Chime Financial (NASDAQ:CHYM) General Counsel Sells $52,500.00 in Stock

Chime Financial, Inc. (NASDAQ:CHYMGet Free Report) General Counsel Adam Frankel sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $17.50, for a total value of $52,500.00. Following the completion of the sale, the general counsel owned 303,795 shares in the company, valued at approximately $5,316,412.50. This represents a 0.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Chime Financial Price Performance

CHYM stock opened at $17.60 on Friday. Chime Financial, Inc. has a fifty-two week low of $15.88 and a fifty-two week high of $38.67. The stock has a market capitalization of $6.71 billion and a price-to-earnings ratio of -2.37. The business has a fifty day moving average price of $19.39 and a 200 day moving average price of $21.82.

Chime Financial (NASDAQ:CHYMGet Free Report) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.10. Chime Financial had a negative net margin of 41.87% and a negative return on equity of 67.86%. The firm had revenue of $647.39 million during the quarter. The business’s revenue was up 24.8% on a year-over-year basis. On average, equities analysts expect that Chime Financial, Inc. will post 0.3 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Chime Financial

A number of institutional investors and hedge funds have recently modified their holdings of the company. Tiger Global Management LLC grew its holdings in Chime Financial by 13.8% during the fourth quarter. Tiger Global Management LLC now owns 14,192,499 shares of the company’s stock worth $357,225,000 after purchasing an additional 1,721,731 shares during the period. Aspect Management LLC bought a new stake in Chime Financial in the fourth quarter valued at approximately $300,361,000. Capital Research Global Investors lifted its position in shares of Chime Financial by 90.0% in the third quarter. Capital Research Global Investors now owns 6,878,057 shares of the company’s stock valued at $138,730,000 after buying an additional 3,258,179 shares during the last quarter. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Chime Financial in the fourth quarter valued at approximately $129,091,000. Finally, Orland Properties Ltd bought a new position in shares of Chime Financial during the 2nd quarter worth approximately $159,093,000.

Analyst Upgrades and Downgrades

Several brokerages recently commented on CHYM. UBS Group raised their price objective on Chime Financial from $24.00 to $27.00 and gave the stock a “neutral” rating in a research note on Thursday, February 26th. Weiss Ratings restated a “sell (e+)” rating on shares of Chime Financial in a research note on Wednesday, June 3rd. Canaccord Genuity Group restated a “buy” rating and set a $40.00 price objective on shares of Chime Financial in a research note on Monday, May 11th. Wells Fargo & Company increased their price objective on Chime Financial from $25.00 to $28.00 and gave the company an “overweight” rating in a report on Thursday, May 7th. Finally, Compass Point raised shares of Chime Financial from a “neutral” rating to a “buy” rating and decreased their target price for the company from $33.00 to $27.00 in a research note on Monday, April 13th. Four investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $31.65.

View Our Latest Report on CHYM

About Chime Financial

(Get Free Report)

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.

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