Temasek Holdings Private Ltd Makes New Investment in Chime Financial, Inc. $CHYM

Temasek Holdings Private Ltd acquired a new stake in shares of Chime Financial, Inc. (NASDAQ:CHYM) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 29,695 shares of the company’s stock, valued at approximately $747,000.

Other institutional investors have also modified their holdings of the company. EverSource Wealth Advisors LLC bought a new position in shares of Chime Financial during the 2nd quarter valued at about $33,000. Scopus Asset Management L.P. bought a new position in shares of Chime Financial during the 2nd quarter valued at about $34,000. PNC Financial Services Group Inc. bought a new position in shares of Chime Financial during the 4th quarter valued at about $25,000. Daiwa Securities Group Inc. bought a new position in shares of Chime Financial during the 2nd quarter valued at about $40,000. Finally, Osaic Holdings Inc. bought a new position in shares of Chime Financial during the 2nd quarter valued at about $45,000.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. KeyCorp assumed coverage on Chime Financial in a report on Wednesday, March 4th. They set an “overweight” rating and a $30.00 price objective on the stock. Weiss Ratings reiterated a “sell (e+)” rating on shares of Chime Financial in a report on Wednesday, June 3rd. UBS Group lifted their price objective on Chime Financial from $24.00 to $27.00 and gave the company a “neutral” rating in a report on Thursday, February 26th. Compass Point upgraded Chime Financial from a “neutral” rating to a “buy” rating and cut their price objective for the company from $33.00 to $27.00 in a report on Monday, April 13th. Finally, Canaccord Genuity Group reissued a “buy” rating and issued a $40.00 target price on shares of Chime Financial in a research report on Monday, May 11th. Four research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $31.65.

Insider Transactions at Chime Financial

In other Chime Financial news, General Counsel Adam B. Frankel sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $18.00, for a total transaction of $54,000.00. Following the transaction, the general counsel owned 306,795 shares of the company’s stock, valued at $5,522,310. The trade was a 0.97% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 12.30% of the company’s stock.

Chime Financial Stock Performance

Shares of Chime Financial stock opened at $17.64 on Tuesday. The business’s 50 day simple moving average is $19.52 and its 200 day simple moving average is $21.89. Chime Financial, Inc. has a 52-week low of $15.88 and a 52-week high of $38.67. The firm has a market cap of $6.72 billion and a PE ratio of -2.37.

Chime Financial (NASDAQ:CHYM) last announced its earnings results on Wednesday, May 6th. The company reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.10. Chime Financial had a negative return on equity of 67.86% and a negative net margin of 41.87%.The business had revenue of $647.39 million for the quarter. Chime Financial’s revenue was up 24.8% on a year-over-year basis. As a group, equities research analysts predict that Chime Financial, Inc. will post 0.3 EPS for the current year.

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.