Chime Financial, Inc. (NASDAQ:CHYM – Get Free Report) insider Ryan King sold 42,421 shares of the firm’s stock in a transaction dated Wednesday, September 9th. The shares were sold at an average price of $35.15, for a total transaction of $1,491,098.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Chime Financial Trading Down 5.4%
CHYM stock opened at $32.67 on Friday. The company’s 50-day moving average price is $27.49 and its 200 day moving average price is $22.43. Chime Financial, Inc. has a 52 week low of $15.88 and a 52 week high of $35.55. The company has a market cap of $12.37 billion, a P/E ratio of -466.65 and a beta of 0.60.
Chime Financial (NASDAQ:CHYM – Get Free Report) last issued its earnings results on Wednesday, August 5th. The company reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.08. Chime Financial had a negative net margin of 0.74% and a negative return on equity of 1.28%. The company had revenue of $669.77 million during the quarter. During the same period last year, the business posted ($7.29) earnings per share. The company’s quarterly revenue was up 26.8% on a year-over-year basis. On average, equities research analysts expect that Chime Financial, Inc. will post 0.44 earnings per share for the current year.
Key Chime Financial News
- Positive Sentiment: Chime agreed to acquire Stride Bank for approximately $590 million in cash. Bringing its longtime banking partner in-house could eliminate partner fees, lower 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 to approximately $705 million of third-quarter 2026 revenue and $117 million-$120 million of adjusted EBITDA. Full-year revenue guidance increased to $2.76 billion-$2.77 billion, while adjusted EBITDA guidance rose to $481 million-$489 million. Chime guidance report
- Positive Sentiment: Analyst sentiment improved following the deal. Canaccord raised its target to $50, Loop Capital initiated coverage with a Buy rating and $45 target, and Barclays, KeyCorp, Morgan Stanley, Piper Sandler and Scotiabank also raised their targets.
- Neutral Sentiment: The acquisition remains subject to review by the Office of the Comptroller of the Currency and the Federal Reserve. Investors will watch approval timing, integration costs and whether Chime can keep the bank below the $10 billion asset threshold to preserve favorable debit-card interchange economics.
- Neutral Sentiment: Reported short interest was zero shares, offering no meaningful evidence of bearish positioning. The figure may reflect incomplete or anomalous data rather than a substantive change in investor sentiment.
- Negative Sentiment: Valuation has become a concern after an approximately 86% three-month rally and a move near the stock’s 52-week high. UBS raised its target to $31 but retained a Neutral rating, below the referenced trading level, suggesting limited upside at the current valuation.
- Negative Sentiment: Insiders reported additional selling. Director Ryan King sold 42,421 shares for about $1.49 million, while Chief Accounting Officer Amine Asmerom sold 19,505 shares worth approximately $642,000. Both transactions were executed under pre-arranged Rule 10b5-1 plans, reducing their value as discretionary bearish signals, but they may still encourage profit-taking.
Analyst Ratings Changes
Several equities analysts recently issued reports on CHYM shares. Scotiabank lifted their price objective on Chime Financial from $40.00 to $42.00 and gave the stock a “sector outperform” rating in a report on Wednesday. Barclays upped their target price on Chime Financial from $33.00 to $40.00 and gave the company an “overweight” rating in a report on Wednesday. UBS Group raised their price target on Chime Financial from $28.00 to $31.00 and gave the company a “neutral” rating in a research report on Wednesday. Freedom Capital raised Chime Financial to a “strong-buy” rating in a research note on Thursday, July 23rd. Finally, BMO Capital Markets boosted their price objective on shares of Chime Financial from $28.00 to $32.00 and gave the stock an “outperform” rating in a research report on Thursday, August 6th. Four investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $35.00.
Get Our Latest Stock Report on CHYM
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of the stock. PNC Financial Services Group Inc. acquired a new stake in Chime Financial during the 4th quarter valued at $25,000. EverSource Wealth Advisors LLC acquired a new position in shares of Chime Financial in the second quarter worth $33,000. Scopus Asset Management L.P. purchased a new stake in shares of Chime Financial in the second quarter valued at $34,000. Caitong International Asset Management Co. Ltd lifted its position 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 valued at $37,000 after acquiring an additional 1,276 shares in the last quarter. Finally, Daiwa Securities Group Inc. purchased a new stake in shares of Chime Financial in the second quarter valued at $40,000.
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.
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