Chime Financial (NASDAQ:CHYM) General Counsel Adam Frankel Sells 3,000 Shares

Chime Financial, Inc. (NASDAQ:CHYM) General Counsel Adam Frankel sold 3,000 shares of the firm’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $17.50, for a total value of $52,500.00. Following the sale, the general counsel owned 303,795 shares of the company’s stock, valued at $5,316,412.50. The trade was a 0.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Chime Financial Trading Down 3.3%

Shares of NASDAQ CHYM opened at $17.05 on Wednesday. Chime Financial, Inc. has a one year low of $15.88 and a one year high of $38.67. The firm has a market capitalization of $6.50 billion and a PE ratio of -2.29. The business has a 50-day moving average price of $19.48 and a two-hundred day moving average price of $21.87.

Chime Financial (NASDAQ:CHYM) last announced its quarterly earnings data 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 business’s revenue was up 24.8% on a year-over-year basis. Research analysts anticipate that Chime Financial, Inc. will post 0.3 EPS for the current year.

Institutional Investors Weigh In On Chime Financial

Several institutional investors have recently made changes to their positions in the company. EverSource Wealth Advisors LLC acquired a new stake in shares of Chime Financial during the 2nd quarter valued at about $33,000. Scopus Asset Management L.P. acquired a new stake in Chime Financial in the 2nd quarter worth approximately $34,000. PNC Financial Services Group Inc. acquired a new stake in Chime Financial in the 4th quarter worth approximately $25,000. Daiwa Securities Group Inc. acquired a new stake in Chime Financial in the 2nd quarter worth approximately $40,000. Finally, Caitong International Asset Management Co. Ltd lifted its holdings in Chime Financial by 686.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,462 shares of the company’s stock worth $37,000 after purchasing an additional 1,276 shares during the last quarter.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on CHYM. Keefe, Bruyette & Woods upgraded Chime Financial from a “moderate buy” rating to a “strong-buy” rating in a report on Thursday, February 26th. UBS Group lifted their price target on Chime Financial from $24.00 to $27.00 and gave the company a “neutral” rating in a report on Thursday, February 26th. KeyCorp began coverage on Chime Financial in a report on Wednesday, March 4th. They set an “overweight” rating and a $30.00 price target for the company. Texas Capital upgraded Chime Financial to a “strong-buy” rating in a report on Tuesday, April 14th. Finally, Wall Street Zen upgraded Chime Financial from a “hold” rating to a “buy” rating in a report on Sunday, April 12th. Four analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $31.65.

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.