Chime Financial (NASDAQ:CHYM) General Counsel Adam Frankel Sells 500 Shares

Chime Financial, Inc. (NASDAQ:CHYM) General Counsel Adam Frankel sold 500 shares of the business’s stock in a transaction on Friday, January 9th. The shares were sold at an average price of $28.00, for a total transaction of $14,000.00. Following the completion of the sale, the general counsel directly owned 218,849 shares of the company’s stock, valued at approximately $6,127,772. This trade represents a 0.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Chime Financial Stock Performance

NASDAQ CHYM traded down $1.21 during trading hours on Tuesday, hitting $26.72. The company had a trading volume of 4,775,826 shares, compared to its average volume of 3,484,727. The business has a 50 day moving average of $23.30 and a 200-day moving average of $25.12. The company has a market cap of $10.01 billion and a PE ratio of -3.59. Chime Financial, Inc. has a 1-year low of $16.17 and a 1-year high of $44.94.

Chime Financial (NASDAQ:CHYM) last posted its earnings results on Wednesday, November 5th. The company reported ($0.15) EPS for the quarter, topping analysts’ consensus estimates of ($0.25) by $0.10. The firm had revenue of $543.52 million for the quarter. The business’s quarterly revenue was up 28.8% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.34) EPS.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. PFG Investments LLC acquired a new stake in Chime Financial in the second quarter valued at $350,000. Hennessy Advisors Inc. purchased a new position in shares of Chime Financial in the 2nd quarter valued at about $207,000. MADDEN SECURITIES Corp acquired a new stake in shares of Chime Financial in the second quarter valued at about $582,000. Board of Trustees of The Leland Stanford Junior University acquired a new stake in shares of Chime Financial in the second quarter valued at about $1,453,000. Finally, Jennison Associates LLC purchased a new stake in Chime Financial during the second quarter worth about $3,766,000.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. B. Riley began coverage on Chime Financial in a report on Thursday, December 11th. They set a “buy” rating and a $35.00 price target on the stock. Piper Sandler lowered their target price on Chime Financial from $35.00 to $30.00 and set an “overweight” rating on the stock in a research note on Thursday, November 6th. William Blair reissued an “outperform” rating on shares of Chime Financial in a report on Tuesday, September 30th. JPMorgan Chase & Co. reduced their target price on shares of Chime Financial from $40.00 to $34.00 and set an “overweight” rating for the company in a research note on Thursday, November 6th. Finally, Williams Trading set a $17.00 target price on shares of Chime Financial in a report on Monday, November 3rd. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $32.44.

Chime Financial Company 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.