Chime Financial, Inc. $CHYM Shares Purchased by Greenhouse Funds LLLP

Key Points

• Greenhouse Funds LLLP increased its stake by 210.5%, adding 1,595,078 shares to own 2,352,911 shares of Chime (about 0.63% of the company) valued at roughly $47.46 million and making it the fund's 28th largest holding.
• Company insiders sold 72,111 shares worth about $1.996 million over the last quarter, including General Counsel Adam B. Frankel (4,382 shares at $27.29) and CFO Matthew S. Newcomb (10,000 shares at $28.01).
• Analyst sentiment is broadly positive—MarketBeat lists a "Moderate Buy" consensus with an average price target of $32.28—and Chime recently beat EPS estimates (loss of $0.12 vs. -$0.20) while revenue rose 25.5% year-over-year to $596.4 million.

Greenhouse Funds LLLP increased its stake in shares of Chime Financial, Inc. (NASDAQ:CHYM - Free Report) by 210.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,352,911 shares of the company's stock after buying an additional 1,595,078 shares during the period. Chime Financial comprises 1.7% of Greenhouse Funds LLLP's portfolio, making the stock its 28th largest holding. Greenhouse Funds LLLP owned 0.63% of Chime Financial worth $47,458,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC purchased a new position in Chime Financial in the second quarter valued at about $33,000. Scopus Asset Management L.P. purchased a new stake in shares of Chime Financial during the 2nd quarter worth approximately $34,000. Daiwa Securities Group Inc. acquired a new stake in shares of Chime Financial in the 2nd quarter worth approximately $40,000. Osaic Holdings Inc. acquired a new stake in shares of Chime Financial in the 2nd quarter worth approximately $45,000. Finally, Farther Finance Advisors LLC purchased a new position in Chime Financial in the 3rd quarter valued at approximately $50,000.

Insider Activity

In related news, General Counsel Adam B. Frankel sold 4,382 shares of the company's stock in a transaction that occurred on Thursday, January 8th. The shares were sold at an average price of $27.29, for a total transaction of $119,584.78. Following the transaction, the general counsel owned 209,500 shares of the company's stock, valued at approximately $5,717,255. This represents a 2.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Matthew S. Newcomb sold 10,000 shares of the firm's stock in a transaction that occurred on Friday, January 9th. The stock was sold at an average price of $28.01, for a total transaction of $280,100.00. Following the sale, the chief financial officer owned 2,240,798 shares in the company, valued at approximately $62,764,751.98. This trade represents a 0.44% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 72,111 shares of company stock valued at $1,996,109 over the last quarter.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. B. Riley Financial started coverage on Chime Financial in a report on Thursday, December 11th. They set a "buy" rating and a $35.00 price objective for the company. Wall Street Zen raised Chime Financial from a "hold" rating to a "buy" rating in a report on Saturday, March 7th. The Goldman Sachs Group raised their price target on Chime Financial from $27.00 to $30.00 and gave the company a "buy" rating in a research report on Tuesday, January 6th. Rothschild & Co Redburn raised Chime Financial to a "hold" rating in a research note on Monday, January 26th. Finally, Keefe, Bruyette & Woods upgraded shares of Chime Financial from a "moderate buy" rating to a "strong-buy" rating in a research report on Thursday, February 26th. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $32.28.

Chime Financial Stock Up 2.7%

NASDAQ CHYM opened at $22.92 on Thursday. Chime Financial, Inc. has a fifty-two week low of $16.17 and a fifty-two week high of $44.94. The business has a fifty day moving average of $23.75 and a 200-day moving average of $22.68. The stock has a market cap of $8.59 billion and a price-to-earnings ratio of -3.03.

Chime Financial (NASDAQ:CHYM - Get Free Report) last posted its quarterly earnings data on Wednesday, February 25th. The company reported ($0.12) EPS for the quarter, beating analysts' consensus estimates of ($0.20) by $0.08. Chime Financial had a negative return on equity of 70.90% and a negative net margin of 46.18%.The business had revenue of $596.36 million for the quarter. During the same period in the previous year, the business earned ($0.30) EPS. The firm's revenue was up 25.5% on a year-over-year basis.

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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