Chime Financial (NASDAQ:CHYM) CAO Sells $250,000.00 in Stock

Chime Financial, Inc. (NASDAQ:CHYM) CAO Amine Asmerom sold 10,000 shares of the business’s stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $25.00, for a total value of $250,000.00. Following the transaction, the chief accounting officer owned 226,946 shares in the company, valued at approximately $5,673,650. This represents a 4.22% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Chime Financial Price Performance

Shares of NASDAQ CHYM opened at $29.10 on Friday. Chime Financial, Inc. has a 1-year low of $15.88 and a 1-year high of $33.41. The business has a 50-day moving average of $20.52 and a 200-day moving average of $20.83. The company has a market capitalization of $11.09 billion, a price-to-earnings ratio of -415.65 and a beta of 0.31.

Chime Financial (NASDAQ:CHYM) last announced its 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. The business had revenue of $669.77 million for the quarter. Chime Financial had a negative return on equity of 1.27% and a negative net margin of 0.74%.The business’s quarterly revenue was up 26.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($7.29) earnings per share. Research analysts expect that Chime Financial, Inc. will post 0.32 EPS for the current fiscal year.

Hedge Funds Weigh In On Chime Financial

A number of institutional investors have recently made changes to their positions in the business. PNC Financial Services Group Inc. acquired a new stake in shares of Chime Financial during the fourth quarter worth approximately $25,000. EverSource Wealth Advisors LLC bought a new stake in shares of Chime Financial in the second quarter worth $33,000. Scopus Asset Management L.P. acquired a new stake in Chime Financial in the second quarter valued at $34,000. Caitong International Asset Management Co. Ltd raised its holdings in Chime Financial by 686.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,462 shares of the company’s stock valued at $37,000 after acquiring an additional 1,276 shares in the last quarter. Finally, Daiwa Securities Group Inc. bought a new position in Chime Financial during the 2nd quarter valued at $40,000.

Chime Financial News Summary

Here are the key news stories impacting Chime Financial this week:

• Positive Sentiment: Chime reported second-quarter earnings of $0.07 per share, versus the consensus estimate of a $0.01 loss. Revenue increased 26.8% year over year to $669.77 million, supported by stronger user engagement and continued adoption of its digital banking and lending products. Chime Financial stock surges after strong Q2 beat
• Positive Sentiment: Management forecast third-quarter revenue of approximately $680 million to $690 million and projected 2026 revenue of $2.725 billion to $2.745 billion, reinforcing expectations for continued growth. Direct-deposit relationships are also helping Chime expand into lending and other financial products. Chime forecasts 2026 revenue and workforce reduction
• Positive Sentiment: Several analysts raised their price targets after the earnings release. Barclays increased its target to $33 and kept an overweight rating; Morgan Stanley raised its target to $33 with an overweight rating; Piper Sandler raised its target to $35; and BMO, Goldman Sachs, KBW, B. Riley and Canaccord also issued higher targets, with Canaccord at $45 and a buy rating. Analyst price-target updates
• Neutral Sentiment: UBS raised its target to $28 but retained a neutral rating, implying the shares may already reflect much of the improved outlook. UBS Chime Financial price target
• Negative Sentiment: Chime plans to reduce its workforce by roughly 10%. While the move could improve efficiency and profitability, it may signal tighter expense controls and create execution or morale risks. The planned departure of CFO Matt Newcomb adds another leadership-transition concern.
• Neutral Sentiment: Chief Accounting Officer Amine Asmerom sold 10,000 shares for $250,000 under a pre-arranged Rule 10b5-1 plan. Because the sale was scheduled in advance and represents only 4.22% of his holdings, it is a limited signal.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on CHYM. Wolfe Research reiterated an “outperform” rating and set a $32.00 price objective on shares of Chime Financial in a research note on Thursday. Keefe, Bruyette & Woods upped their target price on shares of Chime Financial from $30.00 to $35.00 and gave the company an “outperform” rating in a research note on Thursday. Morgan Stanley lifted their price target on shares of Chime Financial from $31.00 to $33.00 and gave the stock an “overweight” rating in a research note on Thursday. UBS Group boosted their price objective on shares of Chime Financial from $26.00 to $28.00 and gave the stock a “neutral” rating in a report on Thursday. Finally, Texas Capital raised shares of Chime Financial to a “strong-buy” rating in a research report on Tuesday, April 14th. Three research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Chime Financial has a consensus rating of “Moderate Buy” and an average price target of $31.06.

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.