Delta Global Management LP Acquires Shares of 37,053 Chime Financial, Inc. $CHYM

Delta Global Management LP bought a new position in shares of Chime Financial, Inc. (NASDAQ:CHYM) during the third quarter, HoldingsChannel.com reports. The firm bought 37,053 shares of the company’s stock, valued at approximately $747,000.

Other hedge funds also recently made changes to their positions in the company. EverSource Wealth Advisors LLC acquired a new stake in shares of Chime Financial in the second quarter valued at approximately $33,000. Scopus Asset Management L.P. bought a new position in Chime Financial during the 2nd quarter worth $34,000. Daiwa Securities Group Inc. bought a new position in Chime Financial during the 2nd quarter worth $40,000. Osaic Holdings Inc. acquired a new position in Chime Financial in the 2nd quarter valued at $45,000. Finally, Farther Finance Advisors LLC acquired a new position in Chime Financial in the 3rd quarter valued at $50,000.

Chime Financial Stock Performance

Shares of CHYM opened at $20.35 on Tuesday. Chime Financial, Inc. has a 52-week low of $16.17 and a 52-week high of $44.94. The firm has a market cap of $7.82 billion and a price-to-earnings ratio of -2.69. The business’s fifty day moving average is $23.41 and its 200-day moving average is $22.53.

Chime Financial (NASDAQ:CHYM) last released its quarterly earnings data on Wednesday, February 25th. The company reported ($0.12) earnings per share for the quarter, beating the consensus estimate of ($0.20) by $0.08. Chime Financial had a negative return on equity of 70.90% and a negative net margin of 46.18%.The business had revenue of $596.36 million for the quarter. During the same period last year, the business earned ($0.30) earnings per share. The business’s quarterly revenue was up 25.5% compared to the same quarter last year.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on CHYM. Rothschild & Co Redburn raised Chime Financial to a “hold” rating in a report on Monday, January 26th. The Goldman Sachs Group boosted their price target on Chime Financial from $27.00 to $30.00 and gave the company a “buy” rating in a research note on Tuesday, January 6th. KeyCorp started coverage on shares of Chime Financial in a research report on Wednesday, March 4th. They set an “overweight” rating and a $30.00 price objective for the company. UBS Group raised their target price on shares of Chime Financial from $24.00 to $27.00 and gave the company a “neutral” rating in a report on Thursday, February 26th. Finally, B. Riley Financial started coverage on shares of Chime Financial in a research report on Thursday, December 11th. They issued a “buy” rating and a $35.00 target price for the company. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $32.28.

Insiders Place Their Bets

In other Chime Financial news, General Counsel Adam B. Frankel sold 4,382 shares of the business’s stock in a transaction on Thursday, January 8th. The shares were sold at an average price of $27.29, for a total transaction of $119,584.78. Following the sale, the general counsel owned 209,500 shares of the company’s stock, valued at approximately $5,717,255. The trade was a 2.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Matthew S. Newcomb sold 10,000 shares of the company’s stock in a transaction on Friday, January 9th. The stock was sold at an average price of $28.01, for a total transaction of $280,100.00. Following the transaction, the chief financial officer owned 2,240,798 shares of the company’s stock, valued at $62,764,751.98. This trade represents a 0.44% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 64,882 shares of company stock valued at $1,816,685.

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.