Federated Hermes Inc. Buys 86,593 Shares of Chime Financial, Inc. $CHYM

Federated Hermes Inc. lifted its stake in shares of Chime Financial, Inc. (NASDAQ:CHYM) by 11.1% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 863,700 shares of the company’s stock after acquiring an additional 86,593 shares during the period. Federated Hermes Inc.’s holdings in Chime Financial were worth $17,421,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. EverSource Wealth Advisors LLC acquired a new stake in Chime Financial in the 2nd quarter worth approximately $33,000. Scopus Asset Management L.P. acquired a new stake in shares of Chime Financial in the second quarter worth $34,000. Daiwa Securities Group Inc. bought a new stake in shares of Chime Financial during the 2nd quarter worth $40,000. Osaic Holdings Inc. acquired a new position in Chime Financial in the 2nd quarter valued at $45,000. Finally, Farther Finance Advisors LLC acquired a new position in Chime Financial in the 3rd quarter valued at $50,000.

Insider Buying and Selling at Chime Financial

In other news, General Counsel Adam B. Frankel sold 6,760 shares of the firm’s stock in a transaction dated Monday, December 8th. The shares were sold at an average price of $23.84, for a total transaction of $161,158.40. Following the completion of the transaction, the general counsel directly owned 244,416 shares of the company’s stock, valued at approximately $5,826,877.44. This trade represents a 2.69% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James Feuille sold 176,168 shares of Chime Financial stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $27.12, for a total transaction of $4,777,676.16. Following the sale, the director owned 7,044,936 shares in the company, valued at approximately $191,058,664.32. This trade represents a 2.44% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 256,539 shares of company stock worth $6,973,943.

Chime Financial Trading Up 2.2%

Shares of NASDAQ:CHYM opened at $25.42 on Friday. The firm has a market capitalization of $9.52 billion and a PE ratio of -3.42. Chime Financial, Inc. has a 1-year low of $16.17 and a 1-year high of $44.94. The business’s 50 day moving average is $25.27 and its 200-day moving average is $24.65.

Chime Financial (NASDAQ:CHYM) last issued its earnings results on Wednesday, November 5th. The company reported ($0.15) EPS for the quarter, beating analysts’ consensus estimates of ($0.25) by $0.10. The firm had revenue of $543.52 million during the quarter. During the same period last year, the firm earned ($0.34) EPS. The company’s quarterly revenue was up 28.8% compared to the same quarter last year.

Analysts Set New Price Targets

A number of research analysts have weighed in on CHYM shares. Williams Trading set a $17.00 target price on shares of Chime Financial in a research report on Monday, November 3rd. UBS Group dropped their price objective on Chime Financial from $37.00 to $24.00 and set a “neutral” rating on the stock in a research note on Thursday, November 6th. B. Riley began coverage on Chime Financial in a research report on Thursday, December 11th. They set a “buy” rating and a $35.00 price objective for the company. Jefferies Financial Group began coverage on Chime Financial in a report on Monday, November 3rd. They issued a “hold” rating and a $17.00 target price on the stock. Finally, JPMorgan Chase & Co. dropped their price target on Chime Financial from $40.00 to $34.00 and set an “overweight” rating on the stock in a research report on Thursday, November 6th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $32.24.

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.