Chime Financial, Inc. (NASDAQ:CHYM – Get Free Report) Director Cynthia Marshall sold 20,000 shares of the stock in a transaction dated Friday, September 11th. The stock was sold at an average price of $33.09, for a total value of $661,800.00. Following the transaction, the director owned 28,548 shares in the company, valued at $944,653.32. This trade represents a 41.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Chime Financial Trading Up 2.9%
CHYM traded up $0.97 during midday trading on Monday, hitting $33.97. The company’s stock had a trading volume of 9,851,801 shares, compared to its average volume of 5,410,995. The firm has a market cap of $12.86 billion, a P/E ratio of -485.22 and a beta of 0.60. The firm has a 50-day moving average price of $27.73 and a two-hundred day moving average price of $22.52. Chime Financial, Inc. has a 52-week low of $15.88 and a 52-week high of $35.55.
Chime Financial (NASDAQ:CHYM – Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.07 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $669.77 million for the quarter. During the same quarter in the previous year, the company earned ($7.29) earnings per share. The company’s revenue was up 26.8% on a year-over-year basis. On average, equities analysts expect that Chime Financial, Inc. will post 0.44 EPS for the current year.
Analyst Ratings Changes
Check Out Our Latest Research Report on CHYM
Hedge Funds Weigh In On Chime Financial
Several institutional investors have recently modified their holdings of the company. Engineers Gate Manager LP acquired a new stake in shares of Chime Financial in the 2nd quarter worth about $1,810,000. Arizona State Retirement System bought a new position in Chime Financial in the 2nd quarter worth about $692,000. Light Street Capital Management LLC grew its position in Chime Financial by 5.8% in the 2nd quarter. Light Street Capital Management LLC now owns 2,199,089 shares of the company’s stock worth $45,037,000 after purchasing an additional 121,474 shares during the last quarter. Allianz Asset Management GmbH acquired a new stake in shares of Chime Financial in the second quarter valued at approximately $7,828,000. Finally, California State Teachers Retirement System acquired a new stake in shares of Chime Financial in the second quarter valued at approximately $59,367,000.
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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