Chime Financial (NASDAQ:CHYM) Major Shareholder Global Advisors Ltd Dst Sells 207,513 Shares

Chime Financial, Inc. (NASDAQ:CHYM) major shareholder Global Advisors Ltd Dst sold 207,513 shares of Chime Financial stock in a transaction that occurred on Friday, September 11th. The stock was sold at an average price of $33.07, for a total transaction of $6,862,454.91. Following the transaction, the insider directly owned 366,872 shares in the company, valued at $12,132,457.04. This trade represents a 36.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Global Advisors Ltd Dst also recently made the following trade(s):

• On Wednesday, September 9th, Global Advisors Ltd Dst sold 59,630 shares of Chime Financial stock. The stock was sold at an average price of $35.03, for a total transaction of $2,088,838.90.
• On Wednesday, August 26th, Global Advisors Ltd Dst sold 1,168,667 shares of Chime Financial stock. The shares were sold at an average price of $33.04, for a total transaction of $38,612,757.68.
• On Tuesday, August 25th, Global Advisors Ltd Dst sold 80,914 shares of Chime Financial stock. The shares were sold at an average price of $33.06, for a total transaction of $2,675,016.84.
• On Monday, August 24th, Global Advisors Ltd Dst sold 1,775,044 shares of Chime Financial stock. The shares were sold at an average price of $33.09, for a total transaction of $58,736,205.96.
• On Friday, August 21st, Global Advisors Ltd Dst sold 473,694 shares of Chime Financial stock. The stock was sold at an average price of $32.71, for a total transaction of $15,494,530.74.
• On Thursday, August 20th, Global Advisors Ltd Dst sold 383,031 shares of Chime Financial stock. The stock was sold at an average price of $33.02, for a total transaction of $12,647,683.62.
• On Wednesday, August 19th, Global Advisors Ltd Dst sold 4,456,157 shares of Chime Financial stock. The shares were sold at an average price of $32.66, for a total transaction of $145,538,087.62.
• On Tuesday, August 18th, Global Advisors Ltd Dst sold 353,812 shares of Chime Financial stock. The shares were sold at an average price of $32.21, for a total value of $11,396,284.52.
• On Friday, August 14th, Global Advisors Ltd Dst sold 524,661 shares of Chime Financial stock. The stock was sold at an average price of $32.18, for a total value of $16,883,590.98.
• On Thursday, August 13th, Global Advisors Ltd Dst sold 713,289 shares of Chime Financial stock. The shares were sold at an average price of $32.14, for a total value of $22,925,108.46.

Chime Financial Price Performance

Shares of CHYM stock opened at $33.61 on Wednesday. The stock has a market capitalization of $12.72 billion, a PE ratio of -480.07 and a beta of 0.60. Chime Financial, Inc. has a 1-year low of $15.88 and a 1-year high of $35.55. The business has a 50-day moving average of $28.23 and a 200 day moving average of $22.71.

Chime Financial (NASDAQ:CHYM) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.08. Chime Financial had a negative return on equity of 1.28% and a negative net margin of 0.74%.The business had revenue of $669.77 million for the quarter. During the same period last year, the firm earned ($7.29) earnings per share. Chime Financial’s revenue for the quarter was up 26.8% on a year-over-year basis. Analysts anticipate that Chime Financial, Inc. will post 0.43 EPS for the current year.

More Chime Financial News

Here are the key news stories impacting Chime Financial this week:

• Positive Sentiment: Goldman Sachs raised its price target: Goldman lifted its target for Chime from $33 to $37 and assigned a “Buy” rating, implying approximately 10% upside from the referenced $33.61 level. The upgrade suggests greater confidence in the fintech company’s growth outlook.
• Positive Sentiment: Consensus target moved higher: The average analyst price target reportedly increased 10.98% to $38.71, reinforcing the broadly positive view of Chime’s shares. Consensus price target article
• Positive Sentiment: Additional bullish calls support the stock: B. Riley raised its price target from $37 to $44 while maintaining a “Buy” rating, and Rothschild & Co Redburn upgraded Chime from “Hold” to “Buy” with a $46 target. These targets imply substantial potential upside from recent trading levels.
• Neutral Sentiment: Momentum is strong but valuation risk remains: Chime is trading well above its 50-day and 200-day moving averages and close to its annual high. Elevated volume indicates strong investor interest, but the sharp rally may also leave the shares vulnerable to volatility or profit-taking.
• Negative Sentiment: Multiple directors sold large positions: Director Shawn T. Carolan sold a combined 579,313 shares for approximately $19.2 million, reducing one reported holding by 99.41%. Director James Feuille sold 351,890 shares worth about $11.6 million, while Director Cynthia Marshall sold 20,000 shares for approximately $661,800. The transactions could weigh on investor sentiment, although insider sales may also reflect diversification or planned transactions. Chime insider trading report

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on CHYM shares. Scotiabank raised their price target on shares of Chime Financial from $40.00 to $42.00 and gave the stock a “sector outperform” rating in a report on Wednesday, September 9th. Keefe, Bruyette & Woods increased their target price on shares of Chime Financial from $30.00 to $35.00 and gave the stock an “outperform” rating in a report on Thursday, August 6th. Zacks Research raised Chime Financial from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 18th. Canaccord Genuity Group boosted their price target on Chime Financial from $45.00 to $50.00 and gave the company a “buy” rating in a report on Wednesday, September 9th. Finally, Loop Capital assumed coverage on Chime Financial in a research report on Wednesday, September 9th. They set a “buy” rating and a $45.00 price target for the company. Four equities research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Chime Financial has a consensus rating of “Buy” and an average target price of $36.40.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Spyglass Capital Management LLC boosted its stake in shares of Chime Financial by 162.6% during the 2nd quarter. Spyglass Capital Management LLC now owns 3,406,249 shares of the company’s stock valued at $69,760,000 after purchasing an additional 2,109,057 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its stake in Chime Financial by 2,720.3% in the first quarter. Arrowstreet Capital Limited Partnership now owns 2,756,555 shares of the company’s stock worth $51,630,000 after buying an additional 2,658,816 shares in the last quarter. Ieq Capital LLC purchased a new stake in Chime Financial in the fourth quarter worth about $58,214,000. Light Street Capital Management LLC lifted its holdings in Chime Financial by 5.8% in the second quarter. Light Street Capital Management LLC now owns 2,199,089 shares of the company’s stock worth $45,037,000 after buying an additional 121,474 shares during the period. Finally, Owls Nest Partners IA LLC purchased a new stake in Chime Financial in the fourth quarter worth about $47,065,000.

About Chime Financial

Chime Financial, Inc is a financial technology company that operates a digital banking platform in the United States. Chime provides consumer-focused banking services through its mobile application and website, offering checking and savings accounts, debit cards, direct-deposit services and tools designed to help customers manage their everyday finances. Chime is not a traditional bank; its banking services are provided through partner financial institutions.

The company’s products include a Visa debit card, fee-free overdraft protection through SpotMe for eligible members, early access to qualifying direct deposits, savings features and credit-building products.