Key Points
- Global Advisors Ltd. Dst sold 80,914 Chime Financial shares at an average price of $33.06, generating approximately $2.7 million. The sale reduced its remaining direct ownership to 380,298 shares, and follows several larger August disposals.
- Chime reported stronger-than-expected quarterly results, including EPS of $0.07 versus a consensus loss estimate of $0.01 and revenue of approximately $669.8 million, up 26.8% year over year.
- Analyst sentiment remains favorable, with several firms raising price targets as high as $39. Shares opened at $33.15, near their 52-week high of $33.74, while the stock carries a consensus “Moderate Buy” rating.
Chime Financial, Inc. (NASDAQ:CHYM - Get Free Report) major shareholder Global Advisors Ltd Dst sold 80,914 shares of the stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $33.06, for a total transaction of $2,675,016.84. Following the transaction, the insider directly owned 380,298 shares of the company's stock, valued at $12,572,651.88. This represents a 17.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own at least 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 Monday, August 24th, Global Advisors Ltd Dst sold 1,775,044 shares of Chime Financial stock. The stock was sold at an average price of $33.09, for a total transaction of $58,736,205.96.
- On Friday, August 21st, Global Advisors Ltd Dst sold 473,694 shares of Chime Financial stock. The stock was sold at an average price of $32.71, for a total transaction of $15,494,530.74.
- On Thursday, August 20th, Global Advisors Ltd Dst sold 383,031 shares of Chime Financial stock. The shares were sold at an average price of $33.02, for a total value of $12,647,683.62.
- On Wednesday, August 19th, Global Advisors Ltd Dst sold 4,456,157 shares of Chime Financial stock. The shares were sold at an average price of $32.66, for a total value of $145,538,087.62.
- On Tuesday, August 18th, Global Advisors Ltd Dst sold 353,812 shares of Chime Financial stock. The stock was sold at an average price of $32.21, for a total value of $11,396,284.52.
- On Friday, August 14th, Global Advisors Ltd Dst sold 524,661 shares of Chime Financial stock. The shares were sold at an average price of $32.18, for a total value of $16,883,590.98.
- On Thursday, August 13th, Global Advisors Ltd Dst sold 713,289 shares of Chime Financial stock. The shares were 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 value of $64,724.22.
- On Tuesday, August 11th, Global Advisors Ltd Dst sold 1,039,303 shares of Chime Financial stock. The stock was sold at an average price of $32.11, for a total value 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 Performance
Shares of Chime Financial stock opened at $33.15 on Thursday. Chime Financial, Inc. has a 52-week low of $15.88 and a 52-week high of $33.74. The stock's 50-day simple moving average is $24.35 and its 200 day simple moving average is $21.46. The stock has a market capitalization of $12.55 billion, a P/E ratio of -473.50 and a beta of 0.31.
Chime Financial (NASDAQ:CHYM - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.07 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.08. The business had revenue of $669.77 million for the quarter. Chime Financial had a negative net margin of 0.74% and a negative return on equity of 1.28%. Chime Financial's revenue for the quarter was up 26.8% compared to the same quarter last year. During the same period last year, the company earned ($7.29) earnings per share. Equities research analysts forecast that Chime Financial, Inc. will post 0.41 EPS for the current fiscal year.
Institutional Investors Weigh In On Chime Financial
A number of institutional investors and hedge funds have recently modified their holdings of the company. PNC Financial Services Group Inc. bought a new position in shares of Chime Financial in the fourth quarter valued at approximately $25,000. EverSource Wealth Advisors LLC bought a new stake in Chime Financial during the 2nd quarter worth approximately $33,000. Scopus Asset Management L.P. bought a new stake in Chime Financial during the 2nd quarter worth approximately $34,000. Caitong International Asset Management Co. Ltd lifted its stake in Chime Financial by 686.0% in 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. Finally, Daiwa Securities Group Inc. purchased a new stake in Chime Financial in the 2nd quarter worth approximately $40,000.
Key Headlines Impacting Chime Financial
Here are the key news stories impacting Chime Financial this week:
- Positive Sentiment: Analysts raised their price targets. Wolfe Research lifted its target from $32 to $38 and maintained an “outperform” rating, while Wells Fargo increased its target from $33 to $39 and retained an “overweight” rating. The revisions imply roughly 15% to 18% upside from the referenced $33.15 share price. Benzinga analyst price-target reports
- Positive Sentiment: Recent operating results remain a support. Chime’s latest quarterly earnings exceeded expectations, with EPS of $0.07 versus the consensus estimate of a $0.01 loss. Revenue rose 26.8% year over year to approximately $669.8 million, reinforcing the investment case for continued growth and improving profitability.
- Neutral Sentiment: Short-interest data provides no meaningful signal. Reported short interest was zero shares, with a zero-day days-to-cover ratio. Because the figures show no measurable short position, they do not indicate either notable short-covering support or elevated bearish pressure.
- Negative Sentiment: Global Advisors Ltd. Dst has continued to reduce its CHYM position. The major shareholder sold 1,775,044 shares on August 24 for approximately $58.7 million and another 80,914 shares on August 25 for about $2.7 million. Across the disclosed August transactions, the investor has sold millions of shares, reducing its position by more than 80% in the latest filing. The sales were reportedly primarily related to tax liabilities, but the large disposals can weigh on sentiment and increase available supply. SEC ownership filing
Wall Street Analyst Weigh In
Several research firms recently commented on CHYM. BMO Capital Markets raised their price objective on shares of Chime Financial from $28.00 to $32.00 and gave the stock an "outperform" rating in a report on Thursday, August 6th. Keefe, Bruyette & Woods boosted their target price on shares of Chime Financial from $30.00 to $35.00 and gave the company an "outperform" rating in a report on Thursday, August 6th. Wall Street Zen upgraded Chime Financial from a "hold" rating to a "buy" rating in a research report on Saturday, July 25th. Morgan Stanley raised their price target on Chime Financial from $33.00 to $39.00 and gave the stock an "overweight" rating in a report on Tuesday, August 18th. Finally, Barclays lifted their price target on Chime Financial from $26.00 to $33.00 and gave the company an "overweight" rating in a research report on Friday, August 7th. Four analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Chime Financial currently has a consensus rating of "Moderate Buy" and an average price target of $32.33.
View 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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