Liontrust Investment Partners LLP Buys Shares of 20,137 Chime Financial, Inc. $CHYM

by · The Cerbat Gem

Liontrust Investment Partners LLP purchased a new position in Chime Financial, Inc. (NASDAQ:CHYM – Free Report) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 20,137 shares of the company’s stock, valued at approximately $695,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. EverSource Wealth Advisors LLC acquired a new position in Chime Financial in the 2nd quarter worth about $33,000. Scopus Asset Management L.P. acquired a new stake in shares of Chime Financial during the 2nd quarter valued at about $34,000. Daiwa Securities Group Inc. bought a new stake in shares of Chime Financial in the 2nd quarter valued at approximately $40,000. Emerald Mutual Fund Advisers Trust acquired a new position in Chime Financial in the second quarter worth approximately $113,000. Finally, Legal & General Group Plc acquired a new stake in Chime Financial in the second quarter valued at approximately $136,000.

Analysts Set New Price Targets

Several brokerages have recently commented on CHYM. UBS Group dropped their price target on shares of Chime Financial from $37.00 to $24.00 and set a “neutral” rating on the stock in a research note on Thursday, November 6th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Chime Financial in a report on Wednesday, October 8th. Canaccord Genuity Group reissued a “buy” rating and set a $40.00 target price on shares of Chime Financial in a research report on Thursday, October 30th. Arete Research raised Chime Financial to a “strong-buy” rating in a research report on Tuesday, September 30th. Finally, William Blair reiterated an “outperform” rating on shares of Chime Financial in a research note on Tuesday, September 30th. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $32.25.

Get Our Latest Stock Report on Chime Financial

Chime Financial Trading Down 4.7%

Shares of CHYM opened at $26.19 on Monday. Chime Financial, Inc. has a one year low of $16.17 and a one year high of $44.94. The stock has a fifty day moving average price of $20.15.

Chime Financial (NASDAQ:CHYM – Get Free Report) last issued its quarterly earnings results on Wednesday, November 5th. The company reported ($0.15) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.25) by $0.10. The business had revenue of $543.52 million during the quarter. The business’s revenue was up 28.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.34) earnings per share.

Insider Transactions at Chime Financial

In other Chime Financial news, General Counsel Adam B. Frankel sold 1,000 shares of Chime Financial stock in a transaction that occurred on Wednesday, December 10th. The stock was sold at an average price of $25.50, for a total value of $25,500.00. Following the transaction, the general counsel directly owned 252,416 shares of the company’s stock, valued at $6,436,608. The trade was a 0.39% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Over the last quarter, insiders sold 8,260 shares of company stock valued at $200,158.

Chime Financial Company Profile

(Free Report)

Chime is a financial technology company that partners with federally regulated, FDIC-insured banks—The Bancorp Bank, N.A. and Stride Bank, N.A., Members FDIC—to provide consumer banking products and services. The company’s model is designed to eliminate common fees and simplify access to basic financial services.

Chime does not charge overdraft fees, monthly service fees, or require minimum balances.

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