Blue Owl Capital Holdings LP Invests $1 Million in Chime Financial, Inc. $CHYM

Blue Owl Capital Holdings LP bought a new position in shares of Chime Financial, Inc. (NASDAQ:CHYM) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 39,886 shares of the company’s stock, valued at approximately $1,004,000.

Other institutional investors have also modified their holdings of the company. PNC Financial Services Group Inc. purchased a new position in shares of Chime Financial during the fourth quarter worth approximately $25,000. EverSource Wealth Advisors LLC purchased a new position in Chime Financial during the second quarter valued at approximately $33,000. Scopus Asset Management L.P. purchased a new position in Chime Financial during the second quarter valued at approximately $34,000. Daiwa Securities Group Inc. purchased a new position in Chime Financial during the second quarter valued at approximately $40,000. Finally, Osaic Holdings Inc. purchased a new position in Chime Financial during the second quarter valued at approximately $45,000.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on CHYM. Wall Street Zen raised shares of Chime Financial from a “hold” rating to a “buy” rating in a report on Sunday, April 12th. UBS Group lifted their price objective on shares of Chime Financial from $24.00 to $27.00 and gave the company a “neutral” rating in a report on Thursday, February 26th. Canaccord Genuity Group reissued a “buy” rating and set a $40.00 price objective on shares of Chime Financial in a report on Monday, May 11th. KeyCorp began coverage on shares of Chime Financial in a report on Wednesday, March 4th. They set an “overweight” rating and a $30.00 price objective on the stock. Finally, Rothschild & Co Redburn raised shares of Chime Financial to a “hold” rating in a report on Monday, January 26th. 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. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $31.65.

Chime Financial Stock Performance

NASDAQ CHYM opened at $17.80 on Monday. The company has a fifty day simple moving average of $19.94 and a two-hundred day simple moving average of $22.06. The stock has a market cap of $6.78 billion and a P/E ratio of -2.40. Chime Financial, Inc. has a 12-month low of $16.17 and a 12-month high of $44.94.

Chime Financial (NASDAQ:CHYM) last issued its earnings results on Wednesday, May 6th. The company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.10. The firm 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%. Chime Financial’s revenue was up 24.8% compared to the same quarter last year. As a group, sell-side analysts forecast that Chime Financial, Inc. will post 0.29 earnings per share for the current year.

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.