Stock Traders Buy High Volume of Chime Financial Call Options (NASDAQ:CHYM)

Chime Financial, Inc. (NASDAQ:CHYM) saw some unusual options trading on Monday. Investors bought 5,312 call options on the stock. This is an increase of approximately 83% compared to the typical daily volume of 2,900 call options.

Insider Buying and Selling

In other Chime Financial news, General Counsel Adam B. Frankel sold 3,000 shares of the stock in a transaction on Monday, June 15th. The stock was sold at an average price of $17.50, for a total value of $52,500.00. Following the sale, the general counsel owned 303,795 shares in the company, valued at $5,316,412.50. This trade represents a 0.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 12.30% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Handelsbanken Fonder AB bought a new stake in shares of Chime Financial in the 2nd quarter valued at about $1,358,000. Affinity Capital Advisors LLC purchased a new stake in shares of Chime Financial in the 2nd quarter worth approximately $325,000. AMS Capital Ltda bought a new position in shares of Chime Financial during the first quarter valued at approximately $3,439,000. NewEdge Advisors LLC boosted its stake in shares of Chime Financial by 61.8% during the first quarter. NewEdge Advisors LLC now owns 28,780 shares of the company’s stock valued at $539,000 after purchasing an additional 10,997 shares in the last quarter. Finally, CTC Alternative Strategies Ltd. purchased a new position in Chime Financial during the first quarter valued at approximately $798,000.

Chime Financial Trading Up 3.8%

Shares of CHYM traded up $0.87 during midday trading on Monday, reaching $23.86. 705,706 shares of the stock were exchanged, compared to its average volume of 4,610,624. Chime Financial has a 52 week low of $15.88 and a 52 week high of $34.54. The company’s 50 day moving average is $19.60 and its two-hundred day moving average is $20.76. The company has a market capitalization of $9.09 billion, a P/E ratio of -3.22 and a beta of 0.30.

Chime Financial (NASDAQ:CHYM) last released its quarterly earnings data on Wednesday, May 6th. The company reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.10. The firm had revenue of $647.39 million during the quarter. Chime Financial had a negative return on equity of 67.86% and a negative net margin of 41.87%.The business’s quarterly revenue was up 24.8% compared to the same quarter last year. On average, sell-side analysts expect that Chime Financial will post 0.3 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on CHYM. Canaccord Genuity Group restated a “buy” rating and issued a $40.00 price target on shares of Chime Financial in a report on Friday. Freedom Capital upgraded shares of Chime Financial to a “strong-buy” rating in a report on Thursday, July 23rd. Weiss Ratings reissued a “sell (e+)” rating on shares of Chime Financial in a research report on Wednesday, June 3rd. BMO Capital Markets dropped their target price on shares of Chime Financial from $30.00 to $28.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 22nd. Finally, Wells Fargo & Company raised their target price on shares of Chime Financial from $25.00 to $28.00 and gave the stock an “overweight” rating in a research report on Thursday, May 7th. Five analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $29.19.

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.