Temasek Holdings Private Ltd Makes New Investment in Chime Financial, Inc. $CHYM

Temasek Holdings Private Ltd purchased a new position in shares of Chime Financial, Inc. (NASDAQ:CHYM) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 29,695 shares of the company’s stock, valued at approximately $747,000.

Several other institutional investors have also recently made changes to their positions in CHYM. PNC Financial Services Group Inc. acquired a new position in shares of Chime Financial during the 4th quarter worth approximately $25,000. EverSource Wealth Advisors LLC acquired a new position in shares of Chime Financial during the 2nd quarter worth approximately $33,000. Scopus Asset Management L.P. acquired a new position in shares of Chime Financial during the 2nd quarter worth approximately $34,000. Caitong International Asset Management Co. Ltd increased its position in shares of Chime Financial by 686.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,462 shares of the company’s stock worth $37,000 after purchasing an additional 1,276 shares during the last quarter. Finally, Daiwa Securities Group Inc. acquired a new position in shares of Chime Financial during the 2nd quarter worth approximately $40,000.

Chime Financial Trading Up 5.6%

CHYM stock opened at $17.64 on Tuesday. The firm has a market capitalization of $6.72 billion and a PE ratio of -2.37. Chime Financial, Inc. has a 1-year low of $15.88 and a 1-year high of $38.67. The business’s 50 day simple moving average is $19.52 and its 200 day simple moving average is $21.89.

Chime Financial (NASDAQ:CHYM) last posted its earnings results on Wednesday, May 6th. The company reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.10. Chime Financial had a negative return on equity of 67.86% and a negative net margin of 41.87%.The business had revenue of $647.39 million for the quarter. Chime Financial’s revenue was up 24.8% on a year-over-year basis. As a group, sell-side analysts predict that Chime Financial, Inc. will post 0.3 EPS for the current fiscal year.

Insider Buying and Selling

In other Chime Financial news, General Counsel Adam B. Frankel sold 3,000 shares of the company’s stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $18.00, for a total value of $54,000.00. Following the transaction, the general counsel directly owned 306,795 shares of the company’s stock, valued at $5,522,310. This represents a 0.97% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 12.30% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms recently weighed in on CHYM. BMO Capital Markets began coverage on Chime Financial in a report on Wednesday, April 22nd. They set an “outperform” rating and a $30.00 target price on the stock. Wall Street Zen raised Chime Financial from a “hold” rating to a “buy” rating in a report on Sunday, April 12th. Texas Capital raised Chime Financial to a “strong-buy” rating in a report on Tuesday, April 14th. Keefe, Bruyette & Woods raised Chime Financial from a “moderate buy” rating to a “strong-buy” rating in a report on Thursday, February 26th. Finally, Canaccord Genuity Group reissued a “buy” rating and set a $40.00 target price on shares of Chime Financial in a report on Monday, May 11th. Four equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $31.65.

About Chime Financial

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.