Chime Financial (NASDAQ:CHYM) Director James Feuille Sells 95,400 Shares

Chime Financial, Inc. (NASDAQ:CHYM) Director James Feuille sold 95,400 shares of Chime Financial stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $34.09, for a total value of $3,252,186.00. Following the transaction, the director owned 6,751,507 shares in the company, valued at approximately $230,158,873.63. This represents a 1.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

James Feuille also recently made the following trade(s):

• On Wednesday, September 16th, James Feuille sold 256,837 shares of Chime Financial stock. The stock was sold at an average price of $32.33, for a total value of $8,303,540.21.
• On Friday, September 11th, James Feuille sold 258,398 shares of Chime Financial stock. The stock was sold at an average price of $32.94, for a total value of $8,511,630.12.
• On Thursday, September 10th, James Feuille sold 93,492 shares of Chime Financial stock. The shares were sold at an average price of $33.15, for a total value of $3,099,259.80.

Chime Financial Stock Performance

Shares of CHYM opened at $31.25 on Thursday. The stock has a 50 day simple moving average of $28.44 and a 200 day simple moving average of $22.76. Chime Financial, Inc. has a 52-week low of $15.88 and a 52-week high of $35.55. The firm has a market capitalization of $11.83 billion, a PE ratio of -446.36 and a beta of 0.60.

Chime Financial (NASDAQ:CHYM) last announced its earnings results on Wednesday, August 5th. The company reported $0.07 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.08. Chime Financial had a negative net margin of 0.74% and a negative return on equity of 1.28%. The firm had revenue of $669.77 million for the quarter. During the same quarter last year, the business posted ($7.29) earnings per share. The business’s quarterly revenue was up 26.8% on a year-over-year basis. Equities research analysts predict that Chime Financial, Inc. will post 0.44 EPS for the current fiscal year.

Trending Headlines about Chime Financial

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

• Positive Sentiment: Analysts remain bullish: Goldman Sachs raised its price target to $37 and maintained a “Buy” rating. B. Riley lifted its target to $44, while Rothschild & Co Redburn upgraded CHYM to “Buy” with a $46 target. These calls indicate continued confidence in Chime’s growth outlook. B. Riley raises Chime price target Rothschild upgrades Chime
• Positive Sentiment: Bank acquisition offers strategic upside: Chime agreed to acquire Central Service Corporation, the parent of Stride Bank, for $590 million in cash. Pending regulatory approvals, the transaction would allow Stride to become Chime Bank, N.A., giving Chime greater control over its banking infrastructure and potentially improving long-term economics. Chime bank acquisition analysis
• Positive Sentiment: Operating momentum remains favorable: Chime’s latest results showed revenue growth of 26.8% year over year, 10.4 million active members and a second consecutive quarter of GAAP profitability. The company also raised its full-year outlook.
• Neutral Sentiment: New York expansion: Chime opened a new office in New York, supporting its corporate and hiring footprint, although the announcement is unlikely to materially change near-term earnings expectations. Chime opens New York office
• Negative Sentiment: Heavy insider selling is a sentiment headwind: General Counsel Adam Frankel sold 102,002 shares for about $3.4 million, and Director James Feuille sold 352,237 shares worth roughly $11.6 million across two transactions. A major shareholder also sold 207,513 shares for approximately $6.9 million. Recent disclosures show numerous insider sales and no reported open-market purchases over the past six months. Some transactions were conducted under pre-arranged Rule 10b5-1 plans, but the volume may still reinforce profit-taking concerns. SEC insider sale filing
• Negative Sentiment: Acquisition risks are being reassessed: Investors are weighing regulatory approval, integration costs and capital requirements associated with the Stride transaction. After the recent run-up, these uncertainties have contributed to increased volatility and pressure on CHYM.

Institutional Trading of Chime Financial

Hedge funds and other institutional investors have recently made changes to their positions in the business. Engineers Gate Manager LP acquired a new position in Chime Financial during the second quarter worth $1,810,000. Arizona State Retirement System bought a new position in Chime Financial in the second quarter valued at $692,000. Light Street Capital Management LLC increased its stake in Chime Financial by 5.8% in the 2nd quarter. Light Street Capital Management LLC now owns 2,199,089 shares of the company’s stock valued at $45,037,000 after buying an additional 121,474 shares during the last quarter. Allianz Asset Management GmbH acquired a new stake in Chime Financial in the 2nd quarter valued at $7,828,000. Finally, Comprehensive Financial Management LLC lifted its position in Chime Financial by 2.4% during the 2nd quarter. Comprehensive Financial Management LLC now owns 565,976 shares of the company’s stock worth $11,591,000 after buying an additional 13,225 shares in the last quarter.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Rothschild & Co Redburn raised shares of Chime Financial from a “hold” rating to a “buy” rating and set a $46.00 price objective on the stock in a research report on Monday. Freedom Capital upgraded Chime Financial to a “strong-buy” rating in a report on Thursday, July 23rd. Canaccord Genuity Group lifted their price target on Chime Financial from $45.00 to $50.00 and gave the company a “buy” rating in a research note on Wednesday, September 9th. Loop Capital began coverage on Chime Financial in a research note on Wednesday, September 9th. They issued a “buy” rating and a $45.00 price target on the stock. Finally, Wall Street Zen upgraded Chime Financial from a “hold” rating to a “buy” rating in a report on Saturday, July 25th. Four analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $36.40.

About Chime Financial

Chime Financial, Inc is a financial technology company that operates a digital banking platform in the United States. Chime provides consumer-focused banking services through its mobile application and website, offering checking and savings accounts, debit cards, direct-deposit services and tools designed to help customers manage their everyday finances. Chime is not a traditional bank; its banking services are provided through partner financial institutions.

The company’s products include a Visa debit card, fee-free overdraft protection through SpotMe for eligible members, early access to qualifying direct deposits, savings features and credit-building products.