54,651 Shares in Chime Financial, Inc. $CHYM Purchased by G2 Investment Partners Management LLC

G2 Investment Partners Management LLC acquired a new stake in shares of Chime Financial, Inc. (NASDAQ:CHYM) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 54,651 shares of the company’s stock, valued at approximately $1,886,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Galileo PTC Ltd acquired a new stake in shares of Chime Financial during the second quarter valued at approximately $1,803,793,000. Dragoneer Investment Group LLC acquired a new position in Chime Financial in the 2nd quarter worth approximately $295,022,000. Scge Management L.P. acquired a new stake in Chime Financial during the 2nd quarter valued at $152,563,000. SkyBridge Capital II LLC acquired a new stake in Chime Financial during the 2nd quarter valued at $49,771,000. Finally, Alliancebernstein L.P. purchased a new stake in shares of Chime Financial in the second quarter valued at $40,780,000.

Analysts Set New Price Targets

CHYM has been the topic of a number of research analyst reports. Jefferies Financial Group assumed coverage on Chime Financial in a report on Monday, November 3rd. They set a “hold” rating and a $17.00 price target on the stock. Williams Trading set a $17.00 target price on Chime Financial in a research note on Monday, November 3rd. Keefe, Bruyette & Woods dropped their target price on Chime Financial from $42.00 to $35.00 and set an “outperform” rating on the stock in a report on Wednesday, October 1st. Weiss Ratings reissued a “sell (d-)” rating on shares of Chime Financial in a research report on Wednesday, October 8th. Finally, William Blair reaffirmed an “outperform” rating on shares of Chime Financial in a research report on Tuesday, September 30th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $32.25.

Chime Financial Trading Down 4.7%

Shares of NASDAQ CHYM opened at $26.19 on Friday. Chime Financial, Inc. has a one year low of $16.17 and a one year high of $44.94. The company has a 50-day moving average price of $20.15.

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

Insider Transactions at Chime Financial

In other Chime Financial news, General Counsel Adam B. Frankel sold 1,000 shares of Chime Financial stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of $25.50, for a total value of $25,500.00. Following the completion of the sale, the general counsel directly owned 252,416 shares in the company, valued at $6,436,608. The trade was a 0.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold 8,260 shares of company stock valued at $200,158 in the last ninety days.

About Chime Financial

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.