Chime Financial (NASDAQ:CHYM) Director Sells $3,099,259.80 in Stock

Chime Financial, Inc. (NASDAQ:CHYM) Director James Feuille sold 93,492 shares of the business’s stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of $33.15, for a total value of $3,099,259.80. Following the sale, the director owned 6,944,215 shares in the company, valued at approximately $230,200,727.25. The trade was a 1.33% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

James Feuille also recently made the following trade(s):

• On Wednesday, September 16th, James Feuille sold 256,837 shares of Chime Financial stock. The stock was sold at an average price of $32.33, for a total transaction of $8,303,540.21.
• On Monday, September 14th, James Feuille sold 95,400 shares of Chime Financial stock. The stock was sold at an average price of $34.09, for a total transaction of $3,252,186.00.
• On Friday, September 11th, James Feuille sold 258,398 shares of Chime Financial stock. The shares were sold at an average price of $32.94, for a total transaction of $8,511,630.12.

Chime Financial Stock Performance

Chime Financial stock opened at $31.25 on Thursday. Chime Financial, Inc. has a 52 week low of $15.88 and a 52 week high of $35.55. The firm has a market capitalization of $11.83 billion, a price-to-earnings ratio of -446.36 and a beta of 0.60. The company has a 50 day moving average price of $28.44 and a 200 day moving average price of $22.76.

Chime Financial (NASDAQ:CHYM) last released its earnings results on Wednesday, August 5th. The company reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.08. The company had revenue of $669.77 million during the quarter. Chime Financial had a negative return on equity of 1.28% and a negative net margin of 0.74%.Chime Financial’s revenue for the quarter was up 26.8% on a year-over-year basis. During the same quarter in the previous year, the company earned ($7.29) EPS. Equities analysts forecast that Chime Financial, Inc. will post 0.44 earnings per share for the current fiscal year.

Key Headlines Impacting Chime Financial

Here are the key news stories impacting Chime Financial this week:

• Positive Sentiment: Analysts remain bullish: Goldman Sachs raised its price target to $37 and maintained a “Buy” rating. B. Riley lifted its target to $44, while Rothschild & Co Redburn upgraded CHYM to “Buy” with a $46 target. These calls indicate continued confidence in Chime’s growth outlook. B. Riley raises Chime price target Rothschild upgrades Chime
• Positive Sentiment: Bank acquisition offers strategic upside: Chime agreed to acquire Central Service Corporation, the parent of Stride Bank, for $590 million in cash. Pending regulatory approvals, the transaction would allow Stride to become Chime Bank, N.A., giving Chime greater control over its banking infrastructure and potentially improving long-term economics. Chime bank acquisition analysis
• Positive Sentiment: Operating momentum remains favorable: Chime’s latest results showed revenue growth of 26.8% year over year, 10.4 million active members and a second consecutive quarter of GAAP profitability. The company also raised its full-year outlook.
• Neutral Sentiment: New York expansion: Chime opened a new office in New York, supporting its corporate and hiring footprint, although the announcement is unlikely to materially change near-term earnings expectations. Chime opens New York office
• Negative Sentiment: Heavy insider selling is a sentiment headwind: General Counsel Adam Frankel sold 102,002 shares for about $3.4 million, and Director James Feuille sold 352,237 shares worth roughly $11.6 million across two transactions. A major shareholder also sold 207,513 shares for approximately $6.9 million. Recent disclosures show numerous insider sales and no reported open-market purchases over the past six months. Some transactions were conducted under pre-arranged Rule 10b5-1 plans, but the volume may still reinforce profit-taking concerns. SEC insider sale filing
• Negative Sentiment: Acquisition risks are being reassessed: Investors are weighing regulatory approval, integration costs and capital requirements associated with the Stride transaction. After the recent run-up, these uncertainties have contributed to increased volatility and pressure on CHYM.

Wall Street Analyst Weigh In

A number of brokerages have commented on CHYM. BMO Capital Markets raised their price objective on Chime Financial from $28.00 to $32.00 and gave the stock an “outperform” rating in a research report on Thursday, August 6th. The Goldman Sachs Group increased their price target on shares of Chime Financial from $33.00 to $37.00 and gave the stock a “buy” rating in a research report on Tuesday. Barclays raised their price target on shares of Chime Financial from $33.00 to $40.00 and gave the stock an “overweight” rating in a report on Wednesday, September 9th. Weiss Ratings raised shares of Chime Financial from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, September 3rd. Finally, Morgan Stanley upped their price objective on shares of Chime Financial from $39.00 to $40.00 and gave the company an “overweight” rating in a research note on Wednesday, September 9th. Four equities research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $36.40.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Murphy & Mullick Capital Management Corp acquired a new stake in shares of Chime Financial during the 1st quarter valued at about $44,000. Leonteq Securities AG acquired a new position in Chime Financial in the fourth quarter worth approximately $93,000. PNC Financial Services Group Inc. raised its position in Chime Financial by 835.7% during the first quarter. PNC Financial Services Group Inc. now owns 9,394 shares of the company’s stock valued at $176,000 after acquiring an additional 8,390 shares in the last quarter. OMERS ADMINISTRATION Corp bought a new position in Chime Financial during the first quarter valued at approximately $189,000. Finally, Affinity Capital Advisors LLC acquired a new stake in Chime Financial in the second quarter valued at approximately $325,000.

About Chime Financial

Chime Financial, Inc is a financial technology company that operates a digital banking platform in the United States. Chime provides consumer-focused banking services through its mobile application and website, offering checking and savings accounts, debit cards, direct-deposit services and tools designed to help customers manage their everyday finances. Chime is not a traditional bank; its banking services are provided through partner financial institutions.

The company’s products include a Visa debit card, fee-free overdraft protection through SpotMe for eligible members, early access to qualifying direct deposits, savings features and credit-building products.