Insider Selling: Chime Financial (NASDAQ:CHYM) Insider Sells 42,421 Shares of Stock

Chime Financial, Inc. (NASDAQ:CHYM) insider Ryan King sold 42,421 shares of the stock in a transaction dated Wednesday, September 9th. The stock was sold at an average price of $35.15, for a total transaction of $1,491,098.15. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Chime Financial Price Performance

Shares of CHYM traded down $1.88 during trading hours on Thursday, hitting $32.67. The company’s stock had a trading volume of 10,636,790 shares, compared to its average volume of 5,365,794. The business has a 50 day simple moving average of $27.26 and a two-hundred day simple moving average of $22.34. Chime Financial, Inc. has a 52-week low of $15.88 and a 52-week high of $35.55. The company has a market cap of $12.37 billion, a price-to-earnings ratio of -466.65 and a beta of 0.60.

Chime Financial (NASDAQ:CHYM) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.08. The company had revenue of $669.77 million for the quarter. Chime Financial had a negative net margin of 0.74% and a negative return on equity of 1.28%. The business’s quarterly revenue was up 26.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($7.29) earnings per share. Research analysts predict that Chime Financial, Inc. will post 0.43 earnings per share for the current year.

Hedge Funds Weigh In On Chime Financial

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC bought a new stake in shares of Chime Financial during the 2nd quarter valued at about $33,000. Scopus Asset Management L.P. purchased a new position in shares of Chime Financial during the second quarter worth about $34,000. PNC Financial Services Group Inc. bought a new position in shares of Chime Financial in the fourth quarter worth approximately $25,000. Daiwa Securities Group Inc. purchased a new stake in Chime Financial in the second quarter valued at approximately $40,000. Finally, Caitong International Asset Management Co. Ltd raised its stake in Chime Financial by 686.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,462 shares of the company’s stock valued at $37,000 after purchasing an additional 1,276 shares in the last quarter.

Analyst Ratings Changes

Several equities analysts have recently weighed in on CHYM shares. Wells Fargo & Company lifted their price target on Chime Financial from $33.00 to $39.00 and gave the company an “overweight” rating in a research report on Tuesday, August 25th. Wall Street Zen upgraded Chime Financial from a “hold” rating to a “buy” rating in a research note on Saturday, July 25th. Canaccord Genuity Group lifted their target price on Chime Financial from $45.00 to $50.00 and gave the company a “buy” rating in a report on Wednesday. Barclays upped their price target on Chime Financial from $33.00 to $40.00 and gave the company an “overweight” rating in a research report on Wednesday. Finally, The Goldman Sachs Group increased their price target on shares of Chime Financial from $26.00 to $33.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Four equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Chime Financial presently has an average rating of “Moderate Buy” and a consensus price target of $35.00.

Chime Financial News Roundup

Here are the key news stories impacting Chime Financial this week:

• Positive Sentiment: Chime agreed to acquire Stride Bank’s parent for approximately $590 million in cash. Owning its long-time banking partner could eliminate sponsor-bank fees, reduce funding costs, improve control over compliance and lending, and generate more than $100 million in annual savings. The transaction is expected to be immediately accretive to earnings after its anticipated first-half 2027 closing. Chime acquisition announcement
• Positive Sentiment: Management raised its outlook, forecasting third-quarter revenue of about $705 million and full-year 2026 revenue of $2.76 billion to $2.77 billion, with adjusted EBITDA guidance of $481 million to $489 million. Chime guidance report
• Positive Sentiment: Analyst sentiment improved following the deal and guidance increase. Canaccord raised its target to $50, while Loop Capital initiated coverage with a Buy rating and a $45 target. Barclays, KeyCorp, Morgan Stanley, Piper Sandler and Scotiabank also lifted their price targets.
• Neutral Sentiment: The acquisition remains subject to review by the OCC and Federal Reserve. Investors must also assess integration, bank-capital requirements and Chime’s plan to keep the bank below $10 billion in assets to preserve favorable debit-interchange economics.
• Neutral Sentiment: Reported short interest was zero shares, with a zero-day short-interest ratio; the figure provides no meaningful evidence of short-covering or increased bearish positioning and may reflect incomplete data.
• Negative Sentiment: After an approximately 86% three-month rally and a new 52-week high, valuation has become a concern. UBS raised its target to $31 but maintained a Neutral rating, suggesting the market may already reflect much of the deal’s near-term upside.
• Negative Sentiment: Chief Accounting Officer Amine Asmerom sold 19,505 shares worth about $642,495. The transaction occurred under a pre-arranged Rule 10b5-1 plan, limiting its bearish significance, but it still reduced his direct holdings by 6.49%. Insider sale report

About Chime Financial

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.