Chime Financial (NASDAQ:CHYM) CAO Amine Asmerom Sells 10,000 Shares of Stock

Chime Financial, Inc. (NASDAQ:CHYM) CAO Amine Asmerom sold 10,000 shares of the company’s stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $30.00, for a total value of $300,000.00. Following the transaction, the chief accounting officer directly owned 216,946 shares in the company, valued at $6,508,380. This represents a 4.41% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Amine Asmerom also recently made the following trade(s):

• On Tuesday, August 4th, Amine Asmerom sold 10,000 shares of Chime Financial stock. The shares were sold at an average price of $25.00, for a total value of $250,000.00.

Chime Financial Price Performance

Shares of NASDAQ CHYM traded up $1.75 during trading on Monday, hitting $30.85. 8,443,004 shares of the company were exchanged, compared to its average volume of 7,993,546. Chime Financial, Inc. has a 1 year low of $15.88 and a 1 year high of $33.41. The firm’s fifty day moving average price is $20.76 and its 200 day moving average price is $20.83.

Chime Financial (NASDAQ:CHYM) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.08. The business had revenue of $669.77 million during the quarter. Chime Financial had a negative net margin of 0.74% and a negative return on equity of 1.28%. The business’s revenue for the quarter was up 26.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($7.29) EPS. Analysts forecast that Chime Financial, Inc. will post 0.34 EPS for the current fiscal year.

Hedge Funds Weigh In On Chime Financial

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. purchased a new stake in shares of Chime Financial in the fourth quarter valued at about $25,000. EverSource Wealth Advisors LLC purchased a new position in shares of Chime Financial during the 2nd quarter worth approximately $33,000. Scopus Asset Management L.P. purchased a new position in shares of Chime Financial during the 2nd quarter worth approximately $34,000. Caitong International Asset Management Co. Ltd raised its position in shares of Chime Financial by 686.0% during 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. Finally, Daiwa Securities Group Inc. acquired a new position in shares of Chime Financial during the 2nd quarter worth approximately $40,000.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on CHYM. Freedom Capital upgraded shares of Chime Financial to a “strong-buy” rating in a research report on Thursday, July 23rd. Wall Street Zen raised Chime Financial from a “hold” rating to a “buy” rating in a research note on Saturday, July 25th. Texas Capital raised Chime Financial to a “strong-buy” rating in a report on Tuesday, April 14th. BMO Capital Markets boosted their target price on Chime Financial from $28.00 to $32.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, Weiss Ratings raised Chime Financial from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday. Three equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Chime Financial has an average rating of “Moderate Buy” and a consensus price target of $31.06.

About Chime Financial

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.