Chime Financial (NASDAQ:CHYM) General Counsel Adam Frankel Sells 6,760 Shares

Chime Financial, Inc. (NASDAQ:CHYM) General Counsel Adam Frankel sold 6,760 shares of the business’s stock in a transaction that occurred on Monday, December 8th. The shares were sold at an average price of $23.84, for a total transaction of $161,158.40. Following the sale, the general counsel owned 244,416 shares in the company, valued at $5,826,877.44. This represents a 2.69% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Chime Financial Price Performance

Chime Financial stock opened at $26.47 on Thursday. The business has a 50 day moving average price of $19.91. Chime Financial, Inc. has a 52 week low of $16.17 and a 52 week high of $44.94.

Chime Financial (NASDAQ:CHYM) last issued its quarterly 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 quarter last year, the company earned ($0.34) EPS. The company’s quarterly revenue was up 28.8% compared to the same quarter last year.

Wall Street Analysts Forecast Growth

CHYM has been the subject of several recent research reports. Keefe, Bruyette & Woods lowered their price target on Chime Financial from $42.00 to $35.00 and set an “outperform” rating for the company in a research note on Wednesday, October 1st. Williams Trading set a $17.00 target price on shares of Chime Financial in a research report on Monday, November 3rd. Arete Research upgraded shares of Chime Financial to a “strong-buy” rating in a report on Tuesday, September 30th. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $40.00 price objective on shares of Chime Financial in a research note on Thursday, October 30th. Finally, Jefferies Financial Group initiated 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 on the stock. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $32.25.

Hedge Funds Weigh In On Chime Financial

Several large investors have recently made changes to their positions in CHYM. Galileo PTC Ltd acquired a new stake in Chime Financial in the 2nd quarter valued at approximately $1,803,793,000. ICONIQ Capital LLC acquired a new stake in shares of Chime Financial in the second quarter worth $518,844,000. Dragoneer Investment Group LLC bought a new position in Chime Financial during the second quarter worth $295,022,000. Capital Research Global Investors raised its stake in Chime Financial by 90.0% during the 3rd quarter. Capital Research Global Investors now owns 6,878,057 shares of the company’s stock valued at $138,730,000 after purchasing an additional 3,258,179 shares during the last quarter. Finally, Orland Properties Ltd bought a new stake in Chime Financial in the 2nd quarter valued at $159,093,000.

About Chime Financial

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.