Chime Financial (NASDAQ:CHYM) Director Sells 258,398 Shares

Chime Financial, Inc. (NASDAQ:CHYM) Director James Feuille sold 258,398 shares of the firm’s stock in a transaction that occurred on Friday, September 11th. The shares were sold at an average price of $32.94, for a total value of $8,511,630.12. Following the sale, the director owned 34,411 shares of the company’s stock, valued at approximately $1,133,498.34. This trade represents a 88.25% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

James Feuille also recently made the following trade(s):

• On Thursday, September 10th, James Feuille sold 93,492 shares of Chime Financial stock. The shares were sold at an average price of $33.15, for a total value of $3,099,259.80.

Chime Financial Stock Up 2.9%

Shares of CHYM traded up $0.97 during trading on Monday, reaching $33.97. The company’s stock had a trading volume of 9,854,087 shares, compared to its average volume of 5,411,001. The company has a market cap of $12.86 billion, a price-to-earnings ratio of -485.22 and a beta of 0.60. The company has a fifty day moving average of $27.73 and a two-hundred day moving average of $22.52. Chime Financial, Inc. has a twelve month low of $15.88 and a twelve month high of $35.55.

Chime Financial (NASDAQ:CHYM) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.08. The business had revenue of $669.77 million during the quarter. Chime Financial had a negative net margin of 0.74% and a negative return on equity of 1.28%. The firm’s quarterly revenue was up 26.8% compared to the same quarter last year. During the same period in the previous year, the business posted ($7.29) EPS. As a group, equities analysts forecast that Chime Financial, Inc. will post 0.44 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have commented on CHYM shares. Freedom Capital raised Chime Financial to a “strong-buy” rating in a report on Thursday, July 23rd. The Goldman Sachs Group boosted their target price on shares of Chime Financial from $26.00 to $33.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Weiss Ratings upgraded shares of Chime Financial from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, September 3rd. Loop Capital initiated coverage on shares of Chime Financial in a research report on Wednesday, September 9th. They set a “buy” rating and a $45.00 price objective for the company. Finally, Wells Fargo & Company increased their price objective on shares of Chime Financial from $33.00 to $39.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 25th. Four analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $36.20.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Engineers Gate Manager LP bought a new stake in shares of Chime Financial during the second quarter valued at approximately $1,810,000. Arizona State Retirement System bought a new position in Chime Financial in the 2nd quarter worth approximately $692,000. Light Street Capital Management LLC increased its position in Chime Financial by 5.8% in the 2nd quarter. Light Street Capital Management LLC now owns 2,199,089 shares of the company’s stock valued at $45,037,000 after acquiring an additional 121,474 shares during the period. Allianz Asset Management GmbH acquired a new stake in Chime Financial in the 2nd quarter valued at approximately $7,828,000. Finally, California State Teachers Retirement System bought a new stake in Chime Financial during the 2nd quarter valued at $59,367,000.

Chime Financial Company Profile

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.