Chime Financial, Inc. $CHYM Stock: Ashton Thomas Private Wealth LLC Reduces Position

Ashton Thomas Private Wealth LLC decreased its holdings in shares of Chime Financial, Inc. (NASDAQ:CHYM) by 62.3% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 1,000,115 shares of the company’s stock after selling 1,655,180 shares during the period. Ashton Thomas Private Wealth LLC’s holdings in Chime Financial were worth $26,643,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of CHYM. CenterBook Partners LP acquired a new stake in shares of Chime Financial in the 3rd quarter valued at approximately $576,000. Calamos Advisors LLC purchased a new stake in Chime Financial in the third quarter valued at $5,080,000. Claro Advisors Inc. acquired a new stake in shares of Chime Financial during the third quarter worth about $219,000. Vise Technologies Inc. acquired a new position in Chime Financial during the third quarter worth about $348,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Chime Financial during the third quarter valued at about $424,000.

Chime Financial Trading Up 3.8%

Chime Financial stock opened at $31.33 on Friday. Chime Financial, Inc. has a 12 month low of $15.88 and a 12 month high of $35.55. The stock’s 50 day moving average is $29.94 and its 200-day moving average is $23.90. The company has a market capitalization of $11.86 billion, a price-to-earnings ratio of 164.90 and a beta of 0.74.

Chime Financial (NASDAQ:CHYM) last announced its quarterly earnings results on Wednesday, November 4th. The company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.09 by $0.02. The business had revenue of $718.00 million for the quarter. Chime Financial had a negative net margin of 0.74% and a negative return on equity of 1.28%. The firm’s revenue for the quarter was up 32.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.15) EPS. As a group, equities research analysts predict that Chime Financial, Inc. will post 0.47 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, major shareholder Global Advisors Ltd Dst sold 3,216,189 shares of Chime Financial stock in a transaction that occurred on Monday, September 14th. The stock was sold at an average price of $33.99, for a total transaction of $109,318,264.11. Following the sale, the insider owned 336,798 shares of the company’s stock, valued at approximately $11,447,764.02. This trade represents a 90.52% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Ryan A. King sold 63,382 shares of the company’s stock in a transaction that occurred on Thursday, November 5th. The shares were sold at an average price of $31.32, for a total value of $1,985,124.24. Following the completion of the sale, the insider owned 37,812 shares of the company’s stock, valued at $1,184,271.84. This trade represents a 62.63% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 16,496,294 shares of company stock worth $543,320,549 in the last three months. Company insiders own 12.30% of the company’s stock.

Chime Financial News Summary

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

• Positive Sentiment: Chime reported Q3 revenue growth of 32% year over year and earnings that beat analysts’ expectations. The quarter marked its third consecutive GAAP profit, with lending cited as a key growth driver. Q3 earnings results
• Positive Sentiment: Management forecast Q4 revenue of $757 million to $767 million, indicating continued growth. Q4 forecast and Stride deal update
• Positive Sentiment: Several firms raised their targets: Goldman Sachs to $43 and kept a Buy rating; JPMorgan to $40 with an Overweight rating; and Scotiabank to $44 with a Sector Outperform rating. Goldman Sachs rating JPMorgan rating Scotiabank rating
• Positive Sentiment: UBS also raised its target, from $31 to $34, though it maintained a Neutral rating. UBS rating
• Neutral Sentiment: Chime expects its Stride transaction to close in the first half of 2027; the deal adds a future milestone, but its completion remains ahead. Stride transaction update

Wall Street Analyst Weigh In

A number of brokerages have recently commented on CHYM. Piper Sandler lifted their price target on shares of Chime Financial from $35.00 to $40.00 and gave the stock an “overweight” rating in a report on Wednesday, September 9th. Deutsche Bank Aktiengesellschaft upgraded Chime Financial from a “hold” rating to a “buy” rating and increased their target price for the company from $30.00 to $35.00 in a report on Thursday, October 8th. Keefe, Bruyette & Woods increased their price target on shares of Chime Financial from $30.00 to $35.00 and gave the stock an “outperform” rating in a research note on Thursday, August 6th. Wells Fargo & Company upped their price target on shares of Chime Financial from $39.00 to $42.00 and gave the company an “overweight” rating in a research note on Thursday. Finally, Morgan Stanley boosted their target price on Chime Financial from $39.00 to $40.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 9th. Three analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $39.47.

Chime Financial Profile

Chime Financial, Inc is a financial technology company that provides digital banking services through its Chime platform. The company offers consumer-focused spending, saving and credit products designed to be accessed primarily through mobile applications rather than traditional branch locations.

Chime’s products include spending accounts with debit cards, savings accounts, direct-deposit services, early access to qualifying paychecks, fee-free overdraft protection through SpotMe, and credit-building products.