Chime Financial, Inc. (NASDAQ:CHYM - Get Free Report) major shareholder Global Advisors Ltd Dst sold 524,661 shares of the company's stock in a transaction on Friday, August 14th. The stock was sold at an average price of $32.18, for a total value of $16,883,590.98. Following the transaction, the insider directly owned 450,640 shares in the company, valued at approximately $14,501,595.20. The trade was a 53.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Major shareholders that own more than 10% of a company's shares are required to disclose their transactions with the SEC.
Global Advisors Ltd Dst also recently made the following trade(s):
- On Thursday, August 13th, Global Advisors Ltd Dst sold 713,289 shares of Chime Financial stock. The stock was sold at an average price of $32.14, for a total value of $22,925,108.46.
- On Wednesday, August 12th, Global Advisors Ltd Dst sold 2,022 shares of Chime Financial stock. The stock was sold at an average price of $32.01, for a total transaction of $64,724.22.
- On Tuesday, August 11th, Global Advisors Ltd Dst sold 1,039,303 shares of Chime Financial stock. The shares were sold at an average price of $32.11, for a total transaction of $33,372,019.33.
- On Thursday, August 6th, Global Advisors Ltd Dst sold 1,796,196 shares of Chime Financial stock. The stock was sold at an average price of $32.62, for a total transaction of $58,591,913.52.
Chime Financial Price Performance
Shares of CHYM opened at $31.45 on Tuesday. The company's fifty day moving average price is $22.15 and its 200-day moving average price is $21.01. Chime Financial, Inc. has a 1-year low of $15.88 and a 1-year high of $33.41. The firm has a market capitalization of $11.91 billion, a PE ratio of -449.22 and a beta of 0.31.
Chime Financial (NASDAQ:CHYM - Get Free Report) last issued 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 return on equity of 1.28% and a negative net margin of 0.74%.The company had revenue of $669.77 million during the quarter. During the same quarter last year, the business earned ($7.29) EPS. The business's revenue was up 26.8% on a year-over-year basis. As a group, research analysts anticipate that Chime Financial, Inc. will post 0.39 EPS for the current fiscal year.
Analysts Set New Price Targets
CHYM has been the subject of a number of research reports. Weiss Ratings raised Chime Financial from a "sell (e+)" rating to a "sell (d-)" rating in a report on Thursday, August 6th. Barclays raised their price target on shares of Chime Financial from $26.00 to $33.00 and gave the stock an "overweight" rating in a research report on Friday, August 7th. Wolfe Research restated an "outperform" rating and set a $32.00 price objective on shares of Chime Financial in a research note on Thursday, August 6th. Piper Sandler upped their price objective on shares of Chime Financial from $30.00 to $35.00 and gave the company an "overweight" rating in a report on Thursday, August 6th. Finally, Keefe, Bruyette & Woods increased their price objective on shares of Chime Financial from $30.00 to $35.00 and gave the stock an "outperform" rating in a research note on Thursday, August 6th. Three equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $31.06.
Get Our Latest Analysis on Chime Financial
Institutional Investors Weigh In On Chime Financial
Hedge funds have recently bought and sold shares of the stock. PNC Financial Services Group Inc. acquired a new stake in shares of Chime Financial during the 4th quarter worth approximately $25,000. EverSource Wealth Advisors LLC purchased a new stake in Chime Financial during the second quarter worth $33,000. Scopus Asset Management L.P. purchased a new stake in Chime Financial during the second quarter worth $34,000. Caitong International Asset Management Co. Ltd grew its position in Chime Financial by 686.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,462 shares of the company's stock valued at $37,000 after buying an additional 1,276 shares during the period. Finally, Daiwa Securities Group Inc. purchased a new position in Chime Financial in the second quarter valued at $40,000.
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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