1,869,880 Shares in Chime Financial, Inc. $CHYM Purchased by Owls Nest Partners IA LLC

Owls Nest Partners IA LLC acquired a new position in shares of Chime Financial, Inc. (NASDAQ:CHYM) in the 4th quarter, Holdings Channel reports. The fund acquired 1,869,880 shares of the company’s stock, valued at approximately $47,065,000. Chime Financial accounts for about 13.0% of Owls Nest Partners IA LLC’s portfolio, making the stock its 4th biggest holding.

Several other large investors have also made changes to their positions in CHYM. PNC Financial Services Group Inc. acquired a new position in Chime Financial in the 4th quarter valued at approximately $25,000. EverSource Wealth Advisors LLC acquired a new position in shares of Chime Financial in the 2nd quarter worth approximately $33,000. Scopus Asset Management L.P. acquired a new position in shares of Chime Financial in the 2nd quarter worth approximately $34,000. Caitong International Asset Management Co. Ltd grew its position in Chime Financial by 686.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,462 shares of the company’s stock worth $37,000 after acquiring an additional 1,276 shares during the last quarter. Finally, Daiwa Securities Group Inc. bought a new stake in Chime Financial during the 2nd quarter worth approximately $40,000.

Chime Financial Price Performance

Shares of Chime Financial stock opened at $16.70 on Monday. Chime Financial, Inc. has a twelve month low of $15.88 and a twelve month high of $38.67. The stock has a market cap of $6.36 billion and a price-to-earnings ratio of -2.25. The company’s fifty day moving average is $19.55 and its 200 day moving average is $21.91.

Chime Financial (NASDAQ:CHYM) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.10. The company had revenue of $647.39 million during the quarter. Chime Financial had a negative net margin of 41.87% and a negative return on equity of 67.86%. The company’s revenue was up 24.8% compared to the same quarter last year. As a group, equities analysts anticipate that Chime Financial, Inc. will post 0.3 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

CHYM has been the topic of a number of recent research reports. Canaccord Genuity Group reiterated a “buy” rating and issued a $40.00 price objective on shares of Chime Financial in a research report on Monday, May 11th. Compass Point raised Chime Financial from a “neutral” rating to a “buy” rating and dropped their price objective for the stock from $33.00 to $27.00 in a research note on Monday, April 13th. Wall Street Zen upgraded Chime Financial from a “hold” rating to a “buy” rating in a report on Sunday, April 12th. KeyCorp assumed coverage on Chime Financial in a report on Wednesday, March 4th. They set an “overweight” rating and a $30.00 price target for the company. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Chime Financial in a research report on Wednesday, June 3rd. Four research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $31.65.

Insider Buying and Selling

In other Chime Financial news, General Counsel Adam B. Frankel sold 3,000 shares of the company’s stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $18.00, for a total transaction of $54,000.00. Following the sale, the general counsel owned 306,795 shares of the company’s stock, valued at approximately $5,522,310. This represents a 0.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 12.30% of the company’s stock.

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.