Insider Selling: Chime Financial (NASDAQ:CHYM) CAO Sells $642,494.70 in Stock

Chime Financial, Inc. (NASDAQ:CHYM) CAO Amine Asmerom sold 19,505 shares of Chime Financial stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $32.94, for a total value of $642,494.70. Following the completion of the sale, the chief accounting officer directly owned 280,975 shares in the company, valued at $9,255,316.50. This trade represents a 6.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Amine Asmerom also recently made the following trade(s):

• On Thursday, August 6th, Amine Asmerom sold 10,000 shares of Chime Financial stock. The shares were sold at an average price of $30.00, for a total value of $300,000.00.
• On Tuesday, August 4th, Amine Asmerom sold 10,000 shares of Chime Financial stock. The shares were sold at an average price of $25.00, for a total value of $250,000.00.

Chime Financial Price Performance

NASDAQ:CHYM opened at $33.00 on Friday. The company has a market cap of $12.49 billion, a price-to-earnings ratio of -471.36 and a beta of 0.60. Chime Financial, Inc. has a 1 year low of $15.88 and a 1 year high of $35.55. The stock’s 50 day simple moving average is $27.73 and its two-hundred day simple moving average is $22.50.

Chime Financial (NASDAQ:CHYM) last posted its earnings results on Wednesday, August 5th. The company reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.08. Chime Financial had a negative return on equity of 1.28% and a negative net margin of 0.74%.The firm had revenue of $669.77 million during the quarter. During the same quarter in the prior year, the company posted ($7.29) earnings per share. The firm’s revenue was up 26.8% compared to the same quarter last year. As a group, analysts anticipate that Chime Financial, Inc. will post 0.44 EPS for the current year.

Institutional Investors Weigh In On Chime Financial

Several hedge funds have recently modified their holdings of the business. AMS Capital Ltda purchased a new position in Chime Financial during the first quarter valued at approximately $3,439,000. Arrowstreet Capital Limited Partnership lifted its holdings in Chime Financial by 2,720.3% during the first quarter. Arrowstreet Capital Limited Partnership now owns 2,756,555 shares of the company’s stock worth $51,630,000 after buying an additional 2,658,816 shares during the period. Hsbc Holdings PLC bought a new stake in Chime Financial during the 4th quarter valued at $1,274,000. Brown University boosted its position in Chime Financial by 99.0% during the 1st quarter. Brown University now owns 204,625 shares of the company’s stock valued at $3,833,000 after acquiring an additional 101,820 shares in the last quarter. Finally, Bank of America Corp DE increased its holdings in shares of Chime Financial by 115.0% in the 1st quarter. Bank of America Corp DE now owns 319,579 shares of the company’s stock valued at $5,986,000 after acquiring an additional 170,941 shares during the period.

Analyst Ratings Changes

Several research analysts recently commented on the company. Keefe, Bruyette & Woods lifted their price target on Chime Financial from $30.00 to $35.00 and gave the stock an “outperform” rating in a research report on Thursday, August 6th. Loop Capital initiated coverage on Chime Financial in a research report on Wednesday. They set a “buy” rating and a $45.00 price objective on the stock. Wall Street Zen raised Chime Financial from a “hold” rating to a “buy” rating in a research note on Saturday, July 25th. B. Riley Financial lifted their target price on Chime Financial from $35.00 to $37.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Finally, Wells Fargo & Company boosted their target price on Chime Financial from $33.00 to $39.00 and gave the company an “overweight” rating in a research report on Tuesday, August 25th. Four analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $35.00.

Chime Financial News Roundup

Here are the key news stories impacting Chime Financial this week:

• Positive Sentiment: Chime agreed to acquire Stride Bank, its longtime banking partner, for approximately $590 million in cash. Owning a nationally chartered bank could reduce partner fees and funding costs, improve control over lending and compliance, and generate more than $100 million in annual savings. The transaction is expected to be accretive to earnings after its anticipated first-half 2027 closing. Stride Bank acquisition article
• Positive Sentiment: Management raised its outlook, projecting third-quarter revenue of approximately $705 million and full-year 2026 revenue of $2.76 billion to $2.77 billion. Full-year adjusted EBITDA guidance increased to $481 million-$489 million, supporting the investment case.
• Positive Sentiment: Analyst sentiment strengthened. KeyCorp raised its price target to $40, Scotiabank to $42, and Loop Capital initiated coverage with a Buy rating and a $45 target. Other firms, including Morgan Stanley, Piper Sandler and UBS, also reportedly increased targets, while Zacks added CHYM to its Strong Buy momentum list. KeyCorp price target article
• Neutral Sentiment: The Stride transaction requires regulatory approval and will expose Chime to bank capital requirements, federal oversight and integration risks. Investors will also monitor whether the bank remains below the $10 billion asset threshold, which affects debit-card interchange economics.
• Negative Sentiment: Valuation appears stretched after an approximately 86% three-month rally and a move close to the 52-week high. UBS maintained a Neutral rating despite raising its target to $31, indicating some analysts see limited upside at elevated levels.
• Negative Sentiment: Insiders continued to sell shares. Major shareholder Global Advisors Ltd Dst sold 59,630 shares for about $2.09 million, while Ryan King sold 42,421 shares for approximately $1.49 million. Chief Accounting Officer Amine Asmerom also sold 19,505 shares for about $642,000. The executive sales were conducted under pre-arranged Rule 10b5-1 plans, reducing their significance as discretionary bearish signals.

Chime Financial Company Profile

Chime Financial, Inc is a financial technology company that operates a digital banking platform in the United States. Chime provides consumer-focused banking services through its mobile application and website, offering checking and savings accounts, debit cards, direct-deposit services and tools designed to help customers manage their everyday finances. Chime is not a traditional bank; its banking services are provided through partner financial institutions.

The company’s products include a Visa debit card, fee-free overdraft protection through SpotMe for eligible members, early access to qualifying direct deposits, savings features and credit-building products.