66,950 Shares in Jumia Technologies AG (NYSE:JMIA) Purchased by Insigneo Advisory Services LLC

Insigneo Advisory Services LLC purchased a new stake in shares of Jumia Technologies AG (NYSE:JMIA) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 66,950 shares of the company’s stock, valued at approximately $256,000. Insigneo Advisory Services LLC owned about 0.07% of Jumia Technologies as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Signaturefd LLC lifted its position in Jumia Technologies by 98.9% during the 4th quarter. Signaturefd LLC now owns 6,809 shares of the company’s stock worth $26,000 after buying an additional 3,385 shares in the last quarter. Blue Trust Inc. increased its holdings in shares of Jumia Technologies by 148.4% in 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 in the last quarter. Scotia Capital Inc. bought a new position in Jumia Technologies in the 4th quarter worth approximately $38,000. CenterStar Asset Management LLC bought a new position in Jumia Technologies in the 4th quarter valued at $42,000. Finally, Ballentine Partners LLC bought a new stake in shares of Jumia Technologies during the fourth quarter worth $49,000. 16.50% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada decreased their price target on Jumia Technologies from $5.00 to $4.75 and set a “sector perform” rating on the stock in a report on Friday, February 21st.

Jumia Technologies Stock Up 2.7 %

JMIA opened at $2.11 on Friday. The firm has a 50 day simple moving average of $2.49 and a 200 day simple moving average of $3.67. Jumia Technologies AG has a fifty-two week low of $1.60 and a fifty-two week high of $15.04. 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 (NYSE:JMIA) last released its earnings results on Thursday, February 20th. The company reported ($999.00) EPS for the quarter. The business had revenue of $45.69 million for the quarter. Jumia Technologies had a negative return on equity of 174.93% and a negative net margin of 59.16%.

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.