Freestone Capital Holdings LLC Buys New Stake in Chime Financial, Inc. $CHYM

Key Points

• Freestone Capital bought a new stake in Chime Financial (NASDAQ:CHYM) of 156,687 shares worth about $3.94 million in the fourth quarter.
• Analysts are generally bullish on CHYM with a consensus rating of “Moderate Buy” and a consensus price target of $31.58, following upgrades and raised targets from firms including KeyCorp, Goldman Sachs and Keefe, Bruyette & Woods.
• Chime recently beat EPS expectations (‑$0.12 vs. ‑$0.20) with revenue of $596.36 million (up 25.5% year‑over‑year) but remains unprofitable with a net margin of ‑46.18% and negative ROE; the stock trades near $21.28 with a market cap of $8.17 billion.

Freestone Capital Holdings LLC bought a new stake in Chime Financial, Inc. (NASDAQ:CHYM - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 156,687 shares of the company's stock, valued at approximately $3,944,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. EverSource Wealth Advisors LLC acquired a new position in Chime Financial in the 2nd quarter valued at $33,000. Scopus Asset Management L.P. acquired a new position in Chime Financial in the 2nd quarter valued at $34,000. Daiwa Securities Group Inc. acquired a new position in Chime Financial in the 2nd quarter valued at $40,000. Osaic Holdings Inc. acquired a new position in Chime Financial in the 2nd quarter valued at $45,000. Finally, Farther Finance Advisors LLC acquired a new stake in Chime Financial in the 3rd quarter worth $50,000.

Analyst Ratings Changes

Several analysts have issued reports on CHYM shares. KeyCorp started coverage on shares of Chime Financial in a research report on Wednesday, March 4th. They issued an "overweight" rating and a $30.00 price target on the stock. Rothschild & Co Redburn upgraded shares of Chime Financial to a "hold" rating in a research report on Monday, January 26th. 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. The Goldman Sachs Group raised their price target on shares of Chime Financial from $27.00 to $30.00 and gave the stock a "buy" rating in a research report on Tuesday, January 6th. Finally, UBS Group raised their price target on shares of Chime Financial from $24.00 to $27.00 and gave the stock a "neutral" rating in a research report on Thursday, February 26th. Two analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Chime Financial has a consensus rating of "Moderate Buy" and a consensus price target of $31.58.

Chime Financial Stock Performance

NASDAQ:CHYM opened at $21.28 on Tuesday. The company has a 50-day moving average of $20.47 and a 200-day moving average of $21.82. The company has a market capitalization of $8.17 billion and a price-to-earnings ratio of -2.81. Chime Financial, Inc. has a 52 week low of $16.17 and a 52 week high of $44.94.

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

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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