SkyBridge Capital II LLC Has $52,000 Stake in Chime Financial, Inc. $CHYM

SkyBridge Capital II LLC lessened its holdings in Chime Financial, Inc. (NASDAQ:CHYM) by 96.9% during the first quarter, HoldingsChannel reports. The firm owned 2,800 shares of the company’s stock after selling 86,126 shares during the quarter. Chime Financial accounts for 0.3% of SkyBridge Capital II LLC’s holdings, making the stock its 4th largest position. SkyBridge Capital II LLC’s holdings in Chime Financial were worth $52,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Aspect Management LLC bought a new position in shares of Chime Financial in the 4th quarter valued at $300,361,000. Ashton Thomas Private Wealth LLC bought a new stake in shares of Chime Financial during the 4th quarter worth $129,091,000. Orland Properties Ltd acquired a new stake in Chime Financial in the second quarter valued at about $159,093,000. Scge Management L.P. acquired a new stake in Chime Financial in the second quarter valued at about $152,563,000. Finally, Arrowstreet Capital Limited Partnership boosted its stake in 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.

Insider Buying and Selling at Chime Financial

In other news, General Counsel Adam B. Frankel sold 3,000 shares of the business’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 transaction, the general counsel directly owned 303,795 shares of the company’s stock, valued at $5,316,412.50. The trade was a 0.98% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 12.30% of the company’s stock.

Chime Financial Stock Performance

Shares of NASDAQ CHYM opened at $22.37 on Wednesday. The company has a market capitalization of $8.52 billion and a P/E ratio of -3.01. Chime Financial, Inc. has a 52-week low of $15.88 and a 52-week high of $35.34. The company’s 50 day moving average price is $19.31 and its 200-day moving average price is $20.87.

Chime Financial (NASDAQ:CHYM) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.10. Chime Financial had a negative net margin of 41.87% and a negative return on equity of 67.86%. The company had revenue of $647.39 million during the quarter. The company’s revenue was up 24.8% compared to the same quarter last year. Analysts forecast that Chime Financial, Inc. will post 0.3 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on CHYM. Compass Point raised shares of Chime Financial from a “neutral” rating to a “buy” rating and dropped their target price for the stock from $33.00 to $27.00 in a report on Monday, April 13th. Freedom Capital raised shares of Chime Financial to a “strong-buy” rating in a report on Thursday, July 23rd. Barclays started coverage on shares of Chime Financial in a research report on Wednesday, July 8th. They set an “overweight” rating and a $26.00 price objective for the company. BMO Capital Markets reduced their price objective on Chime Financial from $30.00 to $28.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 22nd. Finally, Canaccord Genuity Group reiterated a “buy” rating and set a $40.00 target price on shares of Chime Financial in a research report on Monday, May 11th. Five research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $29.19.

Chime Financial 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.