Money Concepts Capital Corp Acquires 30,811 Shares of Chime Financial, Inc. $CHYM

Money Concepts Capital Corp grew its holdings in shares of Chime Financial, Inc. (NASDAQ:CHYM) by 77.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 70,831 shares of the company’s stock after acquiring an additional 30,811 shares during the quarter. Money Concepts Capital Corp’s holdings in Chime Financial were worth $1,783,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of CHYM. Ashton Thomas Private Wealth LLC bought a new stake in shares of Chime Financial during the 4th quarter valued at about $129,091,000. Orland Properties Ltd bought a new stake in shares of Chime Financial during the 2nd quarter valued at about $159,093,000. Scge Management L.P. bought a new stake in shares of Chime Financial during the 2nd quarter valued at about $152,563,000. Capital Research Global Investors boosted its position in shares of Chime Financial by 90.0% during the 3rd quarter. Capital Research Global Investors now owns 6,878,057 shares of the company’s stock valued at $138,730,000 after acquiring an additional 3,258,179 shares during the last quarter. Finally, Davis Selected Advisers bought a new stake in shares of Chime Financial during the 3rd quarter valued at about $48,391,000.

Chime Financial Price Performance

NASDAQ:CHYM opened at $18.10 on Wednesday. The business has a 50 day moving average of $20.74 and a 200 day moving average of $22.08. The company has a market capitalization of $6.95 billion and a price-to-earnings ratio of -2.44. Chime Financial, Inc. has a 1-year low of $16.17 and a 1-year high of $44.94.

Chime Financial (NASDAQ:CHYM) last released its earnings results on Wednesday, May 6th. The company reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.10. Chime Financial had a negative return on equity of 67.86% and a negative net margin of 41.87%.The company had revenue of $647.39 million during the quarter. The business’s revenue for the quarter was up 24.8% on a year-over-year basis. As a group, sell-side analysts anticipate that Chime Financial, Inc. will post 0.23 EPS for the current year.

Analyst Upgrades and Downgrades

CHYM has been the subject of a number of research analyst reports. KeyCorp initiated coverage on Chime Financial in a research report on Wednesday, March 4th. They set an “overweight” rating and a $30.00 price target for the company. Rothschild & Co Redburn upgraded Chime Financial to a “hold” rating in a research report on Monday, January 26th. Canaccord Genuity Group restated a “buy” rating and issued a $40.00 target price on shares of Chime Financial in a research report on Monday. Keefe, Bruyette & Woods upgraded Chime Financial from a “moderate buy” rating to a “strong-buy” rating in a research report on Thursday, February 26th. Finally, Compass Point upgraded Chime Financial from a “neutral” rating to a “buy” rating and dropped their target price for the stock from $33.00 to $27.00 in a research report on Monday, April 13th. Four equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $31.65.

About Chime Financial

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.