Adam Frankel Sells 3,000 Shares of Chime Financial (NASDAQ:CHYM) Stock

Chime Financial, Inc. (NASDAQ:CHYM) General Counsel Adam Frankel sold 3,000 shares of the company’s stock in a transaction dated Monday, June 15th. The shares were 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 approximately $5,316,412.50. The trade was a 0.98% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Chime Financial Price Performance

Shares of Chime Financial stock traded down $0.59 on Tuesday, hitting $17.05. 3,826,734 shares of the company’s stock traded hands, compared to its average volume of 4,262,830. The company has a market capitalization of $6.50 billion and a price-to-earnings ratio of -2.29. The company has a fifty day moving average of $19.52 and a two-hundred day moving average of $21.89. Chime Financial, Inc. has a one year low of $15.88 and a one year high of $38.67.

Chime Financial (NASDAQ:CHYM) last released its quarterly earnings data on Wednesday, May 6th. The company reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.10. The company had revenue of $647.39 million for the quarter. Chime Financial had a negative net margin of 41.87% and a negative return on equity of 67.86%. Chime Financial’s revenue was up 24.8% on a year-over-year basis. Equities research analysts anticipate that Chime Financial, Inc. will post 0.3 earnings per share for the current year.

Hedge Funds Weigh In On Chime Financial

Several large investors have recently added to or reduced their stakes in CHYM. Lunate Capital Ltd purchased a new stake in Chime Financial in the 3rd quarter valued at about $36,503,000. Davis Selected Advisers purchased a new stake in Chime Financial in the 3rd quarter valued at about $48,391,000. Farther Finance Advisors LLC increased its stake in Chime Financial by 2,794.6% in the 4th quarter. Farther Finance Advisors LLC now owns 72,366 shares of the company’s stock valued at $1,821,000 after buying an additional 69,866 shares during the last quarter. Transcend Capital Advisors LLC purchased a new stake in Chime Financial in the 4th quarter valued at about $1,286,000. Finally, Baxter Bros Inc. purchased a new stake in shares of Chime Financial during the 4th quarter worth approximately $2,799,000.

Analyst Ratings Changes

CHYM has been the topic of a number of research analyst reports. UBS Group increased their price objective on shares of Chime Financial from $24.00 to $27.00 and gave the stock a “neutral” rating in a research report on Thursday, February 26th. Wall Street Zen raised shares of Chime Financial from a “hold” rating to a “buy” rating in a research report on Sunday, April 12th. BMO Capital Markets initiated coverage on shares of Chime Financial in a research report on Wednesday, April 22nd. They set an “outperform” rating and a $30.00 price objective on the stock. KeyCorp initiated coverage on shares of Chime Financial in a research report on Wednesday, March 4th. They set an “overweight” rating and a $30.00 price objective on the stock. Finally, Wells Fargo & Company increased their price objective 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. Four investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Chime Financial presently has a consensus rating of “Moderate Buy” and an average target price of $31.65.

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.