Chime Financial (NASDAQ:CHYM) CFO Matthew Newcomb Sells 10,000 Shares

Chime Financial, Inc. (NASDAQ:CHYM) CFO Matthew Newcomb sold 10,000 shares of the stock in a transaction that occurred on Friday, January 9th. The stock was sold at an average price of $28.01, for a total value of $280,100.00. Following the transaction, the chief financial officer owned 2,240,798 shares in the company, valued at $62,764,751.98. The trade was a 0.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Chime Financial Price Performance

Shares of NASDAQ:CHYM traded down $1.21 during mid-day trading on Tuesday, hitting $26.72. The company had a trading volume of 4,775,826 shares, compared to its average volume of 3,484,727. Chime Financial, Inc. has a one year low of $16.17 and a one year high of $44.94. The firm has a fifty day moving average price of $23.30 and a 200 day moving average price of $25.12. The company has a market capitalization of $10.01 billion and a PE ratio of -3.59.

Chime Financial (NASDAQ:CHYM) last issued its earnings results on Wednesday, November 5th. The company reported ($0.15) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.25) by $0.10. The company had revenue of $543.52 million for the quarter. During the same quarter in the previous year, the company posted ($0.34) earnings per share. The firm’s quarterly revenue was up 28.8% compared to the same quarter last year.

Institutional Trading of Chime Financial

Hedge funds have recently bought and sold shares of the business. SG Americas Securities LLC boosted its position in Chime Financial by 111.6% in the fourth quarter. SG Americas Securities LLC now owns 30,952 shares of the company’s stock worth $779,000 after purchasing an additional 16,322 shares during the last quarter. Davis Selected Advisers bought a new stake in shares of Chime Financial during the 3rd quarter worth $48,391,000. Lunate Capital Ltd purchased a new position in shares of Chime Financial in the 3rd quarter worth about $36,503,000. Armistice Capital LLC bought a new position in Chime Financial during the third quarter valued at about $257,000. Finally, Dark Forest Capital Management LP purchased a new stake in Chime Financial during the third quarter worth about $1,185,000.

Wall Street Analysts Forecast Growth

CHYM has been the subject of a number of research analyst reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Chime Financial in a research note on Wednesday, October 8th. JPMorgan Chase & Co. decreased their price objective on Chime Financial from $40.00 to $34.00 and set an “overweight” rating for the company in a report on Thursday, November 6th. B. Riley started coverage on shares of Chime Financial in a report on Thursday, December 11th. They set a “buy” rating and a $35.00 price objective on the stock. The Goldman Sachs Group boosted their target price on shares of Chime Financial from $27.00 to $30.00 and gave the stock a “buy” rating in a research report on Tuesday, January 6th. Finally, Keefe, Bruyette & Woods lowered their target price on shares of Chime Financial from $42.00 to $35.00 and set an “outperform” rating on the stock in a report on Wednesday, October 1st. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Chime Financial currently has an average rating of “Moderate Buy” and a consensus price target of $32.44.

Chime Financial Company 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.