DnB Asset Management AS Invests $446,000 in Jumia Technologies AG (NYSE:JMIA)

DnB Asset Management AS bought a new position in Jumia Technologies AG (NYSE:JMIA - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 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 filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. JPMorgan Chase & Co. grew its holdings in Jumia Technologies by 120,393.4% during the third quarter. JPMorgan Chase & Co. now owns 730,190 shares of the company's stock worth $3,899,000 after acquiring an additional 729,584 shares during the period. Dorsey Wright & Associates purchased a new stake in shares of Jumia Technologies during the 3rd quarter worth $1,228,000. SBI Securities Co. Ltd. acquired a new position in shares of Jumia Technologies during the 4th quarter worth $1,171,000. Ballentine Partners LLC purchased a new position in shares of Jumia Technologies in the 4th quarter valued at about $49,000. Finally, Jones Financial Companies Lllp lifted its stake in shares of Jumia Technologies by 65.2% in the fourth quarter. Jones Financial Companies Lllp now owns 35,123 shares of the company's stock valued at $134,000 after purchasing an additional 13,861 shares during the period. Hedge funds and other institutional investors own 16.50% of the company's stock.

Jumia Technologies Price Performance

JMIA traded down $0.05 during trading on Monday, reaching $1.74. 7,270,470 shares of the stock were exchanged, compared to its average volume of 3,957,731. The company has a quick ratio of 1.73, a current ratio of 1.80 and a debt-to-equity ratio of 0.07. Jumia Technologies AG has a 1 year low of $1.60 and a 1 year high of $15.04. The business's 50 day moving average price is $2.93 and its two-hundred day moving average price is $3.87.

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

Wall Street Analysts Forecast Growth

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

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.