RWC Asset Management LLP Has $5.63 Million Stake in Jumia Technologies AG (NYSE:JMIA)

RWC Asset Management LLP increased its holdings in shares of Jumia Technologies AG (NYSE:JMIA) by 235.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,473,192 shares of the company’s stock after acquiring an additional 1,033,457 shares during the quarter. RWC Asset Management LLP owned about 1.46% of Jumia Technologies worth $5,628,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in JMIA. Blue Trust Inc. increased its position 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 acquiring an additional 4,225 shares during the period. CenterStar Asset Management LLC acquired a new stake in Jumia Technologies in the fourth quarter valued at approximately $42,000. Ballentine Partners LLC acquired a new position in Jumia Technologies during the fourth quarter worth $49,000. Crumly & Associates Inc. acquired a new position in Jumia Technologies during the 3rd quarter valued at about $55,000. Finally, Wrapmanager Inc. purchased a new position in shares of Jumia Technologies during the third quarter valued at approximately $58,000. 16.50% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada reduced their price objective on Jumia Technologies from $5.00 to $4.75 and set a “sector perform” rating for the company in a report on Friday.

Jumia Technologies Trading Down 2.3 %

NYSE:JMIA opened at $2.76 on Monday. Jumia Technologies AG has a 1-year low of $2.69 and a 1-year high of $15.04. The business has a 50 day moving average of $3.94 and a 200 day moving average of $4.41. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.73 and a current ratio of 1.80.

Jumia Technologies (NYSE:JMIA) last issued its quarterly earnings data on Thursday, February 20th. The company reported ($999.00) EPS for the quarter. Jumia Technologies had a negative net margin of 59.16% and a negative return on equity of 174.93%. The firm had revenue of $45.69 million for the quarter.

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.