Chime Financial, Inc. $CHYM Position Decreased by Parallel Advisors LLC

Key Points

• Parallel Advisors LLC reduced its Chime Financial position by 21.7% in the first quarter, selling 37,500 shares and retaining 134,980 shares valued at approximately $2.53 million.
• Chime reported strong second-quarter results, with EPS of $0.07 versus a projected $0.01 loss and revenue up 26.8% year over year to $669.77 million. The company raised its revenue outlook and issued third-quarter guidance above consensus estimates.
• Analysts largely raised their price targets, producing a “Moderate Buy” consensus and an average target of $30.67. However, investors face risks including a planned 10% workforce reduction, CFO Matt Newcomb’s departure and recent insider share sales.

Parallel Advisors LLC lowered its holdings in Chime Financial, Inc. (NASDAQ:CHYM - Free Report) by 21.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 134,980 shares of the company's stock after selling 37,500 shares during the period. Parallel Advisors LLC's holdings in Chime Financial were worth $2,528,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. EverSource Wealth Advisors LLC acquired a new stake in Chime Financial during the second quarter valued at approximately $33,000. Scopus Asset Management L.P. bought a new position in shares of Chime Financial in the second quarter valued at $34,000. PNC Financial Services Group Inc. bought a new position in shares of Chime Financial in the fourth quarter valued at $25,000. Daiwa Securities Group Inc. acquired a new stake in shares of Chime Financial during the 2nd quarter valued at $40,000. Finally, Osaic Holdings Inc. bought a new stake in shares of Chime Financial during the 2nd quarter worth $45,000.

Key Stories Impacting Chime Financial

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

• Positive Sentiment: Chime reported second-quarter earnings of $0.07 per share, versus analysts’ expectations for a $0.01 loss. Revenue rose 26.8% year over year to $669.77 million, while management cited expanding margins and a second consecutive quarter of GAAP profitability. Chime Reports Second Quarter 2026 Financial Results
• Positive Sentiment: Third-quarter revenue guidance of $680 million to $690 million exceeded the $669.5 million consensus estimate. Chime also raised its 2026 revenue-growth outlook, supported by demand for its digital banking products, Chime Prime, liquidity products and employer partnerships. Chime 2026 Revenue Forecast and Workforce Reduction
• Positive Sentiment: Analysts broadly raised their targets following the results. Canaccord Genuity increased its target to $45 with a buy rating; B. Riley raised its target to $37; Piper Sandler and Keefe, Bruyette & Woods lifted theirs to $35; Morgan Stanley raised its target to $33 with an overweight rating; and Goldman Sachs increased its target to $33 with a buy rating. Analyst Price Target Revisions
• Neutral Sentiment: UBS raised its price target from $26 to $28 but maintained a neutral rating, suggesting some analysts believe the improved outlook is already reflected in the stock. UBS Price Target Revision
• Neutral Sentiment: CFO Matt Newcomb is scheduled to depart, creating a leadership transition that investors will monitor. Chime Revenue Forecast and CFO Departure
• Negative Sentiment: Chime plans to reduce its workforce by approximately 10%. The move could support efficiency and margins, but it also signals cost pressures and may raise concerns about execution or growth investments. Chime Workforce Reduction

Insider Buying and Selling at Chime Financial

In other Chime Financial 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 sale, the general counsel directly owned 303,795 shares in the company, valued at approximately $5,316,412.50. This trade represents a 0.98% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Amine Asmerom sold 10,000 shares of Chime Financial stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $25.00, for a total value of $250,000.00. Following the transaction, the chief accounting officer directly owned 226,946 shares in the company, valued at approximately $5,673,650. This trade represents a 4.22% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 16,000 shares of company stock worth $356,500 over the last three months. 12.30% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. UBS Group lifted their target price on Chime Financial from $26.00 to $28.00 and gave the stock a "neutral" rating in a report on Thursday. Freedom Capital raised Chime Financial to a "strong-buy" rating in a report on Thursday, July 23rd. Piper Sandler increased their price target on Chime Financial from $30.00 to $35.00 and gave the company an "overweight" rating in a research report on Thursday. Morgan Stanley lifted their price target on Chime Financial from $31.00 to $33.00 and gave the stock an "overweight" rating in a research note on Thursday. Finally, B. Riley Financial boosted their price objective on Chime Financial from $35.00 to $37.00 and gave the stock a "buy" rating in a report on Thursday. Four investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Chime Financial presently has a consensus rating of "Moderate Buy" and a consensus target price of $30.67.

Chime Financial Stock Performance

NASDAQ CHYM opened at $31.25 on Friday. The firm's 50 day moving average price is $20.31 and its two-hundred day moving average price is $20.77. Chime Financial, Inc. has a twelve month low of $15.88 and a twelve month high of $33.99. The stock has a market cap of $11.91 billion, a price-to-earnings ratio of -446.36 and a beta of 0.31.

Chime Financial (NASDAQ:CHYM - Get Free Report) last released its earnings results on Wednesday, August 5th. The company reported $0.07 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.01) by $0.08. The company had revenue of $669.77 million during the quarter. Chime Financial had a negative return on equity of 1.27% and a negative net margin of 0.74%.Chime Financial's revenue for the quarter was up 26.8% on a year-over-year basis. During the same quarter in the previous year, the company earned ($7.29) EPS. On average, research analysts forecast that Chime Financial, Inc. will post 0.3 EPS for the current fiscal 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source