U.S. Capital Wealth Advisors LLC Buys 35,100 Shares of Chime Financial, Inc. $CHYM

U.S. Capital Wealth Advisors LLC increased its stake in shares of Chime Financial, Inc. (NASDAQ:CHYM) by 43.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 116,550 shares of the company’s stock after acquiring an additional 35,100 shares during the period. U.S. Capital Wealth Advisors LLC’s holdings in Chime Financial were worth $2,934,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in CHYM. EverSource Wealth Advisors LLC bought a new stake in Chime Financial during the second quarter worth approximately $33,000. Scopus Asset Management L.P. bought a new stake in shares of Chime Financial during the 2nd quarter worth $34,000. Daiwa Securities Group Inc. acquired a new position in Chime Financial in the 2nd quarter valued at $40,000. Osaic Holdings Inc. bought a new position in Chime Financial in the 2nd quarter worth $45,000. Finally, Farther Finance Advisors LLC acquired a new position in Chime Financial during the 3rd quarter worth $50,000.

Chime Financial Stock Up 4.5%

CHYM stock opened at $22.23 on Tuesday. Chime Financial, Inc. has a twelve month low of $16.17 and a twelve month high of $44.94. The company has a market cap of $8.54 billion and a PE ratio of -2.89. The business’s 50-day simple moving average is $20.47 and its 200 day simple moving average is $21.82.

Chime Financial (NASDAQ:CHYM) last announced its quarterly earnings data on Wednesday, February 25th. The company reported ($0.12) EPS for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.08. The company had revenue of $596.36 million during the quarter. Chime Financial had a negative return on equity of 70.90% and a negative net margin of 46.18%.Chime Financial’s revenue was up 25.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.30) EPS.

Analyst Ratings Changes

Several research firms recently weighed in on CHYM. Rothschild & Co Redburn raised Chime Financial to a “hold” rating in a research report on Monday, January 26th. Wells Fargo & Company initiated coverage on Chime Financial in a research report on Monday. They issued an “overweight” rating and a $25.00 price target on the stock. Keefe, Bruyette & Woods raised Chime Financial from a “moderate buy” rating to a “strong-buy” rating in a research report on Thursday, February 26th. Compass Point upgraded shares of Chime Financial from a “neutral” rating to a “buy” rating and lowered their price objective for the stock from $33.00 to $27.00 in a research note on Monday. Finally, KeyCorp started coverage on shares of Chime Financial in a research report on Wednesday, March 4th. They set an “overweight” rating and a $30.00 target price on the stock. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $31.58.

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.