129,102 Shares in Chime Financial, Inc. $CHYM Acquired by Hamilton Lane Advisors LLC

Hamilton Lane Advisors LLC acquired a new stake in Chime Financial, Inc. (NASDAQ:CHYM) in the fourth quarter, according to its most recent filing with the SEC. The fund acquired 129,102 shares of the company’s stock, valued at approximately $3,249,000. Chime Financial makes up 1.8% of Hamilton Lane Advisors LLC’s holdings, making the stock its 8th largest holding.

A number of other hedge funds and other institutional investors have also bought and sold shares of CHYM. Harbor Capital Advisors Inc. purchased a new stake in shares of Chime Financial during the fourth quarter worth $833,000. Perigon Wealth Management LLC purchased a new position in shares of Chime Financial in the fourth quarter valued at $1,372,000. SG Americas Securities LLC grew its position in shares of Chime Financial by 111.6% in the fourth quarter. SG Americas Securities LLC now owns 30,952 shares of the company’s stock valued at $779,000 after purchasing an additional 16,322 shares in the last quarter. Davis Selected Advisers bought a new stake in shares of Chime Financial during the 3rd quarter valued at $48,391,000. Finally, Lunate Capital Ltd bought a new stake in shares of Chime Financial during the 3rd quarter valued at $36,503,000.

Wall Street Analysts Forecast Growth

CHYM has been the topic of several analyst reports. UBS Group upped their price target on Chime Financial from $24.00 to $27.00 and gave the company a “neutral” rating in a research report on Thursday, February 26th. The Goldman Sachs Group boosted their price objective on shares of Chime Financial from $27.00 to $30.00 and gave the company a “buy” rating in a research note on Tuesday, January 6th. Wall Street Zen lowered shares of Chime Financial from a “buy” rating to a “hold” rating in a report on Saturday. B. Riley Financial began coverage on shares of Chime Financial in a research note on Thursday, December 11th. They issued a “buy” rating and a $35.00 target price on the stock. Finally, Keefe, Bruyette & Woods raised shares of Chime Financial from a “moderate buy” rating to a “strong-buy” rating in a report on Thursday, February 26th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $32.28.

Chime Financial Price Performance

Shares of NASDAQ CHYM opened at $19.24 on Friday. The stock’s 50-day simple moving average is $21.16 and its two-hundred day simple moving average is $21.99. Chime Financial, Inc. has a twelve month low of $16.17 and a twelve month high of $44.94. The firm has a market capitalization of $7.39 billion and a P/E ratio of -2.54.

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

Insider Buying and Selling at Chime Financial

In other Chime Financial news, CFO Matthew S. Newcomb sold 10,000 shares of Chime Financial stock in a transaction that occurred on Friday, January 9th. The shares were sold at an average price of $28.01, for a total transaction of $280,100.00. Following the completion of the sale, the chief financial officer directly owned 2,240,798 shares in the company, valued at $62,764,751.98. The trade was a 0.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Christopher R. Britt sold 50,000 shares of the business’s stock in a transaction that occurred on Friday, January 9th. The stock was sold at an average price of $28.06, for a total transaction of $1,403,000.00. The SEC filing for this sale provides additional information. Insiders sold a total of 64,882 shares of company stock worth $1,816,685 over the last three months.

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.