Chime Financial (NASDAQ:CHYM) CAO Amine Asmerom Sells 10,000 Shares of Stock

Chime Financial, Inc. (NASDAQ:CHYM) CAO Amine Asmerom sold 10,000 shares of Chime Financial stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $25.00, for a total value of $250,000.00. Following the completion of the sale, the chief accounting officer directly owned 226,946 shares in the company, valued at approximately $5,673,650. The trade was a 4.22% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Chime Financial Stock Up 3.9%

Shares of NASDAQ CHYM traded up $0.97 during midday trading on Wednesday, reaching $25.92. 9,427,624 shares of the stock traded hands, compared to its average volume of 5,253,328. Chime Financial, Inc. has a one year low of $15.88 and a one year high of $33.99. The company’s 50 day moving average is $20.05 and its 200 day moving average is $20.74.

Chime Financial (NASDAQ:CHYM) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.07 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.08. Chime Financial had a negative net margin of 41.87% and a negative return on equity of 67.86%. The business had revenue of $669.77 million during the quarter. During the same quarter last year, the business earned ($7.29) EPS. Chime Financial’s revenue for the quarter was up 26.8% compared to the same quarter last year. As a group, equities analysts predict that Chime Financial, Inc. will post 0.3 EPS for the current fiscal year.

Analysts Set New Price Targets

CHYM has been the topic of a number of recent research reports. Barclays began coverage on Chime Financial in a research report on Wednesday, July 8th. They set an “overweight” rating and a $26.00 price objective on the stock. Freedom Capital raised Chime Financial to a “strong-buy” rating in a research report on Thursday, July 23rd. BMO Capital Markets lowered their price target on Chime Financial from $30.00 to $28.00 and set an “outperform” rating for the company in a research report on Wednesday, July 22nd. Wall Street Zen upgraded shares of Chime Financial from a “hold” rating to a “buy” rating in a research report on Saturday, July 25th. Finally, Wells Fargo & Company increased their target price on shares of Chime Financial from $25.00 to $28.00 and gave the company an “overweight” rating in a research note on Thursday, May 7th. Five analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $29.19.

Hedge Funds Weigh In On Chime Financial

A number of large investors have recently bought and sold shares of CHYM. EverSource Wealth Advisors LLC bought a new position in Chime Financial in the 2nd quarter valued at $33,000. Scopus Asset Management L.P. bought a new stake in shares of Chime Financial during the second quarter worth $34,000. PNC Financial Services Group Inc. purchased a new stake in shares of Chime Financial during the fourth quarter valued at $25,000. Daiwa Securities Group Inc. bought a new position in shares of Chime Financial in the second quarter worth about $40,000. Finally, Caitong International Asset Management Co. Ltd grew its holdings in shares of 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 worth $37,000 after purchasing an additional 1,276 shares during the last quarter.

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.