Chime Financial (NASDAQ:CHYM) CFO Sells $280,100.00 in Stock

Chime Financial, Inc. (NASDAQ:CHYM) CFO Matthew Newcomb sold 10,000 shares of the stock in a transaction that occurred on Friday, January 9th. The stock was sold at an average price of $28.01, for a total transaction of $280,100.00. Following the sale, the chief financial officer directly owned 2,240,798 shares of the company’s stock, valued at approximately $62,764,751.98. This trade represents a 0.44% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Chime Financial Stock Performance

NASDAQ CHYM opened at $25.84 on Friday. The firm has a market capitalization of $9.68 billion and a price-to-earnings ratio of -3.47. Chime Financial, Inc. has a one year low of $16.17 and a one year high of $44.94. The company’s 50 day moving average price is $23.76 and its 200 day moving average price is $25.08.

Chime Financial (NASDAQ:CHYM) last released its quarterly earnings data on Wednesday, November 5th. The company reported ($0.15) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.25) by $0.10. The business had revenue of $543.52 million during the quarter. During the same period in the prior year, the firm earned ($0.34) earnings per share. The firm’s quarterly revenue was up 28.8% on a year-over-year basis.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. William Blair restated an “outperform” rating on shares of Chime Financial in a research note on Tuesday, September 30th. Williams Trading set a $17.00 target price on Chime Financial in a report on Monday, November 3rd. Weiss Ratings reissued a “sell (d-)” rating on shares of Chime Financial in a research report on Wednesday, October 8th. The Goldman Sachs Group increased their price objective on shares of Chime Financial from $27.00 to $30.00 and gave the company a “buy” rating in a research report on Tuesday, January 6th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Chime Financial from $40.00 to $34.00 and set an “overweight” rating on the stock in a research note on Thursday, November 6th. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $32.44.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. EverSource Wealth Advisors LLC acquired a new stake in Chime Financial during the 2nd quarter valued at approximately $33,000. Scopus Asset Management L.P. purchased a new position in shares of Chime Financial during the 2nd quarter valued at approximately $34,000. Daiwa Securities Group Inc. acquired a new stake in shares of Chime Financial during the second quarter worth approximately $40,000. Osaic Holdings Inc. bought a new stake in shares of Chime Financial in the second quarter worth $45,000. Finally, Farther Finance Advisors LLC bought a new stake in shares of Chime Financial in the third quarter worth $50,000.

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.