Key Points
- Global Advisors Ltd Dst sold 1,319,027 Chime shares at an average $31.13, worth about $41.1 million, reducing its stake by 80.26% to 324,365 shares.
- Chime reported quarterly EPS of $0.11, beating the $0.09 consensus estimate; revenue reached $718 million, up 32.1% year over year.
- Analysts have a consensus “Moderate Buy” rating and a $39.47 price target, with 20 of 23 analysts rating the stock Buy or Strong Buy.
Chime Financial, Inc. (NASDAQ:CHYM - Get Free Report) major shareholder Global Advisors Ltd Dst sold 10,740 shares of the company's stock in a transaction on Thursday, November 5th. The shares were sold at an average price of $32.10, for a total transaction of $344,754.00. Following the sale, the insider owned 336,698 shares of the company's stock, valued at $10,808,005.80. This represents a 3.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own 10% or more of a company's stock are required to disclose their transactions with the SEC.
Global Advisors Ltd Dst also recently made the following trade(s):
- On Friday, November 6th, Global Advisors Ltd Dst sold 1,319,027 shares of Chime Financial stock. The shares were sold at an average price of $31.13, for a total value of $41,061,310.51.
- On Monday, September 14th, Global Advisors Ltd Dst sold 3,216,189 shares of Chime Financial stock. The stock was sold at an average price of $33.99, for a total transaction of $109,318,264.11.
- On Friday, September 11th, Global Advisors Ltd Dst sold 207,513 shares of Chime Financial stock. The shares were sold at an average price of $33.07, for a total value of $6,862,454.91.
- On Wednesday, September 9th, Global Advisors Ltd Dst sold 59,630 shares of Chime Financial stock. The shares were 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 stock was sold at an average price of $33.04, for a total transaction 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 value 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 transaction of $12,647,683.62.
- On Wednesday, August 19th, Global Advisors Ltd Dst sold 4,456,157 shares of Chime Financial stock. The stock was sold at an average price of $32.66, for a total value of $145,538,087.62.
Chime Financial Trading Up 3.8%
Shares of CHYM stock opened at $32.53 on Tuesday. The company has a 50 day simple moving average of $29.92 and a two-hundred day simple moving average of $23.93. Chime Financial, Inc. has a 12 month low of $15.88 and a 12 month high of $35.55. The stock has a market cap of $12.32 billion, a P/E ratio of 129.87 and a beta of 0.74.
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 for the quarter, beating the consensus estimate of $0.09 by $0.02. The business had revenue of $718.00 million for the quarter. Chime Financial had a net margin of 3.05% and a return on equity of 6.87%. Chime Financial's revenue for the quarter was up 32.1% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.15) EPS. As a group, equities analysts forecast that Chime Financial, Inc. will post 0.47 earnings per share for the current year.
Analyst Ratings Changes
CHYM has been the topic of a number of recent research reports. Morgan Stanley upped their price objective on Chime Financial from $39.00 to $40.00 and gave the company an "overweight" rating in a research report on Wednesday, September 9th. Zacks Research upgraded Chime Financial from a "hold" rating to a "strong-buy" rating in a report on Tuesday, August 18th. BMO Capital Markets boosted their target price on Chime Financial from $28.00 to $32.00 and gave the company an "outperform" rating in a research report on Thursday, August 6th. The Goldman Sachs Group increased their price target on Chime Financial from $38.00 to $43.00 and gave the company a "buy" rating in a report on Thursday, November 5th. Finally, UBS Group restated a "buy" rating on shares of Chime Financial in a research report on Thursday. Three investment 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 given a Sell rating to the company. According to MarketBeat.com, Chime Financial currently has an average rating of "Moderate Buy" and a consensus target price of $39.47.
Get Our Latest Research Report on Chime Financial
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of CHYM. Spyglass Capital Management LLC lifted its holdings in shares of Chime Financial by 162.6% in the 2nd quarter. Spyglass Capital Management LLC now owns 3,406,249 shares of the company's stock worth $69,760,000 after buying an additional 2,109,057 shares during the period. Arrowstreet Capital Limited Partnership grew its position 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 worth $51,630,000 after buying an additional 2,658,816 shares in the last quarter. Lunate Capital Ltd purchased a new position in shares of Chime Financial during the third quarter valued at $48,212,000. Light Street Capital Management LLC increased its stake in shares of Chime Financial by 5.8% during the second quarter. Light Street Capital Management LLC now owns 2,199,089 shares of the company's stock valued at $45,037,000 after buying an additional 121,474 shares during the period. Finally, Atreides Management LP raised its holdings in shares of Chime Financial by 7.9% in the first quarter. Atreides Management LP now owns 1,622,734 shares of the company's stock valued at $30,394,000 after acquiring an additional 118,946 shares in the last quarter.
Chime Financial Company Profile
(
Get Free Report)
Chime Financial operates a digital financial services platform for consumers in the United States. Through its mobile app, the company offers spending and savings accounts, debit cards and tools for managing money. Its products also include credit-building services and features designed to help customers access direct deposits and avoid certain common banking fees.
Founded in 2012 by Chris Britt and Ryan King, Chime is a financial technology company, not a bank. Banking services are provided through partner banks, including The Bancorp Bank, N.A., and Stride Bank, N.A.
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