Caprock Group LLC Purchases New Holdings in Chime Financial, Inc. $CHYM

Caprock Group LLC acquired a new position in shares of Chime Financial, Inc. (NASDAQ:CHYM) during the 3rd quarter, HoldingsChannel.com reports. The firm acquired 81,770 shares of the company’s stock, valued at approximately $1,649,000.

A number of other hedge funds have also recently bought and sold shares of the company. EverSource Wealth Advisors LLC acquired a new stake in shares of Chime Financial in 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. acquired a new stake in Chime Financial in the second quarter worth about $40,000. Osaic Holdings Inc. bought a new stake in Chime Financial during the 2nd quarter worth about $45,000. Finally, Farther Finance Advisors LLC acquired a new position in Chime Financial during the 3rd quarter valued at about $50,000.

Chime Financial Price Performance

NASDAQ CHYM opened at $19.69 on Friday. Chime Financial, Inc. has a one year low of $16.17 and a one year high of $44.94. The firm has a market cap of $7.38 billion and a P/E ratio of -2.65. The stock’s 50-day moving average is $25.27 and its 200-day moving average is $23.88.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Piper Sandler dropped 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 note on Thursday, November 6th. B. Riley Financial started coverage on shares of Chime Financial in a report on Thursday, December 11th. They set a “buy” rating and a $35.00 target price for the company. JPMorgan Chase & Co. cut their price target on Chime Financial from $40.00 to $34.00 and set an “overweight” rating on the stock in a research note on Thursday, November 6th. Williams Trading set a $17.00 price target on Chime Financial in a research report on Monday, November 3rd. Finally, UBS Group dropped their price objective on Chime Financial from $37.00 to $24.00 and set a “neutral” rating for the company in a report on Thursday, November 6th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Chime Financial currently has a consensus rating of “Moderate Buy” and an average target price of $32.24.

Insider Activity at Chime Financial

In other Chime Financial news, Director James Feuille sold 7,229 shares of Chime Financial stock in a transaction that occurred on Tuesday, December 16th. The shares were sold at an average price of $24.82, for a total value of $179,423.78. Following the transaction, the director owned 7,037,707 shares of the company’s stock, valued at approximately $174,675,887.74. The trade was a 0.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Christopher R. Britt sold 50,000 shares of the stock in a transaction on Friday, January 9th. The stock was sold at an average price of $28.06, for a total transaction of $1,403,000.00. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 256,539 shares of company stock valued at $6,973,943.

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.