set a "sector perform" rating on the stock in a report on Friday, February 21st.

Jumia Technologies 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.