GSA Capital Partners LLP Sells 190,341 Shares of Jumia Technologies $JMIA

GSA Capital Partners LLP cut its stake in Jumia Technologies (NYSE:JMIA) by 72.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 72,879 shares of the company’s stock after selling 190,341 shares during the quarter. GSA Capital Partners LLP’s holdings in Jumia Technologies were worth $846,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Lido Advisors LLC bought a new stake in Jumia Technologies in the 2nd quarter worth approximately $41,000. Global Retirement Partners LLC grew its stake in shares of Jumia Technologies by 111.1% during the 3rd quarter. Global Retirement Partners LLC now owns 3,800 shares of the company’s stock valued at $44,000 after purchasing an additional 2,000 shares during the period. Jump Financial LLC bought a new stake in shares of Jumia Technologies during the 2nd quarter valued at about $49,000. The Manufacturers Life Insurance Company bought a new position in shares of Jumia Technologies in the 2nd quarter worth approximately $50,000. Finally, Daiwa Securities Group Inc. boosted its holdings in shares of Jumia Technologies by 36.4% in the second quarter. Daiwa Securities Group Inc. now owns 18,618 shares of the company’s stock worth $75,000 after buying an additional 4,971 shares during the last quarter. Institutional investors own 16.50% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on JMIA shares. Cantor Fitzgerald set a $16.00 price target on shares of Jumia Technologies in a research report on Wednesday, February 11th. Benchmark began coverage on Jumia Technologies in a research note on Tuesday, November 25th. They issued a “buy” rating and a $18.00 price objective for the company. Craig Hallum initiated coverage on Jumia Technologies in a research report on Tuesday, December 16th. They set a “buy” rating and a $18.00 target price on the stock. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Jumia Technologies in a research note on Thursday, January 22nd. Four investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $16.75.

Jumia Technologies Trading Down 0.8%

Shares of JMIA stock opened at $9.24 on Friday. The company has a current ratio of 1.14, a quick ratio of 1.04 and a debt-to-equity ratio of 0.31. The stock has a fifty day simple moving average of $12.16 and a two-hundred day simple moving average of $10.96. Jumia Technologies has a 52-week low of $1.60 and a 52-week high of $14.72.

About Jumia Technologies

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.