Chime Financial (NASDAQ:CHYM) Director James Feuille Sells 176,168 Shares

Chime Financial, Inc. (NASDAQ:CHYM) Director James Feuille sold 176,168 shares of Chime Financial stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $27.12, for a total value of $4,777,676.16. Following the completion of the transaction, the director owned 7,044,936 shares of the company’s stock, valued at $191,058,664.32. The trade was a 2.44% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Chime Financial Price Performance

Shares of Chime Financial stock traded down $1.57 during trading hours on Monday, hitting $24.62. 5,412,557 shares of the company were exchanged, compared to its average volume of 3,872,743. The firm has a 50-day simple moving average of $20.22. Chime Financial, Inc. has a 1 year low of $16.17 and a 1 year high of $44.94.

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 analysts’ consensus estimates of ($0.25) by $0.10. The company had revenue of $543.52 million during the quarter. During the same period in the previous year, the company earned ($0.34) EPS. The firm’s quarterly revenue was up 28.8% on a year-over-year basis.

Analysts Set New Price Targets

A number of research firms have recently weighed in on CHYM. UBS Group dropped their price target 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 initiated coverage on shares of Chime Financial in a research note on Monday, November 3rd. They set a “hold” rating and a $17.00 price objective on the stock. Arete Research raised Chime Financial to a “strong-buy” rating in a research note on Tuesday, September 30th. The Goldman Sachs Group upgraded Chime Financial from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $26.00 to $27.00 in a research report on Monday, December 1st. Finally, JPMorgan Chase & Co. dropped their target price on Chime Financial from $40.00 to $34.00 and set an “overweight” rating on the stock in a report on Thursday, November 6th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $32.25.

Hedge Funds Weigh In On Chime Financial

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC bought a new position in Chime Financial during the second quarter worth $33,000. Scopus Asset Management L.P. bought a new position in Chime Financial during the second quarter worth $34,000. Daiwa Securities Group Inc. bought a new stake in Chime Financial in the second quarter valued at $40,000. Osaic Holdings Inc. bought a new position in shares of Chime Financial during the 2nd quarter worth about $45,000. Finally, Farther Finance Advisors LLC bought a new position in Chime Financial in the third quarter worth approximately $50,000.

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.