Jumia Technologies Sees Unusually High Options Volume (NYSE:JMIA)

Jumia Technologies AG (NYSE:JMIA) was the recipient of unusually large options trading on Wednesday. Stock investors purchased 40,321 call options on the company. This is an increase of 160% compared to the typical volume of 15,531 call options.

Analysts Set New Price Targets

Separately, Benchmark started coverage on Jumia Technologies in a research report on Tuesday, July 9th. They set a “buy” rating and a $14.00 target price for the company.

Jumia Technologies Stock Up 0.4 %

Shares of NYSE JMIA opened at $12.29 on Friday. 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 business has a fifty day simple moving average of $8.83 and a two-hundred day simple moving average of $6.15. Jumia Technologies has a twelve month low of $2.22 and a twelve month high of $15.04.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. Virtu Financial LLC bought a new position in shares of Jumia Technologies in the 1st quarter worth $705,000. Raymond James Financial Services Advisors Inc. raised its position in shares of Jumia Technologies by 5.5% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 119,588 shares of the company’s stock worth $422,000 after acquiring an additional 6,245 shares in the last quarter. Citigroup Inc. raised its position in shares of Jumia Technologies by 12.2% in the 3rd quarter. Citigroup Inc. now owns 117,783 shares of the company’s stock worth $311,000 after acquiring an additional 12,800 shares in the last quarter. Susquehanna Fundamental Investments LLC purchased a new position in Jumia Technologies during the 1st quarter worth $528,000. Finally, Capstone Investment Advisors LLC purchased a new position in Jumia Technologies during the 1st quarter worth $466,000. 16.50% of the stock is owned by institutional investors.

Jumia Technologies Company Profile

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.