Chime Financial (NASDAQ:CHYM) Insider Ryan King Sells 11,318 Shares of Company Stock

Chime Financial, Inc. (NASDAQ:CHYM) insider Ryan King sold 11,318 shares of the stock in a transaction that occurred on Tuesday, October 20th. The shares were sold at an average price of $31.03, for a total transaction of $351,197.54. Following the transaction, the insider owned 37,812 shares in the company, valued at approximately $1,173,306.36. This represents a 23.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Chime Financial Price Performance

Shares of CHYM stock opened at $30.16 on Friday. Chime Financial, Inc. has a 52-week low of $15.88 and a 52-week high of $35.55. The company’s 50 day moving average is $30.72 and its 200 day moving average is $24.30.

Chime Financial (NASDAQ:CHYM) last posted its 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 company had revenue of $669.77 million during the quarter. Chime Financial had a negative return on equity of 1.28% and a negative net margin of 0.74%. The firm’s quarterly revenue was up 26.8% on a year-over-year basis. During the same quarter in the prior year, the company earned ($7.29) EPS. Sell-side analysts expect that Chime Financial, Inc. will post 0.45 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Raymond James Financial set a $35.00 price target on shares of Chime Financial in a report on Thursday, October 8th. Freedom Capital upgraded Chime Financial to a “strong-buy” rating in a research note on Thursday, July 23rd. Barclays upped their target price on Chime Financial from $33.00 to $40.00 and gave the company an “overweight” rating in a research report on Wednesday, September 9th. Wall Street Zen upgraded Chime Financial from a “hold” rating to a “buy” rating in a research note on Saturday, July 25th. Finally, The Goldman Sachs Group increased their price target on Chime Financial from $33.00 to $37.00 and gave the company a “buy” rating in a research note on Tuesday, September 15th. Three 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 issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $36.38.

Institutional Trading of Chime Financial

Large investors have recently bought and sold shares of the stock. NFSG Corp acquired a new position in Chime Financial during the 3rd quarter valued at approximately $27,000. Reyes Financial Architecture Inc. purchased a new position in shares of Chime Financial in the third quarter worth $39,000. Murphy & Mullick Capital Management Corp acquired a new stake in shares of Chime Financial during the first quarter worth $44,000. Nisa Investment Advisors LLC lifted its stake in shares of Chime Financial by 529.7% during the third quarter. Nisa Investment Advisors LLC now owns 1,889 shares of the company’s stock worth $50,000 after buying an additional 1,589 shares during the period. Finally, GAMMA Investing LLC lifted its stake in shares of Chime Financial by 1,316.3% during the third quarter. GAMMA Investing LLC now owns 2,167 shares of the company’s stock worth $58,000 after buying an additional 2,014 shares during the period.

Chime Financial Company Profile

Chime Financial, Inc is a financial technology company that provides digital banking services through its Chime platform. The company offers consumer-focused spending, saving and credit products designed to be accessed primarily through mobile applications rather than traditional branch locations.

Chime’s products include spending accounts with debit cards, savings accounts, direct-deposit services, early access to qualifying paychecks, fee-free overdraft protection through SpotMe, and credit-building products.