Atria Investments Inc Buys Shares of 32,873 Jumia Technologies AG (NYSE:JMIA)

Atria Investments Inc purchased a new position in Jumia Technologies AG (NYSE:JMIA) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 32,873 shares of the company’s stock, valued at approximately $176,000.

Several other institutional investors have also modified their holdings of the business. RFG Advisory LLC grew its stake in shares of Jumia Technologies by 13.6% in the second quarter. RFG Advisory LLC now owns 12,500 shares of the company’s stock worth $88,000 after acquiring an additional 1,500 shares in the last quarter. Wealth Effects LLC grew its stake in shares of Jumia Technologies by 4.1% in the second quarter. Wealth Effects LLC now owns 80,310 shares of the company’s stock worth $564,000 after acquiring an additional 3,200 shares in the last quarter. CWM LLC grew its stake in shares of Jumia Technologies by 8.1% during the second quarter. CWM LLC now owns 51,847 shares of the company’s stock worth $364,000 after purchasing an additional 3,881 shares in the last quarter. Boston Standard Wealth Management LLC increased its holdings in Jumia Technologies by 88.1% in the third quarter. Boston Standard Wealth Management LLC now owns 20,201 shares of the company’s stock valued at $108,000 after buying an additional 9,459 shares during the last quarter. Finally, Crumly & Associates Inc. purchased a new position in Jumia Technologies in the third quarter valued at $55,000. Institutional investors and hedge funds own 16.50% of the company’s stock.

Jumia Technologies Trading Up 4.4 %

NYSE JMIA opened at $3.80 on Monday. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.80 and a quick ratio of 1.73. Jumia Technologies AG has a 52-week low of $2.88 and a 52-week high of $15.04. The business’s 50-day moving average price is $4.70 and its 200 day moving average price is $6.59.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. 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. Royal Bank of Canada started coverage on Jumia Technologies in a report on Wednesday, November 13th. They set a “sector perform” rating and a $5.00 price target on the 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.