Chime Financial, Inc. $CHYM Shares Acquired by Davis Selected Advisers

Key Points

• Davis Selected Advisers boosted its Chime position 3.0% to 2,472,106 shares (about 0.66% of the company) valued at roughly $62.2M, while other institutions — notably Ashton Thomas (new ~$129.1M position) and Caprock (stake up 521.5% to 508,192 shares) — also made sizable fourth-quarter purchases.
• Chime beat Q results with EPS of ($0.12) vs. ($0.20) expected and revenue of $596.4M (up 25.5% YoY) but remains unprofitable with negative margins and ROE; analysts hold a consensus "Moderate Buy" rating and a $31.50 price target.

Davis Selected Advisers lifted its position in shares of Chime Financial, Inc. (NASDAQ:CHYM - Free Report) by 3.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,472,106 shares of the company's stock after purchasing an additional 72,940 shares during the period. Davis Selected Advisers owned about 0.66% of Chime Financial worth $62,223,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Kim LLC acquired a new position in shares of Chime Financial during the fourth quarter worth $7,275,000. Brown University acquired a new position in shares of Chime Financial during the fourth quarter worth $2,588,000. Ashton Thomas Private Wealth LLC acquired a new position in shares of Chime Financial during the fourth quarter worth $129,091,000. Pictet Asset Management Holding SA lifted its position in shares of Chime Financial by 24.2% during the fourth quarter. Pictet Asset Management Holding SA now owns 250,708 shares of the company's stock worth $6,310,000 after purchasing an additional 48,920 shares in the last quarter. Finally, Caprock Group LLC increased its stake in shares of Chime Financial by 521.5% in the fourth quarter. Caprock Group LLC now owns 508,192 shares of the company's stock worth $12,791,000 after buying an additional 426,422 shares during the last quarter.

Chime Financial Price Performance

CHYM stock opened at $22.24 on Friday. Chime Financial, Inc. has a 1-year low of $16.17 and a 1-year high of $44.94. The firm has a fifty day moving average price of $20.98 and a two-hundred day moving average price of $22.00. The firm has a market cap of $8.54 billion and a price-to-earnings ratio of -2.94.

Chime Financial (NASDAQ:CHYM - Get Free Report) last released its earnings results on Wednesday, February 25th. The company reported ($0.12) earnings per share for the quarter, beating the consensus estimate of ($0.20) by $0.08. Chime Financial had a negative net margin of 46.18% and a negative return on equity of 70.90%. The firm had revenue of $596.36 million during the quarter. During the same quarter in the previous year, the firm earned ($0.30) EPS. The firm's revenue for the quarter was up 25.5% on a year-over-year basis. As a group, analysts expect that Chime Financial, Inc. will post 0.15 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. UBS Group lifted their price target on shares of Chime Financial from $24.00 to $27.00 and gave the stock a "neutral" rating in a research note on Thursday, February 26th. Rothschild & Co Redburn upgraded shares of Chime Financial to a "hold" rating in a research note on Monday, January 26th. Texas Capital upgraded shares of Chime Financial to a "strong-buy" rating in a research note on Tuesday, April 14th. The Goldman Sachs Group lifted their price target on shares of Chime Financial from $27.00 to $30.00 and gave the stock a "buy" rating in a research note on Tuesday, January 6th. Finally, BMO Capital Markets assumed coverage on shares of Chime Financial in a research note on Wednesday, April 22nd. They issued an "outperform" rating and a $30.00 price target for the company. Four analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $31.50.

Chime Financial 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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