Amine Asmerom Sells 19,505 Shares of Chime Financial (NASDAQ:CHYM) Stock

Chime Financial, Inc. (NASDAQ:CHYM - Get Free Report) CAO Amine Asmerom sold 19,505 shares of the stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $32.94, for a total transaction of $642,494.70. Following the completion of the transaction, the chief accounting officer directly owned 280,975 shares of the company's stock, valued at $9,255,316.50. The trade was a 6.49% decrease in their ownership of the stock. The sale was disclosed in a legal 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.

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Amine Asmerom also recently made the following trade(s):

• On Thursday, August 6th, Amine Asmerom sold 10,000 shares of Chime Financial stock. The stock was sold at an average price of $30.00, for a total transaction of $300,000.00.
• 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 Trading Up 6.9%

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Shares of Chime Financial stock opened at $34.55 on Thursday. Chime Financial, Inc. has a 12-month low of $15.88 and a 12-month high of $35.55. The firm has a market capitalization of $13.08 billion, a price-to-earnings ratio of -493.50 and a beta of 0.60. The firm's 50 day simple moving average is $27.26 and its two-hundred day simple moving average is $22.34.

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Chime Financial (NASDAQ:CHYM - Get Free Report) last posted its quarterly 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 0.74% and a negative return on equity of 1.28%. The business had revenue of $669.77 million during the quarter. During the same period in the prior year, the business posted ($7.29) EPS. The company's quarterly revenue was up 26.8% on a year-over-year basis. On average, sell-side analysts predict that Chime Financial, Inc. will post 0.43 EPS for the current fiscal year.

Chime Financial News Summary

Here are the key news stories impacting Chime Financial this week:

• Positive Sentiment: The acquisition is expected to generate more than $100 million in annual net savings and be immediately accretive to earnings per share after closing, currently anticipated in the first half of 2027. Owning the bank could also improve control over lending, compliance, settlement operations and funding costs. Chime acquisition announcement
• Positive Sentiment: Management raised its outlook, projecting third-quarter 2026 revenue of approximately $705 million and adjusted EBITDA of $117 million to $120 million. Full-year revenue guidance increased to $2.76 billion-$2.77 billion, with adjusted EBITDA of $481 million-$489 million. Seeking Alpha guidance article
• Positive Sentiment: Analyst sentiment strengthened following the announcement. Canaccord raised its target to $50, while Loop Capital initiated coverage with a Buy rating and a $45 target. Barclays, KeyCorp, Morgan Stanley, Piper Sandler and Scotiabank also raised targets, generally maintaining Overweight or Outperform ratings.
• Neutral Sentiment: The deal remains subject to reviews by the Office of the Comptroller of the Currency and the Federal Reserve. Investors will monitor approval timing, integration execution and Chime’s ability to operate the bank below the $10 billion asset threshold to preserve favorable debit-interchange economics.
• Negative Sentiment: UBS raised its target to $31 but retained a Neutral rating, below the referenced trading level, indicating some analysts view the stock’s rally and valuation as already reflecting much of the near-term opportunity.
• Negative Sentiment: Chief Accounting Officer Amine Asmerom sold 19,505 shares worth approximately $642,495. The sale occurred under a pre-arranged Rule 10b5-1 plan, which reduces its significance as a discretionary bearish signal, but it still represents a 6.49% reduction in his direct holdings.

Wall Street Analysts Forecast Growth

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A number of brokerages have commented on CHYM. Wolfe Research lifted their price target on Chime Financial from $32.00 to $38.00 and gave the stock an "outperform" rating in a research report on Tuesday, August 25th. BMO Capital Markets increased their price objective on Chime Financial from $28.00 to $32.00 and gave the company an "outperform" rating in a report on Thursday, August 6th. Loop Capital started coverage on Chime Financial in a research report on Wednesday. They issued a "buy" rating and a $45.00 target price on the stock. UBS Group increased their price target on shares of Chime Financial from $28.00 to $31.00 and gave the stock a "neutral" rating in a report on Wednesday. Finally, The Goldman Sachs Group raised their price target on shares of Chime Financial from $26.00 to $33.00 and gave the stock a "buy" rating in a research report on Thursday, August 6th. Four equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $35.00.

View Our Latest Stock Analysis on Chime Financial

Institutional Investors Weigh In On Chime Financial

Several hedge funds have recently added to or reduced their stakes in CHYM. AMS Capital Ltda purchased a new position in shares of Chime Financial during the 1st quarter valued at about $3,439,000. Arrowstreet Capital Limited Partnership boosted its stake in shares of Chime Financial by 2,720.3% in the first quarter. Arrowstreet Capital Limited Partnership now owns 2,756,555 shares of the company's stock worth $51,630,000 after buying an additional 2,658,816 shares during the last quarter. Hsbc Holdings PLC purchased a new stake in shares of Chime Financial in the fourth quarter worth about $1,274,000. Brown University grew its holdings in Chime Financial by 99.0% during the first quarter. Brown University now owns 204,625 shares of the company's stock worth $3,833,000 after acquiring an additional 101,820 shares during the period. Finally, Bank of America Corp DE grew its holdings in Chime Financial by 115.0% during the first quarter. Bank of America Corp DE now owns 319,579 shares of the company's stock worth $5,986,000 after acquiring an additional 170,941 shares during the period.

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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