Key Points
- CEO Christopher Britt sold 50,000 shares on Jan. 9 at an average price of $28.06, a transaction totaling $1,403,000 disclosed in an SEC filing.
- Chime reported Q3 EPS of ($0.15), beating estimates by $0.10, with revenue of $543.5 million—up 28.8% year‑over‑year.
- Analysts maintain a "Moderate Buy" consensus with an average price target of $32.44; the stock has a market cap of $10.01 billion and a 1‑year trading range of $16.17–$44.94.
Chime Financial, Inc. (NASDAQ:CHYM - Get Free Report) General Counsel Adam Frankel sold 500 shares of the firm's stock in a transaction that occurred on Friday, January 9th. The stock was sold at an average price of $28.00, for a total transaction of $14,000.00. Following the sale, the general counsel owned 218,849 shares of the company's stock, valued at approximately $6,127,772. The trade was a 0.23% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Chime Financial Trading Down 4.3%
NASDAQ:CHYM opened at $26.72 on Wednesday. Chime Financial, Inc. has a 12 month low of $16.17 and a 12 month high of $44.94. The firm's 50 day moving average is $23.48 and its 200 day moving average is $25.08. The stock has a market capitalization of $10.01 billion and a PE ratio of -3.59.
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 for the quarter, beating the consensus estimate of ($0.25) by $0.10. The firm had revenue of $543.52 million for the quarter. During the same period last year, the business posted ($0.34) earnings per share. The company's revenue for the quarter was up 28.8% compared to the same quarter last year.
Wall Street Analysts Forecast Growth
CHYM has been the topic of a number of research reports. UBS Group lowered their price objective 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. Piper Sandler reduced their target price on shares of Chime Financial from $35.00 to $30.00 and set an "overweight" rating for the company in a research note on Thursday, November 6th. William Blair reissued an "outperform" rating on shares of Chime Financial in a research report on Tuesday, September 30th. Keefe, Bruyette & Woods cut their price objective on shares of Chime Financial from $42.00 to $35.00 and set an "outperform" rating for the company in a report on Wednesday, October 1st. Finally, Weiss Ratings reiterated a "sell (d-)" rating on shares of Chime Financial in a research note on Wednesday, October 8th. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $32.44.
View Our Latest Report on CHYM
Institutional Investors Weigh In On Chime Financial
Institutional investors and hedge funds have recently modified their holdings of the company. SG Americas Securities LLC boosted its position in shares of Chime Financial by 111.6% in the fourth quarter. SG Americas Securities LLC now owns 30,952 shares of the company's stock valued at $779,000 after acquiring an additional 16,322 shares during the period. Davis Selected Advisers purchased a new stake in Chime Financial in the 3rd quarter worth approximately $48,391,000. Lunate Capital Ltd purchased a new stake in Chime Financial in the 3rd quarter worth approximately $36,503,000. Armistice Capital LLC bought a new position in Chime Financial in the 3rd quarter valued at $257,000. Finally, Dark Forest Capital Management LP purchased a new position in shares of Chime Financial during the 3rd quarter valued at $1,185,000.
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.
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