Chime Financial (NASDAQ:CHYM) Director Sells $3,252,186.00 in Stock

Chime Financial, Inc. (NASDAQ:CHYM) Director James Feuille sold 95,400 shares of the firm’s stock in a transaction on Monday, September 14th. The stock was sold at an average price of $34.09, for a total transaction of $3,252,186.00. Following the completion of the sale, the director owned 6,751,507 shares in the company, valued at $230,158,873.63. This represents a 1.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

James Feuille also recently made the following trade(s):

• On Wednesday, September 16th, James Feuille sold 256,837 shares of Chime Financial stock. The shares were sold at an average price of $32.33, for a total transaction of $8,303,540.21.
• On Friday, September 11th, James Feuille sold 258,398 shares of Chime Financial stock. The shares were sold at an average price of $32.94, for a total transaction of $8,511,630.12.
• On Thursday, September 10th, James Feuille sold 93,492 shares of Chime Financial stock. The shares were sold at an average price of $33.15, for a total transaction of $3,099,259.80.

Chime Financial Stock Down 1.3%

CHYM stock opened at $30.33 on Friday. Chime Financial, Inc. has a twelve month low of $15.88 and a twelve month high of $35.55. The company has a market cap of $11.48 billion, a PE ratio of -433.22 and a beta of 0.60. The business’s 50-day simple moving average is $28.82 and its 200 day simple moving average is $22.87.

Chime Financial (NASDAQ:CHYM) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.07 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $669.77 million during the quarter. During the same period last year, the company earned ($7.29) EPS. The company’s revenue was up 26.8% on a year-over-year basis. On average, equities research analysts anticipate that Chime Financial, Inc. will post 0.44 EPS for the current year.

Analyst Ratings Changes

Several brokerages recently commented on CHYM. Loop Capital assumed coverage on Chime Financial in a research report on Wednesday, September 9th. They issued a “buy” rating and a $45.00 target price for the company. Keefe, Bruyette & Woods boosted their price target on shares of Chime Financial from $30.00 to $35.00 and gave the company an “outperform” rating in a report on Thursday, August 6th. KeyCorp increased their price objective on shares of Chime Financial from $33.00 to $40.00 and gave the company an “overweight” rating in a research note on Wednesday, September 9th. Weiss Ratings raised shares of Chime Financial from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, September 3rd. Finally, Piper Sandler lifted their target price on shares of Chime Financial from $35.00 to $40.00 and gave the company an “overweight” rating in a research report on Wednesday, September 9th. Four analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $36.40.

Institutional Investors Weigh In On Chime Financial

Institutional investors and hedge funds have recently made changes to their positions in the company. Spyglass Capital Management LLC grew its holdings in shares of Chime Financial by 162.6% in the 2nd quarter. Spyglass Capital Management LLC now owns 3,406,249 shares of the company’s stock worth $69,760,000 after purchasing an additional 2,109,057 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in Chime Financial by 2,720.3% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,756,555 shares of the company’s stock valued at $51,630,000 after purchasing an additional 2,658,816 shares during the last quarter. Ieq Capital LLC acquired a new position in Chime Financial in the fourth quarter valued at about $58,214,000. Light Street Capital Management LLC boosted its position 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 valued at $45,037,000 after buying an additional 121,474 shares in the last quarter. Finally, Owls Nest Partners IA LLC acquired a new position in Chime Financial in the fourth quarter valued at about $47,065,000.

Chime Financial Company Profile

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.