Chime Financial (NASDAQ:CHYM) CEO Christopher Britt Sells 50,000 Shares

Chime Financial, Inc. (NASDAQ:CHYM) CEO Christopher Britt sold 50,000 shares of the business’s stock in a transaction on Friday, January 9th. The shares were sold at an average price of $28.06, for a total transaction of $1,403,000.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Chime Financial Price Performance

Shares of NASDAQ CHYM opened at $26.72 on Wednesday. Chime Financial, Inc. has a 1 year low of $16.17 and a 1 year high of $44.94. The stock has a market cap of $10.01 billion and a P/E ratio of -3.59. The firm has a 50-day moving average of $23.48 and a 200 day moving average of $25.08.

Chime Financial (NASDAQ:CHYM) last announced its earnings results on Wednesday, November 5th. The company reported ($0.15) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.25) by $0.10. The business had revenue of $543.52 million for the quarter. During the same period last year, the company earned ($0.34) earnings per share. The business’s quarterly revenue was up 28.8% on a year-over-year basis.

Institutional Investors Weigh In On Chime Financial

A number of large investors have recently added to or reduced their stakes in CHYM. EverSource Wealth Advisors LLC bought a new position in shares of Chime Financial during the 2nd quarter valued at $33,000. Scopus Asset Management L.P. bought a new position in Chime Financial in the second quarter valued at about $34,000. Daiwa Securities Group Inc. purchased a new position in Chime Financial in the second quarter worth about $40,000. Osaic Holdings Inc. bought a new stake in shares of Chime Financial during the 2nd quarter valued at about $45,000. Finally, Farther Finance Advisors LLC bought a new stake in shares of Chime Financial during the 3rd quarter valued at about $50,000.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on CHYM shares. Arete Research upgraded Chime Financial to a “strong-buy” rating in a report on Tuesday, September 30th. UBS Group reduced their price objective on shares of Chime Financial from $37.00 to $24.00 and set a “neutral” rating for the company in a research note on Thursday, November 6th. The Goldman Sachs Group increased their price target on shares of Chime Financial from $27.00 to $30.00 and gave the company a “buy” rating in a report on Tuesday, January 6th. JPMorgan Chase & Co. decreased their price objective on shares of Chime Financial from $40.00 to $34.00 and set an “overweight” rating for the company in a report on Thursday, November 6th. Finally, Keefe, Bruyette & Woods cut their target price on Chime Financial from $42.00 to $35.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 1st. Two investment 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 issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $32.44.

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.