Chime Financial (NASDAQ:CHYM) Director James Feuille Sells 7,229 Shares of Stock

Chime Financial, Inc. (NASDAQ:CHYM) Director James Feuille sold 7,229 shares of the stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $24.82, for a total value of $179,423.78. Following the transaction, the director directly owned 7,037,707 shares in the company, valued at approximately $174,675,887.74. This represents a 0.10% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

• On Thursday, December 11th, James Feuille sold 176,168 shares of Chime Financial stock. The stock was sold at an average price of $27.12, for a total value of $4,777,676.16.

Chime Financial Price Performance

Shares of Chime Financial stock opened at $25.34 on Friday. Chime Financial, Inc. has a 12-month low of $16.17 and a 12-month high of $44.94. The stock’s 50 day moving average is $20.46.

Chime Financial (NASDAQ:CHYM) last released its quarterly earnings results on Wednesday, November 5th. The company reported ($0.15) EPS for the quarter, beating analysts’ consensus estimates of ($0.25) by $0.10. The firm had revenue of $543.52 million during the quarter. During the same quarter last year, the company posted ($0.34) earnings per share. The firm’s revenue for the quarter was up 28.8% on a year-over-year basis.

Institutional Investors Weigh In On Chime Financial

A number of institutional investors have recently added to or reduced their stakes in the company. Galileo PTC Ltd acquired a new position in Chime Financial in the 2nd quarter valued at approximately $1,803,793,000. ICONIQ Capital LLC bought a new stake in shares of Chime Financial during the second quarter valued at approximately $518,844,000. Dragoneer Investment Group LLC acquired a new position in shares of Chime Financial in the second quarter valued at $295,022,000. Capital Research Global Investors raised its stake in shares of Chime Financial by 90.0% in the third quarter. Capital Research Global Investors now owns 6,878,057 shares of the company’s stock valued at $138,730,000 after purchasing an additional 3,258,179 shares in the last quarter. Finally, Orland Properties Ltd bought a new position in Chime Financial in the second quarter worth $159,093,000.

Analyst Ratings Changes

A number of research analysts have weighed in on CHYM shares. UBS Group cut their target price on shares of Chime Financial from $37.00 to $24.00 and set a “neutral” rating for the company in a research report on Thursday, November 6th. Jefferies Financial Group started coverage on Chime Financial in a research report on Monday, November 3rd. They set a “hold” rating and a $17.00 price objective for the company. Piper Sandler decreased their target price on Chime Financial from $35.00 to $30.00 and set an “overweight” rating for the company in a research note on Thursday, November 6th. Arete Research raised Chime Financial to a “strong-buy” rating in a research report on Tuesday, September 30th. Finally, B. Riley assumed coverage on Chime Financial in a report on Thursday, December 11th. They set a “buy” rating and a $35.00 price target for the company. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $32.25.

Chime Financial Company Profile

Chime is a financial technology company that partners with federally regulated, FDIC-insured banks—The Bancorp Bank, N.A. and Stride Bank, N.A., Members FDIC—to provide consumer banking products and services. The company’s model is designed to eliminate common fees and simplify access to basic financial services.

Chime does not charge overdraft fees, monthly service fees, or require minimum balances.