Calamos Advisors LLC Purchases 190,678 Shares of Chime Financial, Inc. $CHYM

Key Points

• Calamos Advisors initiated a position in Chime Financial, purchasing 190,678 shares worth approximately $5.08 million, or 0.05% of the company. Several other institutional investors also opened positions during the third quarter.
• Chime beat quarterly earnings estimates, reporting EPS of $0.11 versus $0.09 expected, and revenue of $718 million, up 32.1% year over year.
• Analyst sentiment is broadly positive, with a “Moderate Buy” consensus and a $39.47 average price target; however, insiders sold more than 16.3 million shares over the past 90 days.

Calamos Advisors LLC purchased a new stake in shares of Chime Financial, Inc. (NASDAQ:CHYM - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 190,678 shares of the company's stock, valued at approximately $5,080,000. Calamos Advisors LLC owned 0.05% of Chime Financial as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of CHYM. Claro Advisors Inc. purchased a new position in Chime Financial during the third quarter worth $219,000. Vise Technologies Inc. bought a new position in Chime Financial during the third quarter valued at $348,000. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Chime Financial in the third quarter valued at $424,000. Parcion Private Wealth LLC purchased a new stake in shares of Chime Financial in the third quarter valued at $389,000. Finally, North Dakota State Investment Board purchased a new stake in Chime Financial in the 3rd quarter worth about $212,000.

Chime Financial Stock Performance

NASDAQ CHYM opened at $31.33 on Monday. The company's 50-day moving average price is $29.94 and its 200-day moving average price is $23.90. The stock has a market cap of $11.86 billion, a PE ratio of 164.90 and a beta of 0.73. Chime Financial, Inc. has a 12 month low of $15.88 and a 12 month high of $35.55.

Chime Financial (NASDAQ:CHYM - Get Free Report) last announced its quarterly earnings data on Wednesday, November 4th. The company reported $0.11 earnings per share for the quarter, beating analysts' consensus estimates of $0.09 by $0.02. Chime Financial had a net margin of 3.05% and a return on equity of 6.72%. The company had revenue of $718.00 million during the quarter. During the same quarter in the previous year, the business earned ($0.15) EPS. The company's quarterly revenue was up 32.1% compared to the same quarter last year. As a group, sell-side analysts forecast that Chime Financial, Inc. will post 0.47 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. The Goldman Sachs Group boosted their target price on Chime Financial from $38.00 to $43.00 and gave the company a "buy" rating in a research report on Thursday. Scotiabank increased their price target on Chime Financial from $42.00 to $44.00 and gave the stock a "sector outperform" rating in a report on Thursday. Weiss Ratings raised Chime Financial from a "sell (e+)" rating to a "sell (d-)" rating in a research note on Thursday, September 3rd. Loop Capital started coverage on Chime Financial in a report on Wednesday, September 9th. They set a "buy" rating and a $45.00 price objective for the company. Finally, Wells Fargo & Company boosted their price objective on Chime Financial from $39.00 to $42.00 and gave the company an "overweight" rating in a report on Thursday. Three research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, Chime Financial currently has a consensus rating of "Moderate Buy" and a consensus target price of $39.47.

Key Headlines Impacting Chime Financial

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

• Positive Sentiment: Chime reported Q3 revenue growth of 32% year over year and earnings that beat analysts’ expectations. The quarter marked its third consecutive GAAP profit, with lending cited as a key growth driver. Q3 earnings results
• Positive Sentiment: Management forecast Q4 revenue of $757 million to $767 million, indicating continued growth. Q4 forecast and Stride deal update
• Positive Sentiment: Several firms raised their targets: Goldman Sachs to $43 and kept a Buy rating; JPMorgan to $40 with an Overweight rating; and Scotiabank to $44 with a Sector Outperform rating. Goldman Sachs rating JPMorgan rating Scotiabank rating
• Positive Sentiment: UBS also raised its target, from $31 to $34, though it maintained a Neutral rating. UBS rating
• Neutral Sentiment: Chime expects its Stride transaction to close in the first half of 2027; the deal adds a future milestone, but its completion remains ahead. Stride transaction update

Insider Buying and Selling

In other Chime Financial news, major shareholder Global Advisors Ltd Dst sold 4,456,157 shares of the company's stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $32.66, for a total value of $145,538,087.62. Following the transaction, the insider directly owned 405,663 shares in the company, valued at $13,248,953.58. This represents a 91.66% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last 90 days, insiders have sold 16,346,294 shares of company stock valued at $538,796,549. 12.30% of the stock is owned by corporate insiders.

About Chime Financial

Chime Financial operates a digital financial services platform for consumers in the United States. Through its mobile app, the company offers spending and savings accounts, debit cards and tools for managing money. Its products also include credit-building services and features designed to help customers access direct deposits and avoid certain common banking fees.

Founded in 2012 by Chris Britt and Ryan King, Chime is a financial technology company, not a bank. Banking services are provided through partner banks, including The Bancorp Bank, N.A., and Stride Bank, N.A.

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