Ryan King Sells 42,421 Shares of Chime Financial (NASDAQ:CHYM) Stock

Chime Financial, Inc. (NASDAQ:CHYM) insider Ryan King sold 42,421 shares of the firm’s stock in a transaction that occurred on Wednesday, September 9th. The shares were sold at an average price of $35.15, for a total transaction of $1,491,098.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Chime Financial Stock Up 1.0%

Shares of CHYM stock opened at $33.00 on Friday. Chime Financial, Inc. has a fifty-two week low of $15.88 and a fifty-two week high of $35.55. The firm’s 50 day moving average price is $27.73 and its two-hundred day moving average price is $22.50. The stock has a market cap of $12.49 billion, a price-to-earnings ratio of -471.36 and a beta of 0.60.

Chime Financial (NASDAQ:CHYM) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.08. The company had revenue of $669.77 million during the quarter. Chime Financial had a negative net margin of 0.74% and a negative return on equity of 1.28%. Chime Financial’s revenue was up 26.8% on a year-over-year basis. During the same period in the previous year, the company earned ($7.29) EPS. On average, equities analysts forecast that Chime Financial, Inc. will post 0.44 EPS for the current fiscal year.

More Chime Financial News

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

• Positive Sentiment: Chime agreed to acquire Stride Bank, its longtime banking partner, for approximately $590 million in cash. Owning a nationally chartered bank could reduce partner fees and funding costs, improve control over lending and compliance, and generate more than $100 million in annual savings. The transaction is expected to be accretive to earnings after its anticipated first-half 2027 closing. Stride Bank acquisition article
• Positive Sentiment: Management raised its outlook, projecting third-quarter revenue of approximately $705 million and full-year 2026 revenue of $2.76 billion to $2.77 billion. Full-year adjusted EBITDA guidance increased to $481 million-$489 million, supporting the investment case.
• Positive Sentiment: Analyst sentiment strengthened. KeyCorp raised its price target to $40, Scotiabank to $42, and Loop Capital initiated coverage with a Buy rating and a $45 target. Other firms, including Morgan Stanley, Piper Sandler and UBS, also reportedly increased targets, while Zacks added CHYM to its Strong Buy momentum list. KeyCorp price target article
• Neutral Sentiment: The Stride transaction requires regulatory approval and will expose Chime to bank capital requirements, federal oversight and integration risks. Investors will also monitor whether the bank remains below the $10 billion asset threshold, which affects debit-card interchange economics.
• Negative Sentiment: Valuation appears stretched after an approximately 86% three-month rally and a move close to the 52-week high. UBS maintained a Neutral rating despite raising its target to $31, indicating some analysts see limited upside at elevated levels.
• Negative Sentiment: Insiders continued to sell shares. Major shareholder Global Advisors Ltd Dst sold 59,630 shares for about $2.09 million, while Ryan King sold 42,421 shares for approximately $1.49 million. Chief Accounting Officer Amine Asmerom also sold 19,505 shares for about $642,000. The executive sales were conducted under pre-arranged Rule 10b5-1 plans, reducing their significance as discretionary bearish signals.

Analyst Ratings Changes

Several research analysts have commented on the company. Weiss Ratings raised Chime Financial from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, September 3rd. Scotiabank increased their target price on Chime Financial from $40.00 to $42.00 and gave the company a “sector outperform” rating in a research note on Wednesday. Freedom Capital upgraded Chime Financial to a “strong-buy” rating in a report on Thursday, July 23rd. Zacks Research raised Chime Financial from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 18th. Finally, Wells Fargo & Company upped their price target on Chime Financial from $33.00 to $39.00 and gave the stock an “overweight” rating in a report on Tuesday, August 25th. Four equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $35.00.

Institutional Trading of Chime Financial

Hedge funds have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC bought a new stake in shares of Chime Financial in the 2nd quarter worth about $33,000. Scopus Asset Management L.P. acquired a new stake in Chime Financial in the second quarter worth $34,000. PNC Financial Services Group Inc. acquired a new stake in shares of Chime Financial in the 4th quarter worth about $25,000. Daiwa Securities Group Inc. bought a new stake in Chime Financial in the 2nd quarter valued at about $40,000. Finally, Osaic Holdings Inc. acquired a new position in Chime Financial during the 2nd quarter valued at about $45,000.

Chime Financial Company Profile

Chime Financial, Inc is a financial technology company that operates a digital banking platform in the United States. Chime provides consumer-focused banking services through its mobile application and website, offering checking and savings accounts, debit cards, direct-deposit services and tools designed to help customers manage their everyday finances. Chime is not a traditional bank; its banking services are provided through partner financial institutions.

The company’s products include a Visa debit card, fee-free overdraft protection through SpotMe for eligible members, early access to qualifying direct deposits, savings features and credit-building products.