Chime Financial (NASDAQ:CHYM) Trading Down 3.9% – What’s Next?

Chime Financial, Inc. (NASDAQ:CHYM)’s stock price fell 3.9% on Wednesday . The company traded as low as $25.30 and last traded at $25.31. 1,327,776 shares were traded during mid-day trading, a decline of 61% from the average session volume of 3,393,014 shares. The stock had previously closed at $26.33.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on CHYM shares. Williams Trading set a $17.00 price target on Chime Financial in a research note on Monday, November 3rd. William Blair restated an “outperform” rating on shares of Chime Financial in a research note on Tuesday, September 30th. JPMorgan Chase & Co. reduced their price objective on shares of Chime Financial from $40.00 to $34.00 and set an “overweight” rating on the stock in a research report on Thursday, November 6th. Weiss Ratings restated a “sell (d-)” rating on shares of Chime Financial in a research report on Wednesday, October 8th. Finally, The Goldman Sachs Group upgraded Chime Financial from a “neutral” rating to a “buy” rating and increased their price target for the company from $26.00 to $27.00 in a report on Monday, December 1st. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $32.25.

Chime Financial Trading Down 3.9%

The firm’s fifty day moving average is $21.69 and its 200 day moving average is $25.36. The company has a market cap of $9.47 billion and a PE ratio of -3.40.

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

Insider Buying and Selling at Chime Financial

In other Chime Financial news, Director James Feuille sold 7,229 shares of the company’s stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $24.82, for a total transaction of $179,423.78. Following the transaction, the director directly owned 7,037,707 shares in the company, valued at approximately $174,675,887.74. This represents a 0.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, General Counsel Adam B. Frankel sold 1,000 shares of the business’s stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $25.50, for a total transaction of $25,500.00. Following the completion of 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 191,657 shares of company stock worth $5,157,258 over the last 90 days.

Institutional Trading of Chime Financial

A number of hedge funds have recently made changes to their positions in the stock. PFG Investments LLC acquired a new position in Chime Financial in the second quarter worth $350,000. Hennessy Advisors Inc. acquired a new position in shares of Chime Financial in the 2nd quarter valued at $207,000. MADDEN SECURITIES Corp purchased a new stake in shares of Chime Financial in the second quarter valued at $582,000. Board of Trustees of The Leland Stanford Junior University acquired a new stake in shares of Chime Financial during the second quarter worth approximately $1,453,000. Finally, Jennison Associates LLC bought a new position in Chime Financial in the 2nd quarter worth $3,766,000.

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.