one8zero8 LLC Invests $1.61 Million in Jumia Technologies $JMIA

one8zero8 LLC bought a new stake in shares of Jumia Technologies (NYSE:JMIA) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 138,800 shares of the company’s stock, valued at approximately $1,611,000. one8zero8 LLC owned about 0.11% of Jumia Technologies as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Vanguard Personalized Indexing Management LLC lifted its stake in Jumia Technologies by 12.9% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 19,219 shares of the company’s stock valued at $223,000 after acquiring an additional 2,199 shares in the last quarter. Global Retirement Partners LLC grew its stake in shares of Jumia Technologies by 111.1% in the 3rd quarter. Global Retirement Partners LLC now owns 3,800 shares of the company’s stock worth $44,000 after acquiring an additional 2,000 shares in the last quarter. Yeomans Consulting Group Inc. purchased a new stake in shares of Jumia Technologies in the third quarter valued at about $461,000. GAMMA Investing LLC raised its holdings in shares of Jumia Technologies by 16.6% in the third quarter. GAMMA Investing LLC now owns 9,092 shares of the company’s stock valued at $106,000 after purchasing an additional 1,297 shares during the last quarter. Finally, Osaic Holdings Inc. lifted its position in shares of Jumia Technologies by 5.7% during the second 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 in the last quarter. Institutional investors own 16.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on JMIA. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Jumia Technologies in a research report on Thursday, January 22nd. Benchmark assumed coverage on Jumia Technologies in a research note on Tuesday, November 25th. They issued a “buy” rating and a $18.00 target price on the stock. Finally, Craig Hallum began coverage on Jumia Technologies in a report on Tuesday, December 16th. They issued a “buy” rating and a $18.00 target price for the company. Three investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, Jumia Technologies has an average rating of “Moderate Buy” and a consensus target price of $17.00.

Jumia Technologies Stock Performance

Shares of JMIA stock opened at $12.87 on Thursday. The company has a quick ratio of 1.12, a current ratio of 1.20 and a debt-to-equity ratio of 0.24. Jumia Technologies has a 52 week low of $1.60 and a 52 week high of $14.72. The firm’s 50-day simple moving average is $12.49 and its two-hundred day simple moving average is $10.27.

Jumia Technologies Company Profile

Jumia Technologies AG (NYSE: JMIA) operates as a leading e-commerce and technology platform in Africa, facilitating online retail, logistics and digital payments. The company’s marketplace connects millions of consumers with a diverse array of sellers offering electronics, fashion, home goods, groceries and more. Beyond its core retail services, Jumia has developed JumiaPay, a payment solution that enables secure transactions both on and off its platform, and Jumia Logistics, which provides end-to-end delivery and fulfillment support across the continent.

Jumia serves a broad geographic footprint in Africa, with operations in key markets such as Nigeria, Egypt, Kenya, Morocco, Ghana, Côte d’Ivoire, Uganda, Tunisia and South Africa.