Chime Financial, Inc. $CHYM Shares Newly Bought by Lunate Capital Ltd

Lunate Capital Ltd acquired a new position in Chime Financial, Inc. (NASDAQ:CHYM) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 1,809,763 shares of the company’s stock, valued at approximately $48,212,000. Chime Financial makes up approximately 6.7% of Lunate Capital Ltd’s portfolio, making the stock its 5th largest position.

Several other hedge funds have also recently made changes to their positions in CHYM. NFSG Corp acquired a new position in shares of Chime Financial in the 3rd quarter valued at about $27,000. Reyes Financial Architecture Inc. bought a new stake in shares of Chime Financial during the 3rd quarter valued at about $39,000. Nisa Investment Advisors LLC boosted its position in shares of Chime Financial by 529.7% during the 3rd quarter. Nisa Investment Advisors LLC now owns 1,889 shares of the company’s stock valued at $50,000 after purchasing an additional 1,589 shares in the last quarter. GAMMA Investing LLC grew its stake in Chime Financial by 1,316.3% during the third quarter. GAMMA Investing LLC now owns 2,167 shares of the company’s stock worth $58,000 after purchasing an additional 2,014 shares during the period. Finally, Root Financial Partners LLC acquired a new stake in Chime Financial during the third quarter worth approximately $70,000.

Chime Financial Trading Up 0.0%

Shares of NASDAQ CHYM opened at $32.54 on Wednesday. The firm has a market capitalization of $12.32 billion, a P/E ratio of 171.27 and a beta of 0.74. The firm’s 50-day moving average price is $29.91 and its 200-day moving average price is $23.96. Chime Financial, Inc. has a 1-year low of $15.88 and a 1-year high of $35.55.

Chime Financial (NASDAQ:CHYM) last issued its earnings results on Wednesday, November 4th. The company reported $0.11 EPS for the quarter, beating the consensus estimate of $0.09 by $0.02. Chime Financial had a return on equity of 6.72% and a net margin of 3.05%. The company had revenue of $718.00 million during the quarter. During the same quarter in the prior year, the business earned ($0.15) earnings per share. The business’s quarterly revenue was up 32.1% on a year-over-year basis. Equities research analysts forecast that Chime Financial, Inc. will post 0.47 EPS for the current year.

Insiders Place Their Bets

In other Chime Financial news, major shareholder Global Advisors Ltd Dst sold 4,456,157 shares of the stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $32.66, for a total value of $145,538,087.62. Following the transaction, the insider owned 405,663 shares in the company, valued at approximately $13,248,953.58. This represents a 91.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last 90 days, insiders sold 16,634,736 shares of company stock worth $546,765,870. 12.30% of the stock is currently owned by corporate insiders.

Chime Financial News Roundup

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

• Positive Sentiment: Upbeat earnings outlook: Zacks said rising earnings estimates could support further gains. Chime’s latest reported quarter also beat EPS expectations and delivered 32.1% year-over-year revenue growth, providing a positive fundamental backdrop. Article: Surging Earnings Estimates Signal Upside
• Positive Sentiment: Momentum appeal: Zacks also characterized CHYM as a long-term momentum stock, potentially attracting investors focused on stronger-performing shares. Article: Why Chime Is a Top Momentum Stock
• Neutral Sentiment: Short-interest data is unclear: One report describes a large increase but gives short interest as zero shares and a 0.0-day ratio. The figures appear inconsistent, so they do not establish short-covering as a meaningful catalyst.
• Neutral Sentiment: Mixed analyst signal: Monness maintained a Hold rating, while the cited broader analyst consensus was Moderate Buy. Article: Monness Maintains Hold Rating
• Negative Sentiment: Large shareholder selling: Global Advisors Ltd Dst sold 1,319,027 shares for about $41.1 million on November 6, an 80.26% reduction in its position. The additional reported sale of 10,740 shares adds to the potential supply overhang and may unsettle investors. Article: Chime Major Shareholder Sales

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on CHYM shares. Monness Crespi & Hardt began coverage on Chime Financial in a report on Monday, October 26th. They issued a “neutral” rating for the company. Scotiabank increased their price target on Chime Financial from $42.00 to $44.00 and gave the stock a “sector outperform” rating in a report on Thursday, November 5th. Rothschild & Co Redburn raised shares of Chime Financial from a “hold” rating to a “buy” rating and set a $46.00 price objective for the company in a research report on Monday, September 14th. Wall Street Zen upgraded shares of Chime Financial from a “hold” rating to a “buy” rating in a research note on Saturday, July 25th. Finally, KeyCorp lifted their price objective on shares of Chime Financial from $33.00 to $40.00 and gave the company an “overweight” rating in a research note on Wednesday, September 9th. Three investment analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $39.47.

About Chime Financial

Chime Financial operates a digital financial services platform for consumers in the United States. Through its mobile app, the company offers spending and savings accounts, debit cards and tools for managing money. Its products also include credit-building services and features designed to help customers access direct deposits and avoid certain common banking fees. Founded in 2012 by Chris Britt and Ryan King, Chime is a financial technology company, not a bank. Banking services are provided through partner banks, including The Bancorp Bank, N.A., and Stride Bank, N.A. Chris Britt has served as the company’s chief executive officer.