Ashton Thomas Private Wealth LLC Invests $129.09 Million in Chime Financial, Inc. $CHYM

Key Points

• Ashton Thomas Private Wealth LLC acquired 5,128,770 shares of Chime Financial valued at approximately $129.09 million, making it the firm's third-largest holding and about 1.37% ownership of Chime.
• Chime beat quarterly EPS estimates (‑$0.12 vs. ‑$0.20) with revenue of $596.36 million (up 25.5% year‑over‑year) but remains unprofitable, reporting a net margin of ‑46.18% and negative ROE.
• Analyst sentiment is broadly positive with a MarketBeat consensus rating of Moderate Buy and an average target of $31.50, alongside several recent upgrades and target revisions.

Ashton Thomas Private Wealth LLC acquired a new position in Chime Financial, Inc. (NASDAQ:CHYM - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,128,770 shares of the company's stock, valued at approximately $129,091,000. Chime Financial makes up 3.1% of Ashton Thomas Private Wealth LLC's portfolio, making the stock its 3rd largest holding. Ashton Thomas Private Wealth LLC owned approximately 1.37% of Chime Financial as of its most recent SEC filing.

Other large investors 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 worth $33,000. Scopus Asset Management L.P. acquired a new stake in shares of Chime Financial in the second quarter worth $34,000. Daiwa Securities Group Inc. acquired a new stake in shares of Chime Financial in the second quarter worth $40,000. Osaic Holdings Inc. acquired a new stake in shares of Chime Financial in the second quarter worth $45,000. Finally, Farther Finance Advisors LLC purchased a new position in shares of Chime Financial in the third quarter valued at $50,000.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. UBS Group upped their target price on shares of Chime Financial from $24.00 to $27.00 and gave the company a "neutral" rating in a research note on Thursday, February 26th. Compass Point upgraded shares of Chime Financial from a "neutral" rating to a "buy" rating and decreased their target price for the company from $33.00 to $27.00 in a research note on Monday, April 13th. Texas Capital upgraded shares of Chime Financial to a "strong-buy" rating in a research note on Tuesday, April 14th. Wells Fargo & Company assumed coverage on shares of Chime Financial in a research note on Monday, April 13th. They issued an "overweight" rating and a $25.00 target price for the company. Finally, Wall Street Zen upgraded shares of Chime Financial from a "hold" rating to a "buy" rating in a research note on Sunday, April 12th. Four investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $31.50.

Chime Financial Stock Performance

Shares of CHYM stock opened at $22.54 on Monday. The company has a market capitalization of $8.66 billion and a PE ratio of -2.98. The firm has a fifty day simple moving average of $20.85 and a 200-day simple moving average of $21.98. Chime Financial, Inc. has a twelve month low of $16.17 and a twelve month high of $44.94.

Chime Financial (NASDAQ:CHYM - Get Free Report) last posted its quarterly earnings results on Wednesday, February 25th. The company reported ($0.12) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.20) by $0.08. The firm had revenue of $596.36 million for the quarter. Chime Financial had a negative net margin of 46.18% and a negative return on equity of 70.90%. The company's revenue was up 25.5% on a year-over-year basis. During the same period in the prior year, the company earned ($0.30) earnings per share. Equities research analysts predict that Chime Financial, Inc. will post 0.16 EPS for the current year.

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.

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