Octahedron Capital Management L.P. Takes Position in Chime Financial, Inc. $CHYM

Octahedron Capital Management L.P. bought a new stake in shares of Chime Financial, Inc. (NASDAQ:CHYM) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 100,000 shares of the company’s stock, valued at approximately $3,451,000. Chime Financial comprises 2.6% of Octahedron Capital Management L.P.’s investment portfolio, making the stock its 15th largest position.

Other institutional investors also recently bought and sold shares of the company. Emerald Mutual Fund Advisers Trust purchased a new position in Chime Financial in the 2nd quarter worth approximately $113,000. ANTIPODES PARTNERS Ltd purchased a new stake in shares of Chime Financial during the 2nd quarter valued at about $173,000. Hennessy Advisors Inc. bought a new position in Chime Financial in the second quarter worth approximately $207,000. SBI Securities Co. Ltd. purchased a new position in Chime Financial during the second quarter valued at $217,000. Finally, PFG Investments LLC bought a new position in shares of Chime Financial during the 2nd quarter valued at approximately $350,000.

Chime Financial Stock Performance

Shares of CHYM opened at $18.94 on Wednesday. The business’s fifty day simple moving average is $20.29. Chime Financial, Inc. has a 52-week low of $16.17 and a 52-week high of $44.94.

Chime Financial (NASDAQ:CHYM) last posted its quarterly earnings results on Wednesday, November 5th. The company reported ($0.15) earnings per share for the quarter, beating the consensus estimate of ($0.25) by $0.10. The firm had revenue of $543.52 million during the quarter. Chime Financial’s revenue for the quarter was up 28.8% on a year-over-year basis. During the same period last year, the business posted ($0.34) earnings per share. Chime Financial has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS.

Wall Street Analyst Weigh In

CHYM has been the subject of several research analyst reports. Arete Research upgraded Chime Financial to a “strong-buy” rating in a research report on Tuesday, September 30th. The Goldman Sachs Group cut their price objective on shares of Chime Financial from $35.00 to $25.00 and set a “neutral” rating on the stock in a research report on Monday, October 13th. Canaccord Genuity Group reissued a “buy” rating and issued a $40.00 price objective on shares of Chime Financial in a research report on Thursday, October 30th. Williams Trading set a $17.00 price objective on shares of Chime Financial in a research note on Monday, November 3rd. Finally, Jefferies Financial Group started coverage on Chime Financial in a research report on Monday, November 3rd. They set a “hold” rating and a $17.00 price target on the stock. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $31.93.

About Chime Financial

Chime is a financial technology company that partners with federally regulated, FDIC-insured banks—The Bancorp Bank, N.A. and Stride Bank, N.A., Members FDIC—to provide consumer banking products and services. The company’s model is designed to eliminate common fees and simplify access to basic financial services.

Chime does not charge overdraft fees, monthly service fees, or require minimum balances.