Chime Financial, Inc. (NASDAQ:CHYM - Get Free Report) insider Ryan King sold 11,318 shares of the business's stock in a transaction dated Tuesday, October 20th. The shares were sold at an average price of $31.03, for a total value of $351,197.54. Following the sale, the insider owned 37,812 shares in the company, valued at approximately $1,173,306.36. The trade was a 23.04% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Chime Financial Price Performance
Shares of CHYM stock opened at $30.16 on Friday. Chime Financial, Inc. has a fifty-two week low of $15.88 and a fifty-two week high of $35.55. The stock's 50-day simple moving average is $30.72 and its 200-day simple moving average is $24.30.
Chime Financial (NASDAQ:CHYM - Get Free Report) last released its 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. 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 firm earned ($7.29) EPS. The company's revenue for the quarter was up 26.8% compared to the same quarter last year. As a group, equities analysts predict that Chime Financial, Inc. will post 0.45 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
A number of equities analysts have issued reports on the stock. KeyCorp raised their price target on shares of Chime Financial from $33.00 to $40.00 and gave the stock an "overweight" rating in a research report on Wednesday, September 9th. Scotiabank lifted their price objective on shares of Chime Financial from $40.00 to $42.00 and gave the company a "sector outperform" rating in a research note on Wednesday, September 9th. Barclays upped their price objective on shares of Chime Financial from $33.00 to $40.00 and gave the company an "overweight" rating in a report on Wednesday, September 9th. UBS Group increased their price objective on shares of Chime Financial from $28.00 to $31.00 and gave the stock a "neutral" rating in a research note on Wednesday, September 9th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Chime Financial from a "hold" rating to a "buy" rating and increased their price objective for the stock from $30.00 to $35.00 in a research note on Thursday, October 8th. Three research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $36.38.
View Our Latest Research Report on CHYM
Institutional Investors Weigh In On Chime Financial
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. MBL Wealth LLC purchased a new stake in Chime Financial during the third quarter worth $235,000. Root Financial Partners LLC purchased a new position in Chime Financial in the third quarter valued at $70,000. Reyes Financial Architecture Inc. purchased a new position in Chime Financial in the third quarter valued at $39,000. Nisa Investment Advisors LLC raised its position in shares of Chime Financial by 529.7% in the third quarter. Nisa Investment Advisors LLC now owns 1,889 shares of the company's stock worth $50,000 after acquiring an additional 1,589 shares during the period. Finally, Penn Mutual Asset Management acquired a new position in shares of Chime Financial in the third quarter worth about $6,711,000.
About Chime Financial
(
Get Free Report)
Chime Financial, Inc is a financial technology company that provides digital banking services through its Chime platform. The company offers consumer-focused spending, saving and credit products designed to be accessed primarily through mobile applications rather than traditional branch locations.
Chime's products include spending accounts with debit cards, savings accounts, direct-deposit services, early access to qualifying paychecks, fee-free overdraft protection through SpotMe, and credit-building products.
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