Stock Traders Buy High Volume of Call Options on Jumia Technologies (NYSE:JMIA)

Jumia Technologies AG (NYSE:JMIAGet Rating) was the recipient of some unusual options trading on Friday. Stock investors bought 20,189 call options on the company. This represents an increase of approximately 50% compared to the average volume of 13,424 call options.

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus lowered their target price on Jumia Technologies from $9.00 to $8.00 in a research note on Tuesday, June 28th.

Jumia Technologies Stock Performance

Shares of NYSE JMIA opened at $7.82 on Friday. The business’s 50-day moving average price is $6.87 and its two-hundred day moving average price is $7.38. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.55 and a current ratio of 2.67. Jumia Technologies has a one year low of $4.47 and a one year high of $21.59.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Renaissance Technologies LLC lifted its position in shares of Jumia Technologies by 1,227.0% in the fourth quarter. Renaissance Technologies LLC now owns 1,210,269 shares of the company’s stock worth $13,797,000 after buying an additional 1,119,069 shares during the last quarter. International Assets Investment Management LLC lifted its position in shares of Jumia Technologies by 17.7% in the first quarter. International Assets Investment Management LLC now owns 22,950 shares of the company’s stock worth $220,000 after buying an additional 3,450 shares during the last quarter. 360 Financial Inc. acquired a new stake in shares of Jumia Technologies in the first quarter worth about $118,000. C2C Wealth Management LLC acquired a new stake in shares of Jumia Technologies in the fourth quarter worth about $116,000. Finally, Key Client Fiduciary Advisors LLC acquired a new stake in shares of Jumia Technologies in the fourth quarter worth about $136,000. Hedge funds and other institutional investors own 19.74% of the company’s stock.

About Jumia Technologies

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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 consumers; logistics service that 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.

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