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

Jumia Technologies AG (NYSE:JMIAGet Free Report) saw unusually large options trading activity on Tuesday. Stock investors acquired 17,357 call options on the stock. This is an increase of 21% compared to the typical volume of 14,298 call options.

Analyst Ratings Changes

Separately, Benchmark started coverage on shares of Jumia Technologies in a research note on Tuesday. They set a “buy” rating and a $14.00 price target for the company.

Check Out Our Latest Research Report on JMIA

Hedge Funds Weigh In On Jumia Technologies

Hedge funds and other institutional investors have recently made changes to their positions in the company. Global Retirement Partners LLC grew its stake 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 in the last quarter. Tower Research Capital LLC TRC lifted its holdings in Jumia Technologies by 430.6% during the 4th quarter. Tower Research Capital LLC TRC now owns 7,688 shares of the company’s stock valued at $27,000 after purchasing an additional 6,239 shares during the last quarter. Boston Standard Wealth Management LLC acquired a new stake in Jumia Technologies during the 2nd quarter valued at $75,000. RFG Advisory LLC acquired a new stake in Jumia Technologies during the 1st quarter valued at $56,000. Finally, Deuterium Capital Management LLC acquired a new stake in Jumia Technologies during the 1st quarter valued at $63,000. 16.50% of the stock is owned by institutional investors.

Jumia Technologies Price Performance

NYSE:JMIA opened at $11.76 on Thursday. Jumia Technologies has a 1-year low of $2.22 and a 1-year high of $12.09. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.27 and a quick ratio of 1.19. The firm has a fifty day simple moving average of $7.32 and a 200 day simple moving average of $5.45.

About Jumia Technologies

(Get Free Report)

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.

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