Chime Financial (NASDAQ:CHYM) General Counsel Adam Frankel Sells 4,382 Shares
by Michael Walen · The Markets DailyChime Financial, Inc. (NASDAQ:CHYM – Get Free Report) General Counsel Adam Frankel sold 4,382 shares of the company’s stock in a transaction that occurred on Thursday, January 8th. The stock was sold at an average price of $27.29, for a total transaction of $119,584.78. Following the completion of the sale, the general counsel directly owned 209,500 shares of the company’s stock, valued at $5,717,255. The trade was a 2.05% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.
Chime Financial Stock Up 0.2%
CHYM stock traded up $0.06 during trading on Friday, hitting $27.76. 4,003,975 shares of the company’s stock traded hands, compared to its average volume of 3,248,715. The firm has a market capitalization of $10.40 billion and a P/E ratio of -3.73. Chime Financial, Inc. has a 1 year low of $16.17 and a 1 year high of $44.94. The business has a fifty day simple moving average of $23.10 and a two-hundred day simple moving average of $25.23.
Chime Financial (NASDAQ:CHYM – Get Free Report) last announced its 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 company had revenue of $543.52 million for the quarter. During the same quarter in the previous year, the business earned ($0.34) earnings per share. The company’s quarterly revenue was up 28.8% on a year-over-year basis.
Hedge Funds Weigh In On Chime Financial
Several hedge funds and other institutional investors have recently bought and sold shares of the business. EverSource Wealth Advisors LLC acquired a new stake in shares of Chime Financial in the second quarter worth $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 position in shares of Chime Financial in the 2nd quarter valued at $40,000. Osaic Holdings Inc. purchased a new stake in Chime Financial during the second quarter worth $45,000. Finally, Farther Finance Advisors LLC acquired a new stake in Chime Financial during the third quarter valued at $50,000.
Wall Street Analyst Weigh In
Several analysts have commented on the stock. Piper Sandler decreased their price target on shares of Chime Financial from $35.00 to $30.00 and set an “overweight” rating for the company in a research report on Thursday, November 6th. Jefferies Financial Group started coverage on shares of Chime Financial in a research report on Monday, November 3rd. They set a “hold” rating and a $17.00 target price for the company. Keefe, Bruyette & Woods cut their price target on shares of Chime Financial from $42.00 to $35.00 and set an “outperform” rating on the stock in a report on Wednesday, October 1st. Canaccord Genuity Group reissued a “buy” rating and issued a $40.00 price objective on shares of Chime Financial in a research report on Thursday, October 30th. Finally, Arete Research upgraded Chime Financial to a “strong-buy” rating in a research note on Tuesday, September 30th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $32.44.
View Our Latest Analysis on Chime Financial
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.