CenterStar Asset Management LLC Purchases New Position in Jumia Technologies AG (NYSE:JMIA)

CenterStar Asset Management LLC acquired a new stake in Jumia Technologies AG (NYSE:JMIA) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 10,900 shares of the company’s stock, valued at approximately $42,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Blue Trust Inc. raised its holdings in Jumia Technologies by 148.4% in the 4th quarter. Blue Trust Inc. now owns 7,072 shares of the company’s stock valued at $27,000 after buying an additional 4,225 shares during the last quarter. Crumly & Associates Inc. bought a new position in shares of Jumia Technologies during the third quarter valued at $55,000. The Manufacturers Life Insurance Company acquired a new position in shares of Jumia Technologies during the second quarter worth $74,000. Wrapmanager Inc. bought a new stake in shares of Jumia Technologies in the third quarter worth $58,000. Finally, Ballentine Partners LLC acquired a new stake in Jumia Technologies in the fourth quarter valued at $49,000. Institutional investors and hedge funds own 16.50% of the company’s stock.

Jumia Technologies Stock Performance

Jumia Technologies stock opened at $3.89 on Tuesday. Jumia Technologies AG has a 52-week low of $2.95 and a 52-week high of $15.04. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.73 and a current ratio of 1.80. The firm has a 50 day moving average price of $4.06 and a two-hundred day moving average price of $5.19.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada started coverage on Jumia Technologies in a research report on Wednesday, November 13th. They issued a “sector perform” rating and a $5.00 price target on the stock.

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.