AMS Capital Ltda Takes Position in Chime Financial, Inc. $CHYM

Key Points

• AMS Capital Ltda acquired 183,624 Chime Financial shares worth approximately $3.44 million during the first quarter, making CHYM its 15th-largest holding and representing about 1.3% of its portfolio.
• Analyst sentiment is broadly positive: the stock has an average “Buy” rating and a $29.19 consensus price target, with recent upgrades and targets ranging from $26 to $40.
• Chime reported quarterly EPS of $0.13, beating estimates of $0.03, while revenue rose 24.8% year over year to $647.39 million. Despite the growth, the company remains unprofitable, with a negative net margin of 41.87%.

AMS Capital Ltda acquired a new position in shares of Chime Financial, Inc. (NASDAQ:CHYM - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 183,624 shares of the company's stock, valued at approximately $3,439,000. Chime Financial comprises about 1.3% of AMS Capital Ltda's investment portfolio, making the stock its 15th largest position.

A number of other institutional investors have also modified their holdings of the stock. PNC Financial Services Group Inc. purchased a new position in Chime Financial during the fourth quarter worth about $25,000. EverSource Wealth Advisors LLC purchased a new stake in Chime Financial during the second quarter worth $33,000. Scopus Asset Management L.P. purchased a new stake in shares of Chime Financial in the 2nd quarter worth about $34,000. Caitong International Asset Management Co. Ltd grew its position in shares of Chime Financial by 686.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,462 shares of the company's stock valued at $37,000 after purchasing an additional 1,276 shares during the last quarter. Finally, Daiwa Securities Group Inc. acquired a new stake in Chime Financial during the 2nd quarter valued at $40,000.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Barclays assumed coverage on shares of Chime Financial in a report on Wednesday, July 8th. They set an "overweight" rating and a $26.00 price target for the company. Wall Street Zen raised shares of Chime Financial from a "hold" rating to a "buy" rating in a research report on Saturday, July 25th. Texas Capital upgraded Chime Financial to a "strong-buy" rating in a research note on Tuesday, April 14th. Canaccord Genuity Group reaffirmed a "buy" rating and set a $40.00 price target on shares of Chime Financial in a research note on Friday. Finally, Wells Fargo & Company upped their target price on Chime Financial from $25.00 to $28.00 and gave the company an "overweight" rating in a research report on Thursday, May 7th. Five analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $29.19.

Chime Financial Price Performance

CHYM stock opened at $22.99 on Monday. The firm's 50-day simple moving average is $19.60 and its 200 day simple moving average is $20.76. The stock has a market cap of $8.76 billion, a PE ratio of -3.09 and a beta of 0.30. Chime Financial, Inc. has a fifty-two week low of $15.88 and a fifty-two week high of $35.34.

Chime Financial (NASDAQ:CHYM - Get Free Report) last posted its earnings results on Wednesday, May 6th. The company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.03 by $0.10. The firm had revenue of $647.39 million for the quarter. Chime Financial had a negative return on equity of 67.86% and a negative net margin of 41.87%.The business's quarterly revenue was up 24.8% on a year-over-year basis. Equities analysts forecast that Chime Financial, Inc. will post 0.3 EPS for the current fiscal year.

Insider Activity at Chime Financial

In related news, General Counsel Adam B. Frankel sold 3,000 shares of the firm's stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $17.50, for a total transaction of $52,500.00. Following the completion of the transaction, the general counsel owned 303,795 shares of the company's stock, valued at $5,316,412.50. This trade represents a 0.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 12.30% of the company's stock.

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.

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