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

Chime Financial, Inc. (NASDAQ:CHYM) insider Ryan King sold 42,421 shares of Chime Financial stock in a transaction on Wednesday, September 9th. The stock was sold at an average price of $35.15, for a total transaction of $1,491,098.15. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Chime Financial Stock Down 5.4%

NASDAQ:CHYM traded down $1.88 during midday trading on Thursday, hitting $32.67. The company had a trading volume of 10,636,790 shares, compared to its average volume of 5,365,794. The company has a market capitalization of $12.37 billion, a PE ratio of -466.65 and a beta of 0.60. Chime Financial, Inc. has a 52-week low of $15.88 and a 52-week high of $35.55. The stock’s fifty day moving average price is $27.26 and its 200-day moving average price is $22.34.

Chime Financial (NASDAQ:CHYM) last released its quarterly earnings results 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. Chime Financial had a negative return on equity of 1.28% and a negative net margin of 0.74%.The business had revenue of $669.77 million for the quarter. During the same quarter in the previous year, the business earned ($7.29) EPS. The company’s revenue for the quarter was up 26.8% on a year-over-year basis. As a group, research analysts forecast that Chime Financial, Inc. will post 0.43 earnings per share for the current year.

Key Headlines Impacting Chime Financial

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

• Positive Sentiment: Chime agreed to acquire Stride Bank’s parent for approximately $590 million in cash. Owning its long-time banking partner could eliminate sponsor-bank fees, reduce funding costs, improve control over compliance and lending, and generate more than $100 million in annual savings. The transaction is expected to be immediately accretive to earnings after its anticipated first-half 2027 closing. Chime acquisition announcement
• Positive Sentiment: Management raised its outlook, forecasting third-quarter revenue of about $705 million and full-year 2026 revenue of $2.76 billion to $2.77 billion, with adjusted EBITDA guidance of $481 million to $489 million. Chime guidance report
• Positive Sentiment: Analyst sentiment improved following the deal and guidance increase. Canaccord raised its target to $50, while Loop Capital initiated coverage with a Buy rating and a $45 target. Barclays, KeyCorp, Morgan Stanley, Piper Sandler and Scotiabank also lifted their price targets.
• Neutral Sentiment: The acquisition remains subject to review by the OCC and Federal Reserve. Investors must also assess integration, bank-capital requirements and Chime’s plan to keep the bank below $10 billion in assets to preserve favorable debit-interchange economics.
• Neutral Sentiment: Reported short interest was zero shares, with a zero-day short-interest ratio; the figure provides no meaningful evidence of short-covering or increased bearish positioning and may reflect incomplete data.
• Negative Sentiment: After an approximately 86% three-month rally and a new 52-week high, valuation has become a concern. UBS raised its target to $31 but maintained a Neutral rating, suggesting the market may already reflect much of the deal’s near-term upside.
• Negative Sentiment: Chief Accounting Officer Amine Asmerom sold 19,505 shares worth about $642,495. The transaction occurred under a pre-arranged Rule 10b5-1 plan, limiting its bearish significance, but it still reduced his direct holdings by 6.49%. Insider sale report

Institutional Investors Weigh In On Chime Financial

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. AMS Capital Ltda bought a new position in Chime Financial during the 1st quarter worth approximately $3,439,000. Arrowstreet Capital Limited Partnership lifted its position in Chime Financial by 2,720.3% in the first quarter. Arrowstreet Capital Limited Partnership now owns 2,756,555 shares of the company’s stock valued at $51,630,000 after purchasing an additional 2,658,816 shares during the last quarter. Hsbc Holdings PLC bought a new stake in Chime Financial in the fourth quarter valued at approximately $1,274,000. Brown University boosted its stake in shares of Chime Financial by 99.0% during the first quarter. Brown University now owns 204,625 shares of the company’s stock valued at $3,833,000 after purchasing an additional 101,820 shares during the period. Finally, Bank of America Corp DE boosted its stake in shares of Chime Financial by 115.0% during the first quarter. Bank of America Corp DE now owns 319,579 shares of the company’s stock valued at $5,986,000 after purchasing an additional 170,941 shares during the period.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on CHYM. Wolfe Research boosted their target price on Chime Financial from $32.00 to $38.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 25th. B. Riley Financial increased their price target on shares of Chime Financial from $35.00 to $37.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Scotiabank lifted their price target on shares of Chime Financial from $40.00 to $42.00 and gave the stock a “sector outperform” rating in a research note on Wednesday. UBS Group boosted their price objective on shares of Chime Financial from $28.00 to $31.00 and gave the stock a “neutral” rating in a report on Wednesday. Finally, Loop Capital began coverage on shares of Chime Financial in a research note on Wednesday. They issued a “buy” rating and a $45.00 price objective for the company. Four investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Chime Financial presently has an average rating of “Moderate Buy” and an average target price of $35.00.

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.