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

Jumia Technologies AG (NYSE:JMIA) was the recipient of unusually large options trading activity on Tuesday. Stock traders bought 17,357 call options on the company. This is an increase of approximately 21% compared to the average volume of 14,298 call options.

Analyst Ratings Changes

Separately, Benchmark began coverage on shares of Jumia Technologies in a report on Tuesday. They issued a “buy” rating and a $14.00 price target on the stock.

Jumia Technologies Trading Up 7.0 %

Shares of NYSE JMIA opened at $11.76 on Thursday. Jumia Technologies has a 12-month low of $2.22 and a 12-month high of $12.09. The company has a quick ratio of 1.19, a current ratio of 1.27 and a debt-to-equity ratio of 0.05. The firm’s 50-day moving average is $7.32 and its two-hundred day moving average is $5.45.

Institutional Trading of Jumia Technologies

Several institutional investors and hedge funds have recently modified their holdings of JMIA. Global Retirement Partners LLC raised its position in shares of Jumia Technologies by 138.6% in the first quarter. Global Retirement Partners LLC now owns 6,885 shares of the company’s stock valued at $35,000 after buying an additional 4,000 shares during the last quarter. Tower Research Capital LLC TRC increased its position in Jumia Technologies by 430.6% during the fourth quarter. Tower Research Capital LLC TRC now owns 7,688 shares of the company’s stock worth $27,000 after purchasing an additional 6,239 shares during the last quarter. Boston Standard Wealth Management LLC acquired a new position in Jumia Technologies during the second quarter worth approximately $75,000. RFG Advisory LLC acquired a new position in Jumia Technologies during the first quarter worth approximately $56,000. Finally, Deuterium Capital Management LLC acquired a new position in Jumia Technologies during the first quarter worth approximately $63,000. Hedge funds and other institutional investors own 16.50% of the company’s 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.