Cynthia Marshall Sells 20,000 Shares of Chime Financial (NASDAQ:CHYM) Stock

Chime Financial, Inc. (NASDAQ:CHYM) Director Cynthia Marshall sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, September 11th. The shares were sold at an average price of $33.09, for a total value of $661,800.00. Following the completion of the sale, the director owned 28,548 shares in the company, valued at approximately $944,653.32. This represents a 41.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Chime Financial Stock Up 2.9%

Chime Financial stock traded up $0.97 during mid-day trading on Monday, hitting $33.97. 9,851,801 shares of the company’s stock traded hands, compared to its average volume of 5,410,995. Chime Financial, Inc. has a one year low of $15.88 and a one year high of $35.55. The firm has a 50 day moving average price of $27.73 and a 200 day moving average price of $22.52. The company has a market cap of $12.86 billion, a PE ratio of -485.22 and a beta of 0.60.

Chime Financial (NASDAQ:CHYM) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.08. The company had revenue of $669.77 million during the quarter. Chime Financial had a negative return on equity of 1.28% and a negative net margin of 0.74%.The company’s revenue for the quarter was up 26.8% compared to the same quarter last year. During the same period in the previous year, the company posted ($7.29) EPS. On average, analysts expect that Chime Financial, Inc. will post 0.44 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on CHYM shares. Freedom Capital upgraded shares of Chime Financial to a “strong-buy” rating in a research report on Thursday, July 23rd. BMO Capital Markets upped their price target on shares of Chime Financial from $28.00 to $32.00 and gave the stock an “outperform” rating in a research note on Thursday, August 6th. Rothschild & Co Redburn upgraded shares of Chime Financial from a “neutral” rating to a “buy” rating and set a $46.00 price objective for the company in a report on Monday. Piper Sandler raised their price objective on shares of Chime Financial from $35.00 to $40.00 and gave the company an “overweight” rating in a research note on Wednesday, September 9th. Finally, KeyCorp boosted their target price on Chime Financial from $33.00 to $40.00 and gave the stock an “overweight” rating in a report on Wednesday, September 9th. Four analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $36.20.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. AMS Capital Ltda bought a new stake in Chime Financial during the first quarter worth approximately $3,439,000. Arrowstreet Capital Limited Partnership increased its holdings in shares of Chime Financial by 2,720.3% in the first quarter. Arrowstreet Capital Limited Partnership now owns 2,756,555 shares of the company’s stock valued at $51,630,000 after buying an additional 2,658,816 shares in the last quarter. Hsbc Holdings PLC bought a new position in shares of Chime Financial in the fourth quarter valued at $1,274,000. Brown University lifted its position in shares of Chime Financial by 99.0% during the 1st quarter. Brown University now owns 204,625 shares of the company’s stock valued at $3,833,000 after acquiring an additional 101,820 shares during the last quarter. Finally, Bank of America Corp DE lifted its position in shares of Chime Financial by 115.0% during the 1st quarter. Bank of America Corp DE now owns 319,579 shares of the company’s stock valued at $5,986,000 after acquiring an additional 170,941 shares during the last quarter.

Chime Financial Company Profile

Chime Financial, Inc is a financial technology company that operates a digital banking platform in the United States. Chime provides consumer-focused banking services through its mobile application and website, offering checking and savings accounts, debit cards, direct-deposit services and tools designed to help customers manage their everyday finances. Chime is not a traditional bank; its banking services are provided through partner financial institutions.

The company’s products include a Visa debit card, fee-free overdraft protection through SpotMe for eligible members, early access to qualifying direct deposits, savings features and credit-building products.