Chime Financial (NASDAQ:CHYM) General Counsel Adam Frankel Sells 4,382 Shares

Chime Financial, Inc. (NASDAQ:CHYM) General Counsel Adam Frankel sold 4,382 shares of Chime Financial stock in a transaction dated Thursday, January 8th. The shares were sold at an average price of $27.29, for a total transaction of $119,584.78. Following the completion of the sale, the general counsel owned 209,500 shares in the company, valued at approximately $5,717,255. This trade represents a 2.05% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Chime Financial Stock Up 0.2%

Shares of Chime Financial stock traded up $0.06 during mid-day trading on Friday, reaching $27.76. 4,003,975 shares of the stock traded hands, compared to its average volume of 3,248,715. Chime Financial, Inc. has a fifty-two week low of $16.17 and a fifty-two week high of $44.94. The stock has a market capitalization of $10.40 billion and a PE ratio of -3.73. The business has a 50-day moving average of $23.10 and a 200 day moving average of $25.23.

Chime Financial (NASDAQ:CHYM) last announced its quarterly earnings data on Wednesday, November 5th. The company reported ($0.15) earnings per share 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 in the prior year, the firm earned ($0.34) EPS. The business’s quarterly revenue was up 28.8% compared to the same quarter last year.

Analyst Ratings Changes

A number of brokerages have commented on CHYM. UBS Group reduced their target price on shares of Chime Financial from $37.00 to $24.00 and set a “neutral” rating on the stock in a research note on Thursday, November 6th. Jefferies Financial Group began coverage on shares of Chime Financial in a report on Monday, November 3rd. They set a “hold” rating and a $17.00 price target for the company. William Blair reiterated an “outperform” rating on shares of Chime Financial in a report on Tuesday, September 30th. Arete Research upgraded Chime Financial to a “strong-buy” rating in a research report on Tuesday, September 30th. Finally, Williams Trading set a $17.00 price target on Chime Financial in a report on Monday, November 3rd. 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’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $32.44.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in CHYM. SG Americas Securities LLC increased its stake in Chime Financial by 111.6% during the fourth quarter. SG Americas Securities LLC now owns 30,952 shares of the company’s stock worth $779,000 after purchasing an additional 16,322 shares during the period. Davis Selected Advisers purchased a new position in shares of Chime Financial in the third quarter valued at approximately $48,391,000. Lunate Capital Ltd acquired a new position in shares of Chime Financial in the third quarter valued at approximately $36,503,000. Armistice Capital LLC purchased a new stake in Chime Financial during the 3rd quarter worth approximately $257,000. Finally, Dark Forest Capital Management LP purchased a new stake in Chime Financial during the 3rd quarter worth approximately $1,185,000.

Chime Financial Company Profile

Chime Financial is a U.S.-based financial technology company offering mobile-first banking services designed to reduce fees and simplify everyday transactions. Founded in 2013 and headquartered in San Francisco, Chime operates a digital bank platform that provides customers with a checking account, a savings account, and a debit card without monthly maintenance fees, overdraft charges, or foreign transaction fees. The company’s platform is accessible via its mobile app, enabling users to manage their finances, track spending, and access customer support from their smartphones.

At the core of Chime’s service offering is its fee-free spending account, which includes early access to direct deposit funds—up to two days before scheduled payday—and instant transaction alerts.