Key Points
- General Counsel Adam Frankel sold 500 shares at an average price of $27.00 for $13,500 on Dec. 11, and now directly owns 252,416 shares (a 0.20% decrease), with the transaction disclosed in an SEC Form 4 filing.
- Chime beat quarterly EPS estimates (reported -$0.15 vs. -$0.25 expected) and posted revenue of $543.52 million, up 28.8% year‑over‑year.
- Shares traded down to $26.19 on heavy volume (5.61M vs. avg. 3.85M); analysts have a consensus rating of “Moderate Buy” with a $32.25 average price target.
Chime Financial, Inc. (NASDAQ:CHYM - Get Free Report) General Counsel Adam Frankel sold 500 shares of the business's stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $27.00, for a total value of $13,500.00. Following the sale, the general counsel directly owned 252,416 shares of the company's stock, valued at $6,815,232. This represents a 0.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Chime Financial Price Performance
Shares of NASDAQ:CHYM traded down $1.30 during trading on Friday, hitting $26.19. 5,608,643 shares of the company's stock were exchanged, compared to its average volume of 3,850,542. The company's 50-day moving average is $20.15. Chime Financial, Inc. has a 1-year low of $16.17 and a 1-year high of $44.94.
Chime Financial (NASDAQ:CHYM - Get Free Report) last announced its quarterly earnings data on Wednesday, November 5th. The company reported ($0.15) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.25) by $0.10. The business had revenue of $543.52 million during the quarter. The business's revenue was up 28.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.34) earnings per share.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently modified their holdings of the company. Geode Capital Management LLC bought a new position in shares of Chime Financial during the 2nd quarter worth approximately $9,519,000. Norges Bank bought a new stake in shares of Chime Financial in the second quarter worth $24,157,000. Seven Grand Managers LLC acquired a new position in Chime Financial during the second quarter worth $3,451,000. Franklin Resources Inc. bought a new position in Chime Financial in the second quarter valued at $24,157,000. Finally, Greenhouse Funds LLLP acquired a new stake in Chime Financial in the 2nd quarter valued at $26,153,000.
Wall Street Analyst Weigh In
CHYM has been the subject of a number of analyst reports. B. Riley started coverage on shares of Chime Financial in a report on Thursday. They set a "buy" rating and a $35.00 price objective for the company. The Goldman Sachs Group raised shares of Chime Financial from a "neutral" rating to a "buy" rating and boosted their price target for the company from $26.00 to $27.00 in a report on Monday, December 1st. Keefe, Bruyette & Woods dropped their price objective on Chime Financial from $42.00 to $35.00 and set an "outperform" rating on the stock in a research note on Wednesday, October 1st. Jefferies Financial Group began coverage on Chime Financial in a report on Monday, November 3rd. They set a "hold" rating and a $17.00 target price on the stock. Finally, William Blair restated an "outperform" rating on shares of Chime Financial in a report on Tuesday, September 30th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $32.25.
Read Our Latest Stock Report on CHYM
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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