Hamilton Lane Advisors LLC Purchases Shares of 129,102 Chime Financial, Inc. $CHYM

Hamilton Lane Advisors LLC purchased a new position in shares of Chime Financial, Inc. (NASDAQ:CHYM) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 129,102 shares of the company’s stock, valued at approximately $3,249,000. Chime Financial comprises approximately 1.8% of Hamilton Lane Advisors LLC’s investment portfolio, making the stock its 8th largest holding.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CHYM. EverSource Wealth Advisors LLC purchased a new position in shares of Chime Financial during the 2nd quarter valued at about $33,000. Scopus Asset Management L.P. purchased a new stake in Chime Financial in the second quarter worth approximately $34,000. Daiwa Securities Group Inc. bought a new position in Chime Financial during the second quarter valued at approximately $40,000. Osaic Holdings Inc. bought a new position in Chime Financial during the second quarter valued at approximately $45,000. Finally, Farther Finance Advisors LLC purchased a new position in shares of Chime Financial during the third quarter worth approximately $50,000.

Chime Financial Stock Performance

Shares of CHYM stock opened at $19.24 on Friday. Chime Financial, Inc. has a fifty-two week low of $16.17 and a fifty-two week high of $44.94. The stock has a 50 day moving average price of $21.16 and a two-hundred day moving average price of $21.99. The company has a market capitalization of $7.39 billion and a P/E ratio of -2.54.

Chime Financial (NASDAQ:CHYM) last issued its earnings results on Wednesday, February 25th. The company reported ($0.12) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.20) by $0.08. Chime Financial had a negative net margin of 46.18% and a negative return on equity of 70.90%. The firm had revenue of $596.36 million for the quarter. During the same quarter in the prior year, the business posted ($0.30) EPS. The firm’s revenue for the quarter was up 25.5% on a year-over-year basis.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. UBS Group boosted their price objective on shares of Chime Financial from $24.00 to $27.00 and gave the stock a “neutral” rating in a report on Thursday, February 26th. B. Riley Financial started coverage on shares of Chime Financial in a report on Thursday, December 11th. They set a “buy” rating and a $35.00 target price on the stock. Keefe, Bruyette & Woods upgraded shares of Chime Financial from a “moderate buy” rating to a “strong-buy” rating in a research report on Thursday, February 26th. The Goldman Sachs Group boosted their price target on shares of Chime Financial from $27.00 to $30.00 and gave the stock a “buy” rating in a research note on Tuesday, January 6th. Finally, KeyCorp assumed coverage on shares of Chime Financial in a research report on Wednesday, March 4th. They set an “overweight” rating and a $30.00 price target for the company. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $32.28.

Insider Buying and Selling at Chime Financial

In other Chime Financial news, CEO Christopher R. Britt sold 50,000 shares of the stock in a transaction on Friday, January 9th. The shares were sold at an average price of $28.06, for a total transaction of $1,403,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel Adam B. Frankel sold 4,382 shares of the firm’s stock in a transaction on Thursday, January 8th. The stock was sold at an average price of $27.29, for a total transaction of $119,584.78. Following the completion of the sale, the general counsel directly owned 209,500 shares in the company, valued at approximately $5,717,255. This trade represents a 2.05% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 64,882 shares of company stock valued at $1,816,685 in the last quarter.

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.