Chime Financial (NASDAQ:CHYM) General Counsel Adam Frankel Sells 4,382 Shares

Chime Financial, Inc. (NASDAQ:CHYM) General Counsel Adam Frankel sold 4,382 shares of the business’s stock in a transaction dated Thursday, January 8th. The stock was sold at an average price of $27.29, for a total value of $119,584.78. Following the sale, the general counsel owned 209,500 shares of the company’s stock, valued at $5,717,255. The trade was a 2.05% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Chime Financial Stock Up 0.2%

CHYM opened at $27.76 on Friday. Chime Financial, Inc. has a 52-week low of $16.17 and a 52-week high of $44.94. The company has a 50 day moving average of $23.10 and a two-hundred day moving average of $25.23. The company has a market cap of $10.40 billion and a P/E ratio of -3.73.

Chime Financial (NASDAQ:CHYM) last posted its earnings results on Wednesday, November 5th. The company reported ($0.15) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.25) by $0.10. The company had revenue of $543.52 million during the quarter. The business’s quarterly revenue was up 28.8% on a year-over-year basis. During the same period in the prior year, the business posted ($0.34) EPS.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. B. Riley assumed coverage on Chime Financial in a research note on Thursday, December 11th. They set a “buy” rating and a $35.00 target price for the company. Williams Trading set a $17.00 target price on shares of Chime Financial in a research report on Monday, November 3rd. Arete Research raised shares of Chime Financial to a “strong-buy” rating in a research report on Tuesday, September 30th. UBS Group lowered their price objective on Chime Financial from $37.00 to $24.00 and set a “neutral” rating for the company in a report on Thursday, November 6th. Finally, Keefe, Bruyette & Woods decreased their target price on Chime Financial from $42.00 to $35.00 and set an “outperform” rating for the company in a research report on Wednesday, October 1st. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Chime Financial has an average rating of “Moderate Buy” and a consensus target price of $32.44.

Institutional Investors Weigh In On Chime Financial

Institutional investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC bought a new position in shares of Chime Financial in the second quarter valued at $9,519,000. Norges Bank acquired a new position in shares of Chime Financial in the 2nd quarter worth $24,157,000. U.S. Capital Wealth Advisors LLC raised its position in shares of Chime Financial by 1,203.2% during the third quarter. U.S. Capital Wealth Advisors LLC now owns 81,450 shares of the company’s stock worth $1,643,000 after purchasing an additional 75,200 shares during the period. Seven Grand Managers LLC purchased a new stake in shares of Chime Financial during the second quarter valued at $3,451,000. Finally, Franklin Resources Inc. acquired a new position in shares of Chime Financial in the 2nd quarter valued at $24,157,000.

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.