Key Points
- Chime insider Ryan King sold 63,382 shares for about $1.99 million under a pre-arranged Rule 10b5-1 plan, reducing his direct stake by 62.63% to 37,812 shares.
- Chime’s latest quarter beat earnings estimates, with EPS of $0.11 versus $0.09 expected and revenue of $718 million, up 32.1% year over year.
- Analysts’ consensus rating is Moderate Buy, with an average price target of $39.47; shares were reported up 3.8% and opened at $31.33.
Chime Financial, Inc. (NASDAQ:CHYM - Get Free Report) insider Ryan King sold 63,382 shares of the stock in a transaction dated Thursday, November 5th. The shares were sold at an average price of $31.32, for a total value of $1,985,124.24. Following the completion of the transaction, the insider directly owned 37,812 shares in the company, valued at $1,184,271.84. The trade was a 62.63% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Chime Financial Stock Up 3.8%
NASDAQ CHYM opened at $31.33 on Friday. Chime Financial, Inc. has a 12-month low of $15.88 and a 12-month high of $35.55. The company has a market capitalization of $11.86 billion, a PE ratio of 164.90 and a beta of 0.74. The firm's 50 day moving average is $29.94 and its 200-day moving average is $23.90.
Chime Financial (NASDAQ:CHYM - Get Free Report) last issued its quarterly earnings results on Wednesday, November 4th. The company reported $0.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.09 by $0.02. Chime Financial had a negative return on equity of 1.28% and a negative net margin of 0.74%. The business had revenue of $718.00 million for the quarter. During the same period in the prior year, the company earned ($0.15) EPS. The company's quarterly revenue was up 32.1% compared to the same quarter last year. As a group, sell-side analysts expect that Chime Financial, Inc. will post 0.47 EPS for the current year.
Institutional Trading of Chime Financial
A number of large investors have recently modified their holdings of the business. Diversified Trust Co lifted its holdings in Chime Financial by 80.5% in the third quarter. Diversified Trust Co now owns 36,103 shares of the company's stock worth $962,000 after buying an additional 16,103 shares during the period. Russell Investments Group Ltd. increased its holdings in Chime Financial by 48.6% in the 3rd quarter. Russell Investments Group Ltd. now owns 761,436 shares of the company's stock valued at $20,285,000 after acquiring an additional 248,925 shares during the last quarter. Fifth Third Bancorp boosted its holdings in shares of Chime Financial by 129.6% in the 3rd quarter. Fifth Third Bancorp now owns 80,077 shares of the company's stock worth $2,133,000 after purchasing an additional 45,194 shares during the period. Jefferies Financial Group Inc. boosted its position in Chime Financial by 1,355.0% in the 3rd quarter. Jefferies Financial Group Inc. now owns 655,280 shares of the company's stock valued at $17,457,000 after buying an additional 610,244 shares during the period. Finally, Machina Capital S.A.S. bought a new position in Chime Financial in the third quarter worth approximately $816,000.
Analysts Set New Price Targets
CHYM has been the subject of several recent research reports. KeyCorp boosted their price target on Chime Financial from $33.00 to $40.00 and gave the stock an "overweight" rating in a research report on Wednesday, September 9th. Scotiabank boosted their target price on Chime Financial from $42.00 to $44.00 and gave the company a "sector outperform" rating in a report on Thursday. BMO Capital Markets raised their price objective on Chime Financial from $28.00 to $32.00 and gave the company an "outperform" rating in a research report on Thursday, August 6th. Freedom Capital raised Chime Financial to a "strong-buy" rating in a research note on Thursday, July 23rd. Finally, Deutsche Bank Aktiengesellschaft raised Chime Financial from a "hold" rating to a "buy" rating and raised their price objective for the company from $30.00 to $35.00 in a research note on Thursday, October 8th. Three equities research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $39.47.
Read Our Latest Stock Analysis on CHYM
Key Stories Impacting Chime Financial
Here are the key news stories impacting Chime Financial this week:
- Positive Sentiment: Chime reported Q3 revenue growth of 32% year over year and earnings that beat analysts’ expectations. The quarter marked its third consecutive GAAP profit, with lending cited as a key growth driver. Q3 earnings results
- Positive Sentiment: Management forecast Q4 revenue of $757 million to $767 million, indicating continued growth. Q4 forecast and Stride deal update
- Positive Sentiment: Several firms raised their targets: Goldman Sachs to $43 and kept a Buy rating; JPMorgan to $40 with an Overweight rating; and Scotiabank to $44 with a Sector Outperform rating. Goldman Sachs rating JPMorgan rating Scotiabank rating
- Positive Sentiment: UBS also raised its target, from $31 to $34, though it maintained a Neutral rating. UBS rating
- Neutral Sentiment: Chime expects its Stride transaction to close in the first half of 2027; the deal adds a future milestone, but its completion remains ahead. Stride transaction update
Chime Financial Company Profile
(
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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