Hood River Capital Management LLC Invests $93,000 in Jumia Technologies AG (NYSE:JMIA)

Hood River Capital Management LLC bought a new position in shares of Jumia Technologies AG (NYSE:JMIA) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 13,225 shares of the company’s stock, valued at approximately $93,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Boston Standard Wealth Management LLC acquired a new position in shares of Jumia Technologies in the second quarter valued at approximately $75,000. RFG Advisory LLC acquired a new position in shares of Jumia Technologies in the first quarter valued at approximately $56,000. Deuterium Capital Management LLC acquired a new position in shares of Jumia Technologies in the first quarter valued at approximately $63,000. GAMMA Investing LLC increased its holdings in shares of Jumia Technologies by 15.3% in the first quarter. GAMMA Investing LLC now owns 15,191 shares of the company’s stock valued at $78,000 after purchasing an additional 2,011 shares during the period. Finally, International Assets Investment Management LLC increased its holdings in shares of Jumia Technologies by 15.8% in the first quarter. International Assets Investment Management LLC now owns 18,650 shares of the company’s stock valued at $95,000 after purchasing an additional 2,550 shares during the period. Institutional investors and hedge funds own 16.50% of the company’s stock.

Jumia Technologies Price Performance

Jumia Technologies stock opened at $4.51 on Tuesday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.05 and a current ratio of 1.11. Jumia Technologies AG has a 1-year low of $2.22 and a 1-year high of $15.04. The stock’s 50 day moving average price is $7.06 and its 200 day moving average price is $6.76.

Wall Street Analysts Forecast Growth

Separately, Benchmark dropped their target price on Jumia Technologies from $14.00 to $11.00 and set a “buy” rating on the stock in a report on Wednesday, August 7th.

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.