Key Points
- Insider sale: Chime General Counsel Adam Frankel sold 1,000 shares on Dec. 10 at an average price of $25.50 for $25,500, leaving him with 252,416 shares (a 0.39% reduction in his stake).
- Stock movement: CHYM traded down about 2.9% to $26.69 with 466,181 shares changing hands—well below its ~3.4M average volume—and sits between a 12-month low of $16.17 and high of $44.94.
- Operational and analyst backdrop: Chime beat EPS estimates last quarter (‑$0.15 vs. ‑$0.25) with revenue up 28.8% to $543.5M, and the consensus analyst view is a "Moderate Buy" with a $32.25 target price.
Chime Financial, Inc. (NASDAQ:CHYM - Get Free Report) General Counsel Adam Frankel sold 1,000 shares of the business's stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $25.50, for a total transaction of $25,500.00. Following the completion of the sale, the general counsel owned 252,416 shares in the company, valued at approximately $6,436,608. This trade represents a 0.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.
Chime Financial Stock Down 2.9%
NASDAQ:CHYM traded down $0.80 during trading hours on Friday, reaching $26.69. 466,181 shares of the stock were exchanged, compared to its average volume of 3,401,091. The stock has a 50-day simple moving average of $20.04. Chime Financial, Inc. has a twelve month low of $16.17 and a twelve month high of $44.94.
Chime Financial (NASDAQ:CHYM - Get Free Report) last released its earnings results on Wednesday, November 5th. The company reported ($0.15) earnings per share for the quarter, beating the consensus estimate of ($0.25) by $0.10. The firm had revenue of $543.52 million during the quarter. During the same period in the prior year, the company posted ($0.34) earnings per share. Chime Financial's quarterly revenue was up 28.8% compared to the same quarter last year.
Analyst Upgrades and Downgrades
CHYM has been the subject of a number of recent research reports. B. Riley initiated coverage on Chime Financial in a report on Thursday. They issued a "buy" rating and a $35.00 target price for the company. JPMorgan Chase & Co. dropped their target price on shares of Chime Financial from $40.00 to $34.00 and set an "overweight" rating on the stock in a research report on Thursday, November 6th. Piper Sandler reduced their price objective on Chime Financial from $35.00 to $30.00 and set an "overweight" rating for the company in a research note on Thursday, November 6th. UBS Group lowered their target price on Chime Financial from $37.00 to $24.00 and set a "neutral" rating on the stock in a research note on Thursday, November 6th. Finally, Williams Trading set a $17.00 price target on shares of Chime Financial in a report on Monday, November 3rd. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $32.25.
Check Out Our Latest Stock Analysis on Chime Financial
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Lunate Capital Ltd purchased a new stake in Chime Financial in the 3rd quarter worth approximately $36,503,000. Armistice Capital LLC purchased a new stake in shares of Chime Financial during the 3rd quarter worth about $257,000. Dark Forest Capital Management LP acquired a new stake in shares of Chime Financial in the third quarter worth $1,185,000. XTX Topco Ltd raised its position in Chime Financial by 778.4% in the third quarter. XTX Topco Ltd now owns 116,262 shares of the company's stock valued at $2,345,000 after purchasing an additional 103,026 shares during the period. Finally, Verition Fund Management LLC acquired a new position in Chime Financial during the 3rd quarter worth approximately $5,688,000.
About Chime Financial
(
Get Free Report)
Chime is a financial technology company that partners with federally regulated, FDIC-insured banks—The Bancorp Bank, N.A. and Stride Bank, N.A., Members FDIC—to provide consumer banking products and services. The company's model is designed to eliminate common fees and simplify access to basic financial services.
Chime does not charge overdraft fees, monthly service fees, or require minimum balances.
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