Key Points
- Major shareholder Global Advisors Ltd Dst sold 353,812 Chime shares for approximately $11.4 million at an average price of $32.21, reducing its position by 44.16% to 447,331 shares.
- The sale followed several other large disposals, including 4.46 million shares worth about $145.5 million on August 19, creating a significant potential supply overhang for CHYM stock.
- Chime reported quarterly EPS of $0.07, beating expectations of a $0.01 loss, while revenue rose 26.8% year over year to $669.77 million. Analysts maintain a “Moderate Buy” consensus with an average price target of $31.39.
Chime Financial, Inc. (NASDAQ:CHYM - Get Free Report) major shareholder Global Advisors Ltd Dst sold 353,812 shares of the business's stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $32.21, for a total transaction of $11,396,284.52. Following the transaction, the insider directly owned 447,331 shares in the company, valued at $14,408,531.51. This trade represents a 44.16% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Large shareholders that own more than 10% of a company's stock are required to disclose their sales and purchases with the SEC.
Global Advisors Ltd Dst also recently made the following trade(s):
- On Wednesday, August 19th, Global Advisors Ltd Dst sold 4,456,157 shares of Chime Financial stock. The stock was sold at an average price of $32.66, for a total transaction of $145,538,087.62.
- On Friday, August 14th, Global Advisors Ltd Dst sold 524,661 shares of Chime Financial stock. The stock was sold at an average price of $32.18, for a total transaction of $16,883,590.98.
- 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 transaction of $22,925,108.46.
- On Wednesday, August 12th, Global Advisors Ltd Dst sold 2,022 shares of Chime Financial stock. The shares were 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 value of $58,591,913.52.
Chime Financial Stock Down 3.4%
CHYM stock opened at $31.95 on Friday. Chime Financial, Inc. has a twelve month low of $15.88 and a twelve month high of $33.75. The company has a market cap of $12.10 billion, a PE ratio of -456.36 and a beta of 0.31. The business's 50-day simple moving average is $23.07 and its 200 day simple moving average is $21.15.
Chime Financial (NASDAQ:CHYM - Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.07 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $669.77 million during the quarter. During the same period last year, the company earned ($7.29) EPS. The company's revenue was up 26.8% on a year-over-year basis. On average, equities research analysts anticipate that Chime Financial, Inc. will post 0.41 EPS for the current year.
Institutional Investors Weigh In On Chime Financial
Several large investors have recently modified their holdings of CHYM. EverSource Wealth Advisors LLC bought a new position in shares of Chime Financial during the second quarter valued at $33,000. Scopus Asset Management L.P. bought a new stake in shares of Chime Financial in the 2nd quarter worth about $34,000. PNC Financial Services Group Inc. bought a new stake in shares of Chime Financial in the 4th quarter worth about $25,000. Daiwa Securities Group Inc. acquired a new stake in shares of Chime Financial during the 2nd quarter worth about $40,000. Finally, Caitong International Asset Management Co. Ltd increased its position in shares of Chime Financial by 686.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,462 shares of the company's stock worth $37,000 after purchasing an additional 1,276 shares in the last quarter.
Wall Street Analysts Forecast Growth
Several brokerages recently commented on CHYM. Zacks Research raised Chime Financial from a "hold" rating to a "strong-buy" rating in a research report on Tuesday. Weiss Ratings raised shares of Chime Financial from a "sell (e+)" rating to a "sell (d-)" rating in a report on Thursday, August 6th. Piper Sandler increased their price objective on shares of Chime Financial from $30.00 to $35.00 and gave the company an "overweight" rating in a research note on Thursday, August 6th. Freedom Capital upgraded shares of Chime Financial to a "strong-buy" rating in a research note on Thursday, July 23rd. Finally, Canaccord Genuity Group raised their price objective on shares of Chime Financial from $40.00 to $45.00 and gave the stock a "buy" rating in a report on Thursday, August 6th. Four analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $31.39.
View Our Latest Analysis on CHYM
Chime Financial News Roundup
Here are the key news stories impacting Chime Financial this week:
- Positive Sentiment: Zacks Research upgraded Chime Financial to “strong buy,” adding to recent bullish sentiment around the stock. Zacks Research upgrade
- Positive Sentiment: Chime has gained 10.03% over the past week, while Zacks cited improving earnings estimates and included CHYM on its Rank #1 “Strong Buy” and momentum-stock lists. These revisions may support continued near-term investor interest. Zacks momentum analysis
- Positive Sentiment: A Morgan Stanley analyst reportedly expects Chime’s stock price to rise, providing additional support for the bullish case. Morgan Stanley analyst outlook
- Neutral Sentiment: CEO and co-founder Chris Britt is scheduled to participate in a Goldman Sachs Communacopia + Technology Conference fireside chat on September 9. The event could provide investors with updated commentary, but it has no immediate financial impact. Chime conference announcement
- Negative Sentiment: Global Advisors Ltd Dst sold 4.46 million CHYM shares for approximately $145.5 million on August 19, after selling another 353,812 shares worth about $11.4 million on August 18. The transactions reduced the shareholder’s position by 91.66% and 44.16%, respectively, creating a significant supply overhang and likely weighing on the stock.
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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