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

Key Points

• Traders bought an unusual volume of call options — 13,659 calls, roughly a 158% increase versus the typical 5,294 — while Jumia shares traded down about 4.7% to $6.36 on Monday.
• Several institutional investors sharply increased positions (e.g., Two Sigma +204.4%, Nomura +361.7%, Jump Financial +3,439.4%, Bank of America +3,250.9%), and analysts carry an average rating of “Moderate Buy” with an average price target of $17.00.

Jumia Technologies (NYSE:JMIA - Get Free Report) saw some unusual options trading activity on Monday. Stock traders acquired 13,659 call options on the stock. This represents an increase of approximately 158% compared to the typical volume of 5,294 call options.

Hedge Funds Weigh In On Jumia Technologies

Several institutional investors have recently modified their holdings of the business. Two Sigma Investments LP lifted its position 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 valued at $20,233,000 after buying an additional 1,170,214 shares during the last quarter. SBI Securities Co. Ltd. increased its holdings in Jumia Technologies by 15.2% in the 4th quarter. SBI Securities Co. Ltd. now owns 536,568 shares of the company's stock worth $6,702,000 after acquiring an additional 70,722 shares during the last quarter. Nomura Holdings Inc. increased 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 acquiring an additional 361,670 shares during the last quarter. Jump Financial LLC raised its stake in 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 during the period. Finally, Bank of America Corp DE raised its stake 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 valued at $3,628,000 after acquiring an additional 303,177 shares during the period. 16.50% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Jumia Technologies Stock Down 4.7%

Jumia Technologies stock traded down $0.31 during midday trading on Monday, hitting $6.36. 1,138,610 shares of the stock were exchanged, compared to its average volume of 2,349,337. Jumia Technologies has a 52-week low of $1.60 and a 52-week high of $14.72. The company has a quick ratio of 1.04, a current ratio of 1.14 and a debt-to-equity ratio of 0.31. The business's 50-day moving average price is $9.46 and its 200-day moving average price is $10.97.

About Jumia Technologies

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.

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