Range Advisory LLC Sells 49,319 Shares of Chime Financial, Inc. $CHYM

Range Advisory LLC trimmed its position in Chime Financial, Inc. (NASDAQ:CHYM) by 14.7% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 285,190 shares of the company’s stock after selling 49,319 shares during the period. Chime Financial comprises 0.7% of Range Advisory LLC’s portfolio, making the stock its 27th biggest holding. Range Advisory LLC owned about 0.08% of Chime Financial worth $5,841,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Aspect Management LLC purchased a new stake in shares of Chime Financial during the 4th quarter valued at about $300,361,000. Orland Properties Ltd purchased a new position in shares of Chime Financial in the second quarter worth approximately $159,093,000. Scge Management L.P. purchased a new position in shares of Chime Financial in the second quarter worth approximately $152,563,000. California State Teachers Retirement System bought a new stake in Chime Financial during the second quarter valued at approximately $59,367,000. Finally, Arrowstreet Capital Limited Partnership increased its holdings in Chime Financial by 2,720.3% during the first quarter. Arrowstreet Capital Limited Partnership now owns 2,756,555 shares of the company’s stock valued at $51,630,000 after buying an additional 2,658,816 shares during the last quarter.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on CHYM shares. Keefe, Bruyette & Woods increased their price target on shares of Chime Financial from $30.00 to $35.00 and gave the stock an “outperform” rating in a research report on Thursday, August 6th. Canaccord Genuity Group upped their price objective on Chime Financial from $40.00 to $45.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. UBS Group raised their target price on Chime Financial from $26.00 to $28.00 and gave the stock a “neutral” rating in a report on Thursday, August 6th. B. Riley Financial lifted their target price on Chime Financial from $35.00 to $37.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Finally, Weiss Ratings raised Chime Financial from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday. Four analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $32.74.

Insider Activity

In related news, major shareholder Global Advisors Ltd Dst sold 1,168,667 shares of Chime Financial stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of $33.04, for a total transaction of $38,612,757.68. Following the sale, the insider owned 369,370 shares of the company’s stock, valued at approximately $12,203,984.80. This trade represents a 75.98% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Christopher Britt sold 200,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $32.04, for a total value of $6,408,000.00. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 13,879,790 shares of company stock valued at $451,025,723 in the last quarter. 12.30% of the stock is currently owned by company insiders.

Chime Financial Stock Performance

CHYM opened at $33.76 on Tuesday. The stock has a market cap of $12.78 billion, a price-to-earnings ratio of -482.22 and a beta of 0.60. The firm’s fifty day moving average is $26.75 and its 200 day moving average is $22.16. Chime Financial, Inc. has a fifty-two week low of $15.88 and a fifty-two week high of $34.44.

Chime Financial (NASDAQ:CHYM) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.07 earnings per share (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 during the quarter. During the same quarter in the previous year, the company posted ($7.29) EPS. The company’s quarterly revenue was up 26.8% on a year-over-year basis. On average, equities research analysts predict that Chime Financial, Inc. will post 0.41 earnings per share for the current year.

Chime Financial Company Profile

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.