Chime Financial (NASDAQ:CHYM) Director Sells $661,800.00 in Stock

Chime Financial, Inc. (NASDAQ:CHYM) Director Cynthia Marshall sold 20,000 shares of the company’s stock in a transaction on Friday, September 11th. The shares were sold at an average price of $33.09, for a total value of $661,800.00. Following the sale, the director owned 28,548 shares of the company’s stock, valued at approximately $944,653.32. This trade represents a 41.20% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Chime Financial Stock Performance

Shares of NASDAQ:CHYM opened at $31.25 on Thursday. The stock has a market capitalization of $11.83 billion, a price-to-earnings ratio of -446.36 and a beta of 0.60. The stock’s 50-day simple moving average is $28.44 and its two-hundred day simple moving average is $22.76. Chime Financial, Inc. has a 52-week low of $15.88 and a 52-week high of $35.55.

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

Chime Financial News Summary

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

• Positive Sentiment: Analysts remain bullish: Goldman Sachs raised its price target to $37 and maintained a “Buy” rating. B. Riley lifted its target to $44, while Rothschild & Co Redburn upgraded CHYM to “Buy” with a $46 target. These calls indicate continued confidence in Chime’s growth outlook. B. Riley raises Chime price target Rothschild upgrades Chime
• Positive Sentiment: Bank acquisition offers strategic upside: Chime agreed to acquire Central Service Corporation, the parent of Stride Bank, for $590 million in cash. Pending regulatory approvals, the transaction would allow Stride to become Chime Bank, N.A., giving Chime greater control over its banking infrastructure and potentially improving long-term economics. Chime bank acquisition analysis
• Positive Sentiment: Operating momentum remains favorable: Chime’s latest results showed revenue growth of 26.8% year over year, 10.4 million active members and a second consecutive quarter of GAAP profitability. The company also raised its full-year outlook.
• Neutral Sentiment: New York expansion: Chime opened a new office in New York, supporting its corporate and hiring footprint, although the announcement is unlikely to materially change near-term earnings expectations. Chime opens New York office
• Negative Sentiment: Heavy insider selling is a sentiment headwind: General Counsel Adam Frankel sold 102,002 shares for about $3.4 million, and Director James Feuille sold 352,237 shares worth roughly $11.6 million across two transactions. A major shareholder also sold 207,513 shares for approximately $6.9 million. Recent disclosures show numerous insider sales and no reported open-market purchases over the past six months. Some transactions were conducted under pre-arranged Rule 10b5-1 plans, but the volume may still reinforce profit-taking concerns. SEC insider sale filing
• Negative Sentiment: Acquisition risks are being reassessed: Investors are weighing regulatory approval, integration costs and capital requirements associated with the Stride transaction. After the recent run-up, these uncertainties have contributed to increased volatility and pressure on CHYM.

Hedge Funds Weigh In On Chime Financial

Several large investors have recently added to or reduced their stakes in CHYM. Spyglass Capital Management LLC boosted its position in shares of Chime Financial by 162.6% in the second quarter. Spyglass Capital Management LLC now owns 3,406,249 shares of the company’s stock worth $69,760,000 after purchasing an additional 2,109,057 shares during the period. Ieq Capital LLC bought a new stake in shares of Chime Financial during the 4th quarter valued at $58,214,000. Arrowstreet Capital Limited Partnership raised 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 valued at $51,630,000 after purchasing an additional 2,658,816 shares during the period. Owls Nest Partners IA LLC purchased a new position in shares of Chime Financial during the 4th quarter valued at $47,065,000. Finally, Light Street Capital Management LLC lifted its stake in shares of Chime Financial by 5.8% during 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 buying an additional 121,474 shares in the last quarter.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on CHYM shares. Canaccord Genuity Group increased their price target on shares of Chime Financial from $45.00 to $50.00 and gave the stock a “buy” rating in a research report on Wednesday, September 9th. KeyCorp boosted their price objective on shares of Chime Financial from $33.00 to $40.00 and gave the company an “overweight” rating in a research report on Wednesday, September 9th. Morgan Stanley raised their target price on Chime Financial from $39.00 to $40.00 and gave the stock an “overweight” rating in a report on Wednesday, September 9th. Weiss Ratings upgraded Chime Financial from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, September 3rd. Finally, BMO Capital Markets lifted 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. Four investment 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 given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $36.40.

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.