Jumia Technologies (NYSE:JMIA) Shares Gap Down - Time to Sell?

Key Points

• Jumia Technologies shares opened lower at $8.05, down from a previous close of $8.60, with the latest trading at $8.25 and a volume of 846,253 shares.
• Analysts have a consensus rating of "Hold" on Jumia Technologies, with an average price target of $4.75, according to MarketBeat.com.
• Institutional investors own 16.50% of Jumia Technologies, with notable purchases including Deuterium Capital Management and GAMMA Investing LLC increasing their stakes significantly.

Jumia Technologies (NYSE:JMIA - Get Free Report) shares gapped down prior to trading on Tuesday . The stock had previously closed at $8.60, but opened at $8.05. Jumia Technologies shares last traded at $8.25, with a volume of 846,253 shares trading hands.

Analysts Set New Price Targets

Separately, Royal Bank Of Canada reiterated a "sector perform" rating on shares of Jumia Technologies in a report on Monday, August 11th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $4.75.

Jumia Technologies Trading Up 7.8%

The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.28 and a current ratio of 1.38. The company has a 50-day moving average of $5.99 and a 200-day moving average of $3.83.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Osaic Holdings Inc. boosted its position in shares of Jumia Technologies by 5.7% in the 2nd quarter. Osaic Holdings Inc. now owns 42,348 shares of the company's stock valued at $170,000 after purchasing an additional 2,300 shares during the period. Ameriprise Financial Inc. lifted its stake in Jumia Technologies by 11.0% in the 4th quarter. Ameriprise Financial Inc. now owns 24,717 shares of the company's stock worth $94,000 after acquiring an additional 2,455 shares in the last quarter. Crumly & Associates Inc. raised its stake in shares of Jumia Technologies by 19.7% during the 2nd quarter. Crumly & Associates Inc. now owns 15,813 shares of the company's stock worth $64,000 after purchasing an additional 2,600 shares in the last quarter. WealthTrust Axiom LLC raised its stake in shares of Jumia Technologies by 17.5% during the 2nd quarter. WealthTrust Axiom LLC now owns 20,161 shares of the company's stock worth $81,000 after purchasing an additional 3,000 shares in the last quarter. Finally, Profund Advisors LLC raised its stake in shares of Jumia Technologies by 3.6% in the 2nd quarter. Profund Advisors LLC now owns 99,827 shares of the company's stock valued at $401,000 after acquiring an additional 3,447 shares in the last quarter. Institutional investors own 16.50% of the company's stock.

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.