Chime Financial, Inc. $CHYM Shares Bought by Delta Global Management LP

Delta Global Management LP raised its stake in Chime Financial, Inc. (NASDAQ:CHYM) by 1,868.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 729,383 shares of the company’s stock after acquiring an additional 692,330 shares during the quarter. Chime Financial makes up 0.8% of Delta Global Management LP’s portfolio, making the stock its 28th biggest holding. Delta Global Management LP owned approximately 0.19% of Chime Financial worth $18,359,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently made changes to their positions in CHYM. PNC Financial Services Group Inc. purchased a new stake in shares of Chime Financial in the fourth quarter valued at $25,000. EverSource Wealth Advisors LLC acquired a new position in shares of Chime Financial during the second quarter worth about $33,000. Scopus Asset Management L.P. acquired a new position in shares of Chime Financial during the second quarter worth about $34,000. Caitong International Asset Management Co. Ltd lifted its stake in shares of Chime Financial by 686.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,462 shares of the company’s stock worth $37,000 after purchasing an additional 1,276 shares in the last quarter. Finally, Daiwa Securities Group Inc. acquired a new position in shares of Chime Financial during the second quarter worth about $40,000.

Insider Activity

In related news, General Counsel Adam B. Frankel sold 3,000 shares of the stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $18.00, for a total transaction of $54,000.00. Following the completion of the sale, the general counsel directly owned 306,795 shares in the company, valued at approximately $5,522,310. This trade represents a 0.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 12.30% of the company’s stock.

Chime Financial Stock Up 5.6%

CHYM opened at $17.64 on Tuesday. The firm has a market cap of $6.72 billion and a PE ratio of -2.37. The business has a fifty day simple moving average of $19.52 and a 200-day simple moving average of $21.89. Chime Financial, Inc. has a fifty-two week low of $15.88 and a fifty-two week high of $38.67.

Chime Financial (NASDAQ:CHYM) last issued its earnings results on Wednesday, May 6th. The company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.03 by $0.10. The business had revenue of $647.39 million during the quarter. Chime Financial had a negative return on equity of 67.86% and a negative net margin of 41.87%.The firm’s revenue was up 24.8% compared to the same quarter last year. On average, equities research analysts anticipate that Chime Financial, Inc. will post 0.3 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have issued reports on CHYM shares. Compass Point upgraded Chime Financial from a “neutral” rating to a “buy” rating and dropped their price objective for the stock from $33.00 to $27.00 in a report on Monday, April 13th. Wall Street Zen upgraded Chime Financial from a “hold” rating to a “buy” rating in a report on Sunday, April 12th. KeyCorp started coverage on Chime Financial in a report on Wednesday, March 4th. They set an “overweight” rating and a $30.00 price objective on the stock. UBS Group lifted their price objective on Chime Financial from $24.00 to $27.00 and gave the stock a “neutral” rating in a report on Thursday, February 26th. Finally, Wells Fargo & Company lifted their price objective on Chime Financial from $25.00 to $28.00 and gave the stock an “overweight” rating in a report on Thursday, May 7th. Four investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $31.65.

Chime Financial Profile

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.