Chime Financial, Inc. $CHYM Shares Sold by Capital Research Global Investors

Capital Research Global Investors lessened its holdings in Chime Financial, Inc. (NASDAQ:CHYM) by 11.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 6,102,983 shares of the company’s stock after selling 775,074 shares during the quarter. Capital Research Global Investors’ holdings in Chime Financial were worth $153,612,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Parallel Advisors LLC boosted its holdings in Chime Financial by 5,239.9% in the fourth quarter. Parallel Advisors LLC now owns 172,480 shares of the company’s stock worth $4,341,000 after acquiring an additional 169,250 shares in the last quarter. State of Wyoming boosted its holdings in Chime Financial by 40.3% in the fourth quarter. State of Wyoming now owns 9,041 shares of the company’s stock worth $228,000 after acquiring an additional 2,597 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in Chime Financial by 628.4% in the fourth quarter. Goldman Sachs Group Inc. now owns 647,348 shares of the company’s stock worth $16,294,000 after acquiring an additional 558,481 shares in the last quarter. Cogent Private Wealth Inc. acquired a new stake in Chime Financial in the fourth quarter worth about $1,007,000. Finally, BNP Paribas Financial Markets boosted its holdings in Chime Financial by 4.6% in the fourth quarter. BNP Paribas Financial Markets now owns 416,463 shares of the company’s stock worth $10,482,000 after acquiring an additional 18,265 shares in the last quarter.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on CHYM shares. Texas Capital raised Chime Financial to a “strong-buy” rating in a report on Tuesday, April 14th. Keefe, Bruyette & Woods raised Chime Financial from a “moderate buy” rating to a “strong-buy” rating in a report on Thursday, February 26th. Compass Point raised Chime Financial from a “neutral” rating to a “buy” rating and lowered their price target for the stock from $33.00 to $27.00 in a report on Monday, April 13th. Wall Street Zen raised Chime Financial from a “hold” rating to a “buy” rating in a report on Sunday, April 12th. Finally, UBS Group lifted their target price on Chime Financial from $24.00 to $27.00 and gave the stock a “neutral” rating in a report on Thursday, February 26th. Four investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, four have assigned a Hold rating and one has issued 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 $31.65.

Chime Financial Stock Up 0.5%

Chime Financial stock opened at $17.57 on Tuesday. Chime Financial, Inc. has a 52 week low of $16.17 and a 52 week high of $44.94. The company has a market capitalization of $6.69 billion and a price-to-earnings ratio of -2.36. The stock has a 50-day moving average price of $19.64 and a 200 day moving average price of $21.96.

Chime Financial (NASDAQ:CHYM) last released its earnings results on Wednesday, May 6th. The company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.10. Chime Financial had a negative return on equity of 67.86% and a negative net margin of 41.87%.The firm had revenue of $647.39 million during the quarter. The firm’s revenue for the quarter was up 24.8% compared to the same quarter last year. Research analysts anticipate that Chime Financial, Inc. will post 0.3 EPS for the current fiscal year.

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.