Investors Purchase Large Volume of Call Options on Jumia Technologies (NYSE:JMIA)

Jumia Technologies (NYSE:JMIA) saw some unusual options trading on Monday. Stock investors purchased 13,659 call options on the stock. This represents an increase of 158% compared to the typical daily volume of 5,294 call options.

Institutional Trading of Jumia Technologies

Several institutional investors have recently made changes to their positions in the stock. Two Sigma Investments LP boosted its stake in shares of Jumia Technologies by 204.4% during the 3rd quarter. Two Sigma Investments LP now owns 1,742,694 shares of the company’s stock worth $20,233,000 after acquiring an additional 1,170,214 shares in the last quarter. Jump Financial LLC raised its stake in shares of Jumia Technologies by 3,439.4% in the 3rd quarter. Jump Financial LLC now owns 432,300 shares of the company’s stock valued at $5,019,000 after acquiring an additional 420,086 shares in the last quarter. Nomura Holdings Inc. lifted its holdings in Jumia Technologies by 361.7% in the 3rd quarter. Nomura Holdings Inc. now owns 461,670 shares of the company’s stock worth $5,360,000 after purchasing an additional 361,670 shares during the last quarter. Bank of America Corp DE lifted its holdings in Jumia Technologies by 3,250.9% in the 3rd quarter. Bank of America Corp DE now owns 312,503 shares of the company’s stock worth $3,628,000 after purchasing an additional 303,177 shares during the last quarter. Finally, Franklin Resources Inc. bought a new stake in Jumia Technologies during the fourth quarter worth approximately $2,894,000. 16.50% of the stock is currently owned by institutional investors and hedge funds.

Jumia Technologies Stock Down 4.0%

NYSE:JMIA opened at $6.41 on Tuesday. Jumia Technologies has a 1-year low of $1.60 and a 1-year high of $14.72. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.14 and a quick ratio of 1.04. The business’s fifty day moving average price is $9.34 and its 200 day moving average price is $10.94.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. New Street Research set a $18.00 price objective on Jumia Technologies in a report on Tuesday, March 10th. Cantor Fitzgerald set a $16.00 target price on Jumia Technologies in a report on Wednesday, February 11th. Craig Hallum reiterated a “buy” rating on shares of Jumia Technologies in a research report on Tuesday, March 10th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of Jumia Technologies in a report on Thursday, January 22nd. Four equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat, Jumia Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $17.00.

Jumia Technologies Company Profile

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.