Prostatis Group LLC Acquires New Stake in Jumia Technologies $JMIA

Key Points

• Prostatis Group LLC recently acquired a stake in Jumia Technologies, purchasing 71,677 shares valued at approximately $288,000, which gives them 0.06% ownership in the company.
• Jumia Technologies has seen significant activity from institutional investors, with several firms, including Truist Financial and Farther Finance Advisors, making new investments in the company during the second quarter.
• Analysts' ratings for Jumia Technologies vary, with Royal Bank of Canada upgrading the stock target to $15.00, while Weiss Ratings maintains a "sell" rating, leading to an overall consensus of "Hold."

Prostatis Group LLC acquired a new stake in shares of Jumia Technologies (NYSE:JMIA - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 71,677 shares of the company's stock, valued at approximately $288,000. Prostatis Group LLC owned 0.06% of Jumia Technologies as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in the business. Truist Financial Corp bought a new stake in Jumia Technologies during the second quarter valued at $73,000. Retireful LLC bought a new stake in Jumia Technologies during the second quarter worth about $70,000. GAMMA Investing LLC lifted its stake in Jumia Technologies by 80.9% during the second quarter. GAMMA Investing LLC now owns 7,795 shares of the company's stock worth $31,000 after purchasing an additional 3,485 shares during the last quarter. Farther Finance Advisors LLC bought a new stake in Jumia Technologies during the second quarter worth about $55,000. Finally, Key Client Fiduciary Advisors LLC lifted its stake in Jumia Technologies by 45.4% during the second quarter. Key Client Fiduciary Advisors LLC now owns 21,604 shares of the company's stock worth $87,000 after purchasing an additional 6,748 shares during the last quarter. Institutional investors own 16.50% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Royal Bank Of Canada raised Jumia Technologies from a "sector perform" rating to an "outperform" rating and lifted their price target for the stock from $6.50 to $15.00 in a research note on Tuesday, September 16th. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Jumia Technologies in a research note on Wednesday. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Jumia Technologies has a consensus rating of "Hold" and an average price target of $15.00.

Jumia Technologies Trading Down 9.7%

JMIA opened at $11.63 on Friday. The business's 50-day moving average price is $9.36 and its 200-day moving average price is $5.36. The company has a current ratio of 1.38, a quick ratio of 1.28 and a debt-to-equity ratio of 0.15. Jumia Technologies has a 12 month low of $1.60 and a 12 month high of $13.14.

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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