Key Points
- General Counsel Adam Frankel sold 4,382 shares of Chime (NASDAQ:CHYM) on January 8 at an average price of $27.29 for $119,584.78, trimming his position by 2.05% to 209,500 shares valued at roughly $5.72 million.
- Chime reported quarterly EPS of ($0.15) versus a consensus of ($0.25) and revenue of $543.52 million (up 28.8% YoY); the stock trades around $27.76, has a $10.4 billion market cap, and carries a consensus analyst rating of Moderate Buy with a $32.44 price target.
Chime Financial, Inc. (NASDAQ:CHYM - Get Free Report) General Counsel Adam Frankel sold 4,382 shares of the company's stock in a transaction that occurred on Thursday, January 8th. The shares were sold at an average price of $27.29, for a total transaction of $119,584.78. Following the completion of the sale, the general counsel owned 209,500 shares of the company's stock, valued at approximately $5,717,255. This trade represents a 2.05% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Chime Financial Stock Up 0.2%
Shares of NASDAQ:CHYM opened at $27.76 on Friday. The company's fifty day moving average is $23.10 and its two-hundred day moving average is $25.23. Chime Financial, Inc. has a 12-month low of $16.17 and a 12-month high of $44.94. The company has a market cap of $10.40 billion and a P/E ratio of -3.73.
Chime Financial (NASDAQ:CHYM - Get Free Report) last issued its quarterly earnings results on Wednesday, November 5th. The company reported ($0.15) earnings per share for the quarter, beating analysts' consensus estimates of ($0.25) by $0.10. The business had revenue of $543.52 million for the quarter. The company's quarterly revenue was up 28.8% compared to the same quarter last year. During the same quarter last year, the company earned ($0.34) EPS.
Analyst Upgrades and Downgrades
A number of research analysts have commented on the company. 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. JPMorgan Chase & Co. lowered their price target on Chime Financial from $40.00 to $34.00 and set an "overweight" rating for the company in a research note on Thursday, November 6th. Arete Research upgraded shares of Chime Financial to a "strong-buy" rating in a research note on Tuesday, September 30th. The Goldman Sachs Group increased their price target on shares of Chime Financial from $27.00 to $30.00 and gave the stock a "buy" rating in a research note on Tuesday. Finally, Keefe, Bruyette & Woods reduced their price objective on shares of Chime Financial from $42.00 to $35.00 and set an "outperform" rating for the company in a research note on Wednesday, October 1st. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $32.44.
Get Our Latest Research Report on Chime Financial
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of CHYM. EverSource Wealth Advisors LLC bought a new stake in Chime Financial during the second quarter valued at about $33,000. Scopus Asset Management L.P. acquired a new stake in Chime Financial in the 2nd quarter valued at approximately $34,000. Daiwa Securities Group Inc. bought a new position in Chime Financial in the 2nd quarter worth approximately $40,000. Osaic Holdings Inc. acquired a new position in shares of Chime Financial during the second quarter worth approximately $45,000. Finally, Farther Finance Advisors LLC bought a new stake in shares of Chime Financial in the third quarter valued at approximately $50,000.
About Chime Financial
(
Get Free Report)
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.
See Also
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
