Chime Financial (NASDAQ:CHYM) Insider Ryan King Sells 63,382 Shares of Stock

Chime Financial, Inc. (NASDAQ:CHYM) insider Ryan King sold 63,382 shares of the firm’s stock in a transaction on Thursday, November 5th. The shares were sold at an average price of $31.32, for a total value of $1,985,124.24. Following the sale, the insider directly owned 37,812 shares in the company, valued at approximately $1,184,271.84. This trade represents a 62.63% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Chime Financial Trading Up 3.8%

NASDAQ CHYM opened at $31.33 on Friday. The firm has a market capitalization of $11.86 billion, a P/E ratio of 164.90 and a beta of 0.74. Chime Financial, Inc. has a 12 month low of $15.88 and a 12 month high of $35.55. The business has a fifty day simple moving average of $29.94 and a 200 day simple moving average of $23.90.

Chime Financial (NASDAQ:CHYM) last issued its earnings results on Wednesday, November 4th. The company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.02. Chime Financial had a negative net margin of 0.74% and a negative return on equity of 1.28%. The company had revenue of $718.00 million for the quarter. During the same quarter in the previous year, the business earned ($0.15) EPS. Chime Financial’s revenue for the quarter was up 32.1% compared to the same quarter last year. As a group, sell-side analysts predict that Chime Financial, Inc. will post 0.47 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently commented on CHYM shares. Zacks Research raised Chime Financial from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 18th. Monness Crespi & Hardt assumed coverage on shares of Chime Financial in a research report on Monday, October 26th. They issued a “neutral” rating for the company. BMO Capital Markets upped their price target on Chime Financial from $28.00 to $32.00 and gave the company an “outperform” rating in a research report on Thursday, August 6th. Canaccord Genuity Group upped their price target on Chime Financial from $45.00 to $50.00 and gave the stock a “buy” rating in a report on Wednesday, September 9th. Finally, Wolfe Research increased their price objective on Chime Financial from $32.00 to $38.00 and gave the company an “outperform” rating in a research report on Tuesday, August 25th. Three equities research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $39.47.

Chime Financial News Roundup

Here are the key news stories impacting Chime Financial this week:

• Positive Sentiment: Chime reported Q3 revenue growth of 32% year over year and earnings that beat analysts’ expectations. The quarter marked its third consecutive GAAP profit, with lending cited as a key growth driver. Q3 earnings results
• Positive Sentiment: Management forecast Q4 revenue of $757 million to $767 million, indicating continued growth. Q4 forecast and Stride deal update
• Positive Sentiment: Several firms raised their targets: Goldman Sachs to $43 and kept a Buy rating; JPMorgan to $40 with an Overweight rating; and Scotiabank to $44 with a Sector Outperform rating. Goldman Sachs rating JPMorgan rating Scotiabank rating
• Positive Sentiment: UBS also raised its target, from $31 to $34, though it maintained a Neutral rating. UBS rating
• Neutral Sentiment: Chime expects its Stride transaction to close in the first half of 2027; the deal adds a future milestone, but its completion remains ahead. Stride transaction update

Institutional Trading of Chime Financial

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Diversified Trust Co increased its position in Chime Financial by 80.5% during the 3rd quarter. Diversified Trust Co now owns 36,103 shares of the company’s stock valued at $962,000 after buying an additional 16,103 shares in the last quarter. Russell Investments Group Ltd. raised its position in Chime Financial by 48.6% in the 3rd quarter. Russell Investments Group Ltd. now owns 761,436 shares of the company’s stock valued at $20,285,000 after purchasing an additional 248,925 shares in the last quarter. Fifth Third Bancorp lifted its stake in Chime Financial by 129.6% during the third quarter. Fifth Third Bancorp now owns 80,077 shares of the company’s stock worth $2,133,000 after purchasing an additional 45,194 shares during the last quarter. Jefferies Financial Group Inc. boosted its stake in Chime Financial by 1,355.0% during the 3rd quarter. Jefferies Financial Group Inc. now owns 655,280 shares of the company’s stock worth $17,457,000 after purchasing an additional 610,244 shares during the period. Finally, Machina Capital S.A.S. acquired a new position in Chime Financial during the 3rd quarter worth approximately $816,000.

About Chime Financial

Chime Financial, Inc is a financial technology company that provides digital banking services through its Chime platform. The company offers consumer-focused spending, saving and credit products designed to be accessed primarily through mobile applications rather than traditional branch locations.

Chime’s products include spending accounts with debit cards, savings accounts, direct-deposit services, early access to qualifying paychecks, fee-free overdraft protection through SpotMe, and credit-building products.