Y Intercept Hong Kong Ltd purchased a new stake in Chime Financial, Inc. (NASDAQ:CHYM – Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 162,780 shares of the company’s stock, valued at approximately $3,049,000.
A number of other hedge funds also recently modified their holdings of CHYM. EverSource Wealth Advisors LLC bought a new stake in shares of Chime Financial in the second quarter worth $33,000. Scopus Asset Management L.P. acquired a new position in Chime Financial during the 2nd quarter worth about $34,000. PNC Financial Services Group Inc. bought a new stake in shares of Chime Financial in the 4th quarter valued at about $25,000. Daiwa Securities Group Inc. bought a new stake in shares of Chime Financial in the 2nd quarter valued at about $40,000. Finally, Osaic Holdings Inc. acquired a new stake in shares of Chime Financial in the second quarter valued at about $45,000.
Chime Financial Trading Down 1.8%
Shares of NASDAQ:CHYM traded down $0.38 during mid-day trading on Tuesday, hitting $21.07. 1,212,203 shares of the company traded hands, compared to its average volume of 4,547,583. The stock has a 50-day moving average price of $18.68 and a two-hundred day moving average price of $21.40. Chime Financial, Inc. has a 12-month low of $15.88 and a 12-month high of $38.67. The stock has a market cap of $8.03 billion and a P/E ratio of -2.83.
Analyst Ratings Changes
A number of equities analysts recently commented on CHYM shares. Wells Fargo & Company lifted their price objective on Chime Financial from $25.00 to $28.00 and gave the stock an “overweight” rating in a research note on Thursday, May 7th. Compass Point upgraded shares of Chime Financial from a “neutral” rating to a “buy” rating and lowered their price target for the stock from $33.00 to $27.00 in a report on Monday, April 13th. Canaccord Genuity Group restated a “buy” rating and issued a $40.00 price target on shares of Chime Financial in a research report on Monday, May 11th. Texas Capital raised shares of Chime Financial to a “strong-buy” rating in a research note on Tuesday, April 14th. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of Chime Financial in a research report on Wednesday, June 3rd. Four research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Chime Financial has an average rating of “Moderate Buy” and an average target price of $29.88.
Get Our Latest Stock Analysis on CHYM
Insider Activity
In other news, General Counsel Adam B. Frankel sold 3,000 shares of the firm’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 transaction, the general counsel directly owned 303,795 shares in the company, valued at approximately $5,316,412.50. This trade represents a 0.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 12.30% of the company’s stock.
Chime Financial Profile
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.
Further Reading
- Five stocks we like better than Chime Financial
- AI Insider Activity: Are Sales Across 3 Key Stocks Noteworthy or Just Noise?
- 3 Quiet AI Revenue Accelerators With Sales Growth Outpacing Peers
- Top 135 Best Locally Owned BBQ Supply Stores in the U.S., According to Survey [2026]
- Silicon Starvation: Amazon Feasts on Legacy GPUs
Receive News & Ratings for Chime Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chime Financial and related companies with MarketBeat.com's FREE daily email newsletter.
