Parallel Advisors LLC Has $2.53 Million Position in Chime Financial, Inc. $CHYM

Parallel Advisors LLC reduced its stake in shares of Chime Financial, Inc. (NASDAQ:CHYM) by 21.7% during the 1st quarter, HoldingsChannel reports. The fund owned 134,980 shares of the company’s stock after selling 37,500 shares during the period. Parallel Advisors LLC’s holdings in Chime Financial were worth $2,528,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. EverSource Wealth Advisors LLC purchased a new stake in shares of Chime Financial during the second quarter worth $33,000. Scopus Asset Management L.P. acquired a new stake in Chime Financial during the second quarter valued at $34,000. PNC Financial Services Group Inc. purchased a new position in Chime Financial in the fourth quarter valued at about $25,000. Daiwa Securities Group Inc. acquired a new position in Chime Financial in the 2nd quarter worth about $40,000. Finally, Caitong International Asset Management Co. Ltd increased its position in Chime Financial by 686.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,462 shares of the company’s stock worth $37,000 after purchasing an additional 1,276 shares during the last quarter.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. UBS Group raised their price target on Chime Financial from $26.00 to $28.00 and gave the stock a “neutral” rating in a research note on Thursday. The Goldman Sachs Group increased their price objective on Chime Financial from $26.00 to $33.00 and gave the stock a “buy” rating in a report on Thursday. Freedom Capital raised shares of Chime Financial to a “strong-buy” rating in a research report on Thursday, July 23rd. Piper Sandler lifted their target price on shares of Chime Financial from $30.00 to $35.00 and gave the company an “overweight” rating in a research note on Thursday. Finally, Canaccord Genuity Group boosted their target price on shares of Chime Financial from $40.00 to $45.00 and gave the stock a “buy” rating in a research report on Thursday. Four investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Chime Financial has a consensus rating of “Moderate Buy” and a consensus price target of $30.67.

Insider Buying and Selling

In other Chime Financial news, General Counsel Adam B. Frankel sold 3,000 shares of the stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $17.50, for a total transaction of $52,500.00. Following the transaction, the general counsel owned 303,795 shares in the company, valued at $5,316,412.50. This trade represents a 0.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Amine Asmerom sold 10,000 shares of the stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $25.00, for a total value of $250,000.00. Following the transaction, the chief accounting officer owned 226,946 shares in the company, valued at approximately $5,673,650. This trade represents a 4.22% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 16,000 shares of company stock valued at $356,500 in the last ninety days. Company insiders own 12.30% of the company’s stock.

Chime Financial Price Performance

Shares of NASDAQ:CHYM opened at $31.25 on Friday. The stock has a market capitalization of $11.91 billion, a P/E ratio of -446.36 and a beta of 0.31. The business has a 50-day moving average of $20.31 and a two-hundred day moving average of $20.77. Chime Financial, Inc. has a fifty-two week low of $15.88 and a fifty-two week high of $33.99.

Chime Financial (NASDAQ:CHYM) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.08. Chime Financial had a negative return on equity of 1.27% and a negative net margin of 0.74%.The business had revenue of $669.77 million for the quarter. During the same period in the prior year, the company posted ($7.29) EPS. The business’s revenue was up 26.8% on a year-over-year basis. As a group, research analysts expect that Chime Financial, Inc. will post 0.3 EPS for the current fiscal year.

Trending Headlines about Chime Financial

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

• Positive Sentiment: Chime reported second-quarter earnings of $0.07 per share, versus analysts’ expectations for a $0.01 loss. Revenue rose 26.8% year over year to $669.77 million, while management cited expanding margins and a second consecutive quarter of GAAP profitability. Chime Reports Second Quarter 2026 Financial Results
• Positive Sentiment: Third-quarter revenue guidance of $680 million to $690 million exceeded the $669.5 million consensus estimate. Chime also raised its 2026 revenue-growth outlook, supported by demand for its digital banking products, Chime Prime, liquidity products and employer partnerships. Chime 2026 Revenue Forecast and Workforce Reduction
• Positive Sentiment: Analysts broadly raised their targets following the results. Canaccord Genuity increased its target to $45 with a buy rating; B. Riley raised its target to $37; Piper Sandler and Keefe, Bruyette & Woods lifted theirs to $35; Morgan Stanley raised its target to $33 with an overweight rating; and Goldman Sachs increased its target to $33 with a buy rating. Analyst Price Target Revisions
• Neutral Sentiment: UBS raised its price target from $26 to $28 but maintained a neutral rating, suggesting some analysts believe the improved outlook is already reflected in the stock. UBS Price Target Revision
• Neutral Sentiment: CFO Matt Newcomb is scheduled to depart, creating a leadership transition that investors will monitor. Chime Revenue Forecast and CFO Departure
• Negative Sentiment: Chime plans to reduce its workforce by approximately 10%. The move could support efficiency and margins, but it also signals cost pressures and may raise concerns about execution or growth investments. Chime Workforce Reduction

Chime Financial 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.