Clear Perspective Advisors LLC Takes Position in Jumia Technologies AG (NYSE:JMIA)

Clear Perspective Advisors LLC bought a new stake in shares of Jumia Technologies AG (NYSE:JMIA) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 8,284 shares of the company’s stock, valued at approximately $251,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Credit Agricole S A acquired a new position in Jumia Technologies during the first quarter valued at $25,000. Albion Financial Group UT acquired a new position in Jumia Technologies in the 2nd quarter worth about $30,000. First Horizon Advisors Inc. increased its position in Jumia Technologies by 3,715.6% in the 2nd quarter. First Horizon Advisors Inc. now owns 1,221 shares of the company’s stock worth $37,000 after purchasing an additional 1,189 shares during the last quarter. Arkadios Wealth Advisors increased its position in Jumia Technologies by 148.6% in the 2nd quarter. Arkadios Wealth Advisors now owns 1,564 shares of the company’s stock worth $47,000 after purchasing an additional 935 shares during the last quarter. Finally, RMR Wealth Builders increased its holdings in shares of Jumia Technologies by 35.7% during the 1st quarter. RMR Wealth Builders now owns 1,900 shares of the company’s stock valued at $67,000 after acquiring an additional 500 shares during the last quarter. 35.57% of the stock is owned by institutional investors and hedge funds.

JMIA traded down $0.18 on Thursday, hitting $19.00. 20,899 shares of the stock traded hands, compared to its average volume of 3,543,566. The company has a current ratio of 4.61, a quick ratio of 4.53 and a debt-to-equity ratio of 0.02. The business has a fifty day moving average price of $19.43 and a two-hundred day moving average price of $25.48. Jumia Technologies AG has a 52 week low of $11.63 and a 52 week high of $69.89.

A number of brokerages have recently commented on JMIA. Zacks Investment Research raised Jumia Technologies from a “sell” rating to a “hold” rating in a report on Wednesday. Morgan Stanley lowered their price objective on Jumia Technologies from $32.00 to $21.00 and set an “equal weight” rating on the stock in a report on Tuesday, July 20th.

Jumia Technologies Company Profile

Jumia Technologies AG engages in the provision of logistic services. It operates though e-Commerce platform segment. The e-Commerce platform segment consists of marketplace, which connects sellers with consumers to its logistics service, which enables the shipment and delivery of packages from sellers to consumers, and payment service, which facilitates transactions among participants active on platform in selected markets.

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Institutional Ownership by Quarter for Jumia Technologies (NYSE:JMIA)

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