Key Points
- Chief Accounting Officer Amine Asmerom sold 10,000 Chime shares for $250,000 at $25 per share under a pre-arranged Rule 10b5-1 plan. He retains 226,946 shares worth approximately $5.67 million.
- Chime reported second-quarter EPS of $0.07, beating expectations for a $0.01 loss, while revenue increased 26.8% year over year to $669.77 million. The company guided for third-quarter revenue of $680 million to $690 million and expects approximately $2.7 billion in 2026 revenue.
- Analysts maintain a generally positive view, with the stock carrying an average “Buy” rating and a consensus price target of $29.19, compared with its recent price of $25.92.
Chime Financial, Inc. (NASDAQ:CHYM - Get Free Report) CAO Amine Asmerom sold 10,000 shares of Chime Financial stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $25.00, for a total value of $250,000.00. Following the transaction, the chief accounting officer directly owned 226,946 shares of the company's stock, valued at approximately $5,673,650. The trade was a 4.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Chime Financial Stock Performance
Shares of NASDAQ:CHYM opened at $25.92 on Thursday. The company's fifty day moving average is $20.05 and its 200-day moving average is $20.74. Chime Financial, Inc. has a 52 week low of $15.88 and a 52 week high of $33.99. The company has a market capitalization of $9.88 billion, a PE ratio of -3.49 and a beta of 0.31.
Chime Financial (NASDAQ:CHYM - Get Free Report) last announced its earnings results on Wednesday, August 5th. The company reported $0.07 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.01) by $0.08. Chime Financial had a negative net margin of 41.87% and a negative return on equity of 67.86%. The business had revenue of $669.77 million during the quarter. During the same quarter last year, the business earned ($7.29) EPS. The company's revenue for the quarter was up 26.8% compared to the same quarter last year. On average, analysts forecast that Chime Financial, Inc. will post 0.3 EPS for the current year.
Analyst Upgrades and Downgrades
A number of research analysts have recently issued reports on the stock. BMO Capital Markets cut their target price on shares of Chime Financial from $30.00 to $28.00 and set an "outperform" rating for the company in a research note on Wednesday, July 22nd. Texas Capital raised Chime Financial to a "strong-buy" rating in a report on Tuesday, April 14th. Canaccord Genuity Group reaffirmed a "buy" rating and set a $40.00 price target on shares of Chime Financial in a report on Friday, July 31st. Wells Fargo & Company lifted their price objective on Chime Financial from $25.00 to $28.00 and gave the company an "overweight" rating in a research report on Thursday, May 7th. Finally, Compass Point raised Chime Financial from a "neutral" rating to a "buy" rating and reduced their price objective for the stock from $33.00 to $27.00 in a research note on Monday, April 13th. Five analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, Chime Financial presently has an average rating of "Buy" and an average price target of $29.19.
Check Out Our Latest Research Report on Chime Financial
Chime Financial News Roundup
Here are the key news stories impacting Chime Financial this week:
- Positive Sentiment: Chime reported second-quarter EPS of $0.07, exceeding the consensus estimate of a $0.01 loss. Revenue rose 26.8% year over year to $669.77 million, and management highlighted expanding margins and a second consecutive quarter of GAAP profitability. Chime Reports Second Quarter 2026 Financial Results
- Positive Sentiment: The company issued third-quarter revenue guidance of $680 million to $690 million, above the $669.5 million analyst consensus, signaling expectations for continued demand and growth. Chime Financial Q2 Earnings Metrics
- Positive Sentiment: Chime raised its full-year 2026 revenue-growth outlook, citing robust demand for its digital banking products. Its full-year revenue outlook of approximately $2.7 billion was broadly in line with consensus. Adoption of Chime Prime, liquidity products, and new employer partnerships were cited as growth drivers. Chime Lifts 2026 Revenue Forecast
- Neutral Sentiment: Chief Financial Officer Matt Newcomb will step down, introducing a leadership transition that investors may monitor despite the upbeat operating outlook. CFO Departure and Revenue Forecast
- Neutral Sentiment: Chief Accounting Officer Amine Asmerom sold 10,000 shares for $250,000 under a pre-arranged Rule 10b5-1 plan. The planned nature of the sale reduces its significance as a bearish signal, though it modestly lowers insider ownership.
- Neutral Sentiment: Chime also saw unusually heavy options activity, indicating increased trading interest but not establishing a clear directional signal. Unusually Large Options Volume
Institutional Trading of Chime Financial
A number of institutional investors have recently bought and sold shares of CHYM. EverSource Wealth Advisors LLC acquired a new position in shares of Chime Financial in the 2nd quarter valued at $33,000. Scopus Asset Management L.P. acquired a new stake in shares of Chime Financial during the second quarter worth $34,000. PNC Financial Services Group Inc. acquired a new stake in shares of Chime Financial during the fourth quarter worth $25,000. Daiwa Securities Group Inc. bought a new stake in Chime Financial in the second quarter valued at about $40,000. Finally, Osaic Holdings Inc. bought a new stake in Chime Financial in the second quarter valued at about $45,000.
Chime Financial Company Profile
(
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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