Chime Financial, Inc. (NASDAQ:CHYM - Get Free Report) CAO Amine Asmerom sold 10,000 shares of Chime Financial stock in a transaction dated Thursday, August 6th. The shares were sold at an average price of $30.00, for a total value of $300,000.00. Following the completion of the transaction, the chief accounting officer directly owned 216,946 shares of the company's stock, valued at approximately $6,508,380. This represents a 4.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Amine Asmerom also recently made the following trade(s):
- On Tuesday, August 4th, Amine Asmerom sold 10,000 shares of Chime Financial stock. The stock was sold at an average price of $25.00, for a total transaction of $250,000.00.
Chime Financial Stock Performance
Shares of CHYM opened at $30.85 on Tuesday. The company's 50-day simple moving average is $20.76 and its 200-day simple moving average is $20.83. Chime Financial, Inc. has a 1 year low of $15.88 and a 1 year high of $33.41. The stock has a market capitalization of $11.75 billion, a PE ratio of -440.65 and a beta of 0.30.
Chime Financial (NASDAQ:CHYM - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.07 earnings per share for the quarter, beating analysts' consensus estimates of ($0.01) by $0.08. Chime Financial had a negative net margin of 0.74% and a negative return on equity of 1.28%. The firm had revenue of $669.77 million during the quarter. During the same quarter last year, the firm posted ($7.29) EPS. The company's revenue for the quarter was up 26.8% on a year-over-year basis. On average, sell-side analysts predict that Chime Financial, Inc. will post 0.34 earnings per share for the current year.
Key Chime Financial News
Here are the key news stories impacting Chime Financial this week:
- Positive Sentiment: Analysts raised their price targets for CHYM to $35, $28, and $37, signaling improved expectations for the company’s outlook. Chime Financial Price Target Raised to $35 Chime Financial Price Target Raised to $28 Chime Financial Price Target Raised to $37
- Positive Sentiment: Additional target increases to $32 and $33 reinforce the generally constructive analyst view, though the targets span a wide range. Chime Financial Price Target Raised to $32 Chime Financial Price Target Raised to $33
- Neutral Sentiment: The target range of $28 to $37 suggests analysts remain divided on the appropriate valuation, particularly after the stock’s recent rally.
- Negative Sentiment: Executives sold a combined 800,000 shares: CEO Christopher Britt sold 350,000, insider Ryan King sold 375,000, CFO Matthew Newcomb sold 65,000, and CAO Amine Asmerom sold 10,000. The transactions generated approximately $23.97 million in proceeds. Each executive sale was made under a pre-arranged Rule 10b5-1 plan, reducing—but not eliminating—the bearish signal.
- Negative Sentiment: Major shareholder Global Advisors Ltd. Dst sold 1.80 million shares for approximately $58.6 million, reducing its position by 79.19%. The large secondary selling may create an overhang and raise concerns about near-term supply of shares.
Hedge Funds Weigh In On Chime Financial
Several large investors have recently bought and sold shares of CHYM. Bank of New York Mellon Corp acquired a new stake in Chime Financial in the second quarter valued at $13,453,000. Handelsbanken Fonder AB purchased a new stake in Chime Financial during the 2nd quarter worth about $1,358,000. Affinity Capital Advisors LLC acquired a new position in shares of Chime Financial during the 2nd quarter worth about $325,000. AMS Capital Ltda acquired a new position in shares of Chime Financial during the 1st quarter worth about $3,439,000. Finally, NewEdge Advisors LLC increased its holdings in shares of Chime Financial by 61.8% in the 1st quarter. NewEdge Advisors LLC now owns 28,780 shares of the company's stock valued at $539,000 after acquiring an additional 10,997 shares during the last quarter.
Analyst Ratings Changes
CHYM has been the topic of a number of recent research reports. Compass Point raised Chime Financial from a "neutral" rating to a "buy" rating and cut their price objective for the stock from $33.00 to $27.00 in a research report on Monday, April 13th. The Goldman Sachs Group lifted their target price on Chime Financial from $26.00 to $33.00 and gave the company a "buy" rating in a report on Thursday, August 6th. UBS Group boosted their target price on Chime Financial from $26.00 to $28.00 and gave the stock a "neutral" rating in a research note on Thursday, August 6th. Weiss Ratings raised Chime Financial from a "sell (e+)" rating to a "sell (d-)" rating in a research note on Thursday. Finally, Wolfe Research restated an "outperform" rating and set a $32.00 price target on shares of Chime Financial in a report on Thursday. Three equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Chime Financial has a consensus rating of "Moderate Buy" and an average target price of $31.06.
Check Out Our Latest Report on CHYM
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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