Graham Capital Management L.P. Has $802,000 Position in Jumia Technologies AG (NYSE:JMIA)

Graham Capital Management L.P. increased its stake in Jumia Technologies AG (NYSE:JMIA - Free Report) by 61.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 210,024 shares of the company's stock after acquiring an additional 80,115 shares during the quarter. Graham Capital Management L.P. owned approximately 0.21% of Jumia Technologies worth $802,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Signaturefd LLC increased its holdings in shares of Jumia Technologies by 98.9% in the 4th quarter. Signaturefd LLC now owns 6,809 shares of the company's stock valued at $26,000 after purchasing an additional 3,385 shares during the period. Blue Trust Inc. boosted its position in Jumia Technologies by 148.4% during the fourth quarter. Blue Trust Inc. now owns 7,072 shares of the company's stock valued at $27,000 after purchasing an additional 4,225 shares during the last quarter. Scotia Capital Inc. purchased a new stake in shares of Jumia Technologies during the 4th quarter worth about $38,000. CenterStar Asset Management LLC bought a new stake in shares of Jumia Technologies in the 4th quarter valued at approximately $42,000. Finally, Ballentine Partners LLC acquired a new position in Jumia Technologies in the fourth quarter worth approximately $49,000. 16.50% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Jumia Technologies Price Performance

NYSE:JMIA traded down $0.10 during midday trading on Monday, reaching $3.11. The stock had a trading volume of 886,256 shares, compared to its average volume of 3,941,592. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.73 and a current ratio of 1.80. Jumia Technologies AG has a 1-year low of $1.60 and a 1-year high of $15.04. The firm's fifty day simple moving average is $2.38 and its 200-day simple moving average is $3.31.

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

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.