Chime Financial (NASDAQ:CHYM) General Counsel Sells $14,000.00 in Stock

Chime Financial, Inc. (NASDAQ:CHYM) General Counsel Adam Frankel sold 500 shares of the stock in a transaction that occurred on Friday, January 9th. The stock was sold at an average price of $28.00, for a total value of $14,000.00. Following the completion of the transaction, the general counsel owned 218,849 shares of the company’s stock, valued at $6,127,772. The trade was a 0.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Chime Financial Trading Down 4.3%

CHYM stock traded down $1.21 during midday trading on Tuesday, hitting $26.72. 4,775,826 shares of the company’s stock were exchanged, compared to its average volume of 3,484,727. Chime Financial, Inc. has a 1-year low of $16.17 and a 1-year high of $44.94. The stock has a market capitalization of $10.01 billion and a PE ratio of -3.59. The business has a 50-day simple moving average of $23.30 and a two-hundred day simple moving average of $25.12.

Chime Financial (NASDAQ:CHYM) last released its quarterly earnings results on Wednesday, November 5th. The company reported ($0.15) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.25) by $0.10. The business had revenue of $543.52 million for the quarter. The company’s revenue for the quarter was up 28.8% on a year-over-year basis. During the same period in the previous year, the company posted ($0.34) EPS.

Analyst Ratings Changes

CHYM has been the subject of a number of recent analyst reports. Canaccord Genuity Group reiterated a “buy” rating and set a $40.00 price target on shares of Chime Financial in a research report on Thursday, October 30th. Piper Sandler lowered their price target on Chime Financial from $35.00 to $30.00 and set an “overweight” rating for the company in a research report on Thursday, November 6th. Williams Trading set a $17.00 target price on Chime Financial in a research note on Monday, November 3rd. B. Riley assumed coverage on Chime Financial in a report on Thursday, December 11th. They set a “buy” rating and a $35.00 target price for the company. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Chime Financial in a research note on Wednesday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $32.44.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. PFG Investments LLC acquired a new stake in shares of Chime Financial during the 2nd quarter worth about $350,000. Hennessy Advisors Inc. purchased a new position in Chime Financial in the second quarter valued at approximately $207,000. MADDEN SECURITIES Corp purchased a new position in Chime Financial in the second quarter valued at approximately $582,000. Board of Trustees of The Leland Stanford Junior University acquired a new stake in Chime Financial during the second quarter worth approximately $1,453,000. Finally, Jennison Associates LLC purchased a new stake in shares of Chime Financial during the 2nd quarter worth approximately $3,766,000.

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.