Key Points
- Global Advisors Ltd Dst sold 207,513 Chime shares at an average price of $33.07, generating approximately $6.86 million. The sale reduced its remaining ownership by 36.13% to 366,872 shares.
- Chime shares opened at $33.61, near their 52-week high of $35.55, and were trading well above their 50-day and 200-day moving averages. The company recently reported quarterly revenue of $669.77 million and EPS of $0.07, exceeding analyst expectations.
- Analyst sentiment remains broadly positive, with a consensus “Buy” rating and a $36.40 price target, while several firms recently raised targets as high as $46. However, additional large insider sales and the stock’s elevated valuation could increase volatility.
Chime Financial, Inc. (NASDAQ:CHYM - Get Free Report) major shareholder Global Advisors Ltd Dst sold 207,513 shares of Chime Financial stock in a transaction that occurred on Friday, September 11th. The shares were sold at an average price of $33.07, for a total value of $6,862,454.91. Following the sale, the insider owned 366,872 shares in the company, valued at $12,132,457.04. This represents a 36.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Major shareholders that own at least 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 Wednesday, September 9th, Global Advisors Ltd Dst sold 59,630 shares of Chime Financial stock. The stock was sold at an average price of $35.03, for a total value of $2,088,838.90.
- On Wednesday, August 26th, Global Advisors Ltd Dst sold 1,168,667 shares of Chime Financial stock. The shares were sold at an average price of $33.04, for a total value of $38,612,757.68.
- On Tuesday, August 25th, Global Advisors Ltd Dst sold 80,914 shares of Chime Financial stock. The shares were sold at an average price of $33.06, for a total transaction of $2,675,016.84.
- 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 stock was sold at an average price of $33.02, for a total transaction 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 transaction 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 transaction of $11,396,284.52.
- 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.
Chime Financial Stock Performance
Shares of NASDAQ CHYM opened at $33.61 on Wednesday. The company has a 50 day simple moving average of $28.23 and a two-hundred day simple moving average of $22.71. Chime Financial, Inc. has a fifty-two week low of $15.88 and a fifty-two week high of $35.55. The company has a market capitalization of $12.72 billion, a price-to-earnings ratio of -480.07 and a beta of 0.60.
Chime Financial (NASDAQ:CHYM - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.07 EPS for the quarter, topping analysts' consensus estimates of ($0.01) by $0.08. The firm had revenue of $669.77 million for the quarter. Chime Financial had a negative return on equity of 1.28% and a negative net margin of 0.74%.The business's revenue for the quarter was up 26.8% compared to the same quarter last year. During the same period in the prior year, the firm earned ($7.29) earnings per share. On average, analysts forecast that Chime Financial, Inc. will post 0.43 earnings per share for the current fiscal year.
Chime Financial News Summary
Here are the key news stories impacting Chime Financial this week:
- Positive Sentiment: Goldman Sachs raised its price target: Goldman lifted its target for Chime from $33 to $37 and assigned a “Buy” rating, implying approximately 10% upside from the referenced $33.61 level. The upgrade suggests greater confidence in the fintech company’s growth outlook.
- Positive Sentiment: Consensus target moved higher: The average analyst price target reportedly increased 10.98% to $38.71, reinforcing the broadly positive view of Chime’s shares. Consensus price target article
- Positive Sentiment: Additional bullish calls support the stock: B. Riley raised its price target from $37 to $44 while maintaining a “Buy” rating, and Rothschild & Co Redburn upgraded Chime from “Hold” to “Buy” with a $46 target. These targets imply substantial potential upside from recent trading levels.
- Neutral Sentiment: Momentum is strong but valuation risk remains: Chime is trading well above its 50-day and 200-day moving averages and close to its annual high. Elevated volume indicates strong investor interest, but the sharp rally may also leave the shares vulnerable to volatility or profit-taking.
- Negative Sentiment: Multiple directors sold large positions: Director Shawn T. Carolan sold a combined 579,313 shares for approximately $19.2 million, reducing one reported holding by 99.41%. Director James Feuille sold 351,890 shares worth about $11.6 million, while Director Cynthia Marshall sold 20,000 shares for approximately $661,800. The transactions could weigh on investor sentiment, although insider sales may also reflect diversification or planned transactions. Chime insider trading report
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently modified their holdings of the business. Spyglass Capital Management LLC boosted its position in shares of Chime Financial by 162.6% during the second quarter. Spyglass Capital Management LLC now owns 3,406,249 shares of the company's stock valued at $69,760,000 after buying an additional 2,109,057 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Chime Financial by 2,720.3% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,756,555 shares of the company's stock valued at $51,630,000 after acquiring an additional 2,658,816 shares during the last quarter. Ieq Capital LLC purchased a new stake in shares of Chime Financial during the 4th quarter valued at about $58,214,000. Light Street Capital Management LLC grew its stake in shares of Chime Financial by 5.8% in the second quarter. Light Street Capital Management LLC now owns 2,199,089 shares of the company's stock worth $45,037,000 after acquiring an additional 121,474 shares during the period. Finally, Owls Nest Partners IA LLC bought a new stake in shares of Chime Financial in the fourth quarter worth approximately $47,065,000.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently commented on CHYM shares. Rothschild & Co Redburn raised Chime Financial from a "hold" rating to a "buy" rating and set a $46.00 target price on the stock in a research note on Monday. Zacks Research raised Chime Financial from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, August 18th. KeyCorp upped their price target on shares of Chime Financial from $33.00 to $40.00 and gave the stock an "overweight" rating in a research note on Wednesday, September 9th. Wall Street Zen raised shares of Chime Financial from a "hold" rating to a "buy" rating in a research report on Saturday, July 25th. Finally, Keefe, Bruyette & Woods raised their price objective on shares of Chime Financial from $30.00 to $35.00 and gave the company an "outperform" rating in a research note on Thursday, August 6th. Four research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $36.40.
Get Our Latest Stock Analysis on CHYM
Chime Financial Company Profile
(
Get Free Report)
Chime Financial, Inc is a financial technology company that operates a digital banking platform in the United States. Chime provides consumer-focused banking services through its mobile application and website, offering checking and savings accounts, debit cards, direct-deposit services and tools designed to help customers manage their everyday finances. Chime is not a traditional bank; its banking services are provided through partner financial institutions.
The company's products include a Visa debit card, fee-free overdraft protection through SpotMe for eligible members, early access to qualifying direct deposits, savings features and credit-building products.
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