"Jumia Technologies AG (NYSE: JMIA)
Number of Hedge Fund Holders: 16
Jumia Technologies AG (NYSE: JMIA) is an e-commerce platform operating in Africa, Portugal, Germany, and the UAE. The company’s platform includes a marketplace that connects buyers to sellers and also enables the shipment and delivery of packages. It ranks 12th on our list of the best stocks under $50.
This May, Jumia Technologies AG (NYSE: JMIA) was reportedly still rising since the company’s reported losses in Q1 began to decrease, as operating losses fell by 23%, while adjusted EBITDA losses fell by 24%. Additionally, as of this June, the stock has gained about 4% after receiving attention on Reddit's WallStreetBets Forum. In the first quarter of 2021, Jumia Technologies AG (NYSE: JMIA) had an EPS of $0.00, beating estimates by $0.45, while its revenue was $33.26 million, up 5.1% year over year but missing estimates by -$10.10 million. The company's gross profit margin is 68.86%, and the stock has gained 394.12% in the past year.
As of the end of the first quarter of 2021, 16 hedge funds out of the 866 tracked by Insider Monkey held stakes in Jumia Technologies AG (NYSE: JMIA), with a total stake value of about $123 million. This is compared to 13 hedge funds in the previous quarter, with a total stake value of roughly $241 million. Like Apple Inc. (NASDAQ: AAPL), Amazon.com, Inc. (NASDAQ: AMZN), Alphabet Inc. (NASDAQ: GOOG), and Facebook, Inc. (NASDAQ: FB), Jumia Technologies AG (NYSE: JMIA) is a good stock to invest in."
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