Christopher Britt Sells 150,000 Shares of Chime Financial (NASDAQ:CHYM) Stock

Chime Financial, Inc. (NASDAQ:CHYM) CEO Christopher Britt sold 150,000 shares of the stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $30.16, for a total transaction of $4,524,000.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Chime Financial Stock Performance

NASDAQ:CHYM traded up $1.75 during trading hours on Monday, reaching $30.85. The company’s stock had a trading volume of 8,443,004 shares, compared to its average volume of 7,993,546. The stock has a 50 day moving average price of $20.76 and a two-hundred day moving average price of $20.83. Chime Financial, Inc. has a 12 month low of $15.88 and a 12 month high of $33.41.

Chime Financial (NASDAQ:CHYM) last issued its quarterly earnings data 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. The firm had revenue of $669.77 million for the quarter. Chime Financial had a negative net margin of 0.74% and a negative return on equity of 1.28%. The firm’s quarterly revenue was up 26.8% on a year-over-year basis. During the same period in the previous year, the firm earned ($7.29) EPS. On average, sell-side analysts predict that Chime Financial, Inc. will post 0.34 earnings per share for the current fiscal year.

Institutional Trading of Chime Financial

Several large investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. purchased a new position in shares of Chime Financial in the second quarter worth about $693,000. Legal & General Group Plc purchased a new stake in Chime Financial in the second quarter valued at approximately $136,000. Russell Investments Group Ltd. acquired a new position in Chime Financial in the 2nd quarter worth approximately $958,000. EverSource Wealth Advisors LLC acquired a new position in Chime Financial in the 2nd quarter worth approximately $33,000. Finally, Marshall Wace LLP acquired a new position in Chime Financial in the 2nd quarter worth approximately $9,087,000.

Analyst Ratings Changes

Several analysts have recently commented on CHYM shares. Barclays increased their price objective on Chime Financial from $26.00 to $33.00 and gave the company an “overweight” rating in a report on Friday. Compass Point raised Chime Financial from a “neutral” rating to a “buy” rating and lowered their price target for the stock from $33.00 to $27.00 in a report on Monday, April 13th. The Goldman Sachs Group boosted their price target on Chime Financial from $26.00 to $33.00 and gave the stock a “buy” rating in a research note on Thursday. B. Riley Financial upped their price objective on shares of Chime Financial from $35.00 to $37.00 and gave the company a “buy” rating in a report on Thursday. Finally, UBS Group increased their price objective on shares of Chime Financial from $26.00 to $28.00 and gave the company a “neutral” rating in a research report on Thursday. Three research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Chime Financial has a consensus rating of “Moderate Buy” and a consensus 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.