Chime Financial (NASDAQ:CHYM) CAO Sells $642,494.70 in Stock

Chime Financial, Inc. (NASDAQ:CHYM) CAO Amine Asmerom sold 19,505 shares of the stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $32.94, for a total value of $642,494.70. Following the completion of the sale, the chief accounting officer directly owned 280,975 shares in the company, valued at $9,255,316.50. This represents a 6.49% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Amine Asmerom also recently made the following trade(s):

• On Thursday, August 6th, Amine Asmerom sold 10,000 shares of Chime Financial stock. The stock was sold at an average price of $30.00, for a total transaction of $300,000.00.
• On Tuesday, August 4th, Amine Asmerom sold 10,000 shares of Chime Financial stock. The shares were sold at an average price of $25.00, for a total transaction of $250,000.00.

Chime Financial Stock Up 6.9%

NASDAQ CHYM traded up $2.24 on Wednesday, hitting $34.55. 13,447,091 shares of the stock were exchanged, compared to its average volume of 5,331,342. Chime Financial, Inc. has a fifty-two week low of $15.88 and a fifty-two week high of $35.55. The company has a 50-day moving average price of $26.98 and a 200-day moving average price of $22.25. The company has a market cap of $13.08 billion, a PE ratio of -493.50 and a beta of 0.60.

Chime Financial (NASDAQ:CHYM) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.08. The business 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%. Chime Financial’s revenue for the quarter 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. As a group, equities research analysts predict that Chime Financial, Inc. will post 0.43 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 for $590 million in cash. Stride’s national bank charter would give Chime greater control over deposits, lending and product development; after closing, it is expected to operate as Chime Bank, N.A. Chime Announces Agreement to Acquire Stride Bank
• Positive Sentiment: The deal is expected to produce more than $100 million in net synergies and could improve Chime’s ability to expand its lending business by bringing key banking capabilities in-house. Chime to buy nationally chartered Stride Bank for $590 million
• Positive Sentiment: Chime raised its full-year 2026 revenue guidance to as much as $2.77 billion, reinforcing the bullish reaction to the acquisition. Chime to buy Stride and raise earnings guidance
• Positive Sentiment: Analysts raised targets following the announcement: Canaccord lifted its target to $50, while Barclays, KeyCorp, Morgan Stanley and Piper Sandler each moved to $40 with overweight or buy-equivalent ratings. Loop Capital initiated coverage with a buy rating and a $45 target, and Zacks included CHYM among its top momentum stocks.
• Neutral Sentiment: The stock has approached its 52-week high after a sharp rally, and Investor’s Business Daily noted that shares gave back some early gains, indicating that investors may be taking profits despite the favorable news. Chime wins price-target hikes on Stride deal and raised guidance
• Negative Sentiment: UBS raised its target only to $31 and maintained a neutral rating, implying downside from recent trading levels. Investors must also weigh the $590 million cash outlay, regulatory approval and execution risks.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on CHYM shares. KeyCorp raised their target price on Chime Financial from $33.00 to $40.00 and gave the stock an “overweight” rating in a research report on Wednesday. Scotiabank upped their price target on Chime Financial from $40.00 to $42.00 and gave the company a “sector outperform” rating in a report on Wednesday. UBS Group increased their price target on shares of Chime Financial from $28.00 to $31.00 and gave the company a “neutral” rating in a research note on Wednesday. Wells Fargo & Company upped their target price on shares of Chime Financial from $33.00 to $39.00 and gave the company an “overweight” rating in a report on Tuesday, August 25th. Finally, BMO Capital Markets increased their target price on shares of Chime Financial from $28.00 to $32.00 and gave the company an “outperform” rating in a research report on Thursday, August 6th. Four analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $35.00.

Institutional Investors Weigh In On Chime Financial

Large investors have recently modified their holdings of the stock. EverSource Wealth Advisors LLC purchased a new position in Chime Financial during the 2nd quarter worth $33,000. Scopus Asset Management L.P. purchased a new stake in shares of Chime Financial in the second quarter valued at about $34,000. PNC Financial Services Group Inc. acquired a new position in shares of Chime Financial during the fourth quarter worth about $25,000. Daiwa Securities Group Inc. acquired a new position in shares of Chime Financial during the second quarter worth about $40,000. Finally, Osaic Holdings Inc. purchased a new position in Chime Financial during the second quarter worth about $45,000.

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.