Chime Financial (NASDAQ:CHYM) CAO Amine Asmerom Sells 19,505 Shares

Key Points

• Chime CAO Amine Asmerom sold 19,505 shares at an average price of $32.94, generating approximately $642,495. The transaction was made under a pre-arranged Rule 10b5-1 trading plan, leaving him with 280,975 shares.
• Chime shares rose 6.9% to $34.55 and are near their 52-week high. The company recently reported $669.8 million in quarterly revenue, up 26.8% year over year, and earnings of $0.07 per share, beating expectations.
• Analysts remain broadly positive, with a consensus “Moderate Buy” rating and a $35 target price; several firms raised targets as high as $50 following Chime’s planned $590 million acquisition of Stride Bank and increased 2026 revenue guidance.

Chime Financial, Inc. (NASDAQ:CHYM - Get Free Report) CAO Amine Asmerom sold 19,505 shares of the company's stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $32.94, for a total value of $642,494.70. Following the completion of the sale, the chief accounting officer owned 280,975 shares of the company's stock, valued at $9,255,316.50. This trade represents a 6.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Amine Asmerom also recently made the following trade(s):

• On Thursday, August 6th, Amine Asmerom sold 10,000 shares of Chime Financial stock. The stock was sold at an average price of $30.00, for a total value of $300,000.00.
• On Tuesday, August 4th, Amine Asmerom sold 10,000 shares of Chime Financial stock. The stock was sold at an average price of $25.00, for a total value of $250,000.00.

Chime Financial Stock Up 6.9%

Shares of CHYM traded up $2.24 during midday trading on Wednesday, reaching $34.55. The company had a trading volume of 13,447,091 shares, compared to its average volume of 5,331,342. Chime Financial, Inc. has a 1-year low of $15.88 and a 1-year high of $35.55. The stock has a market cap of $13.08 billion, a PE ratio of -493.50 and a beta of 0.60. The firm has a 50 day simple moving average of $26.98 and a 200-day simple moving average of $22.25.

Chime Financial (NASDAQ:CHYM - Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.07 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.08. Chime Financial had a negative net margin of 0.74% and a negative return on equity of 1.28%. The firm had revenue of $669.77 million for the quarter. During the same period in the previous year, the firm posted ($7.29) EPS. The company's revenue was up 26.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Chime Financial, Inc. will post 0.43 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Chime Financial

A number of institutional investors have recently modified their holdings of the company. EverSource Wealth Advisors LLC purchased a new position in Chime Financial during the 2nd quarter valued at about $33,000. Scopus Asset Management L.P. acquired a new stake in shares of Chime Financial during the second quarter worth about $34,000. PNC Financial Services Group Inc. purchased a new position in shares of Chime Financial in the fourth quarter valued at approximately $25,000. Daiwa Securities Group Inc. purchased a new position in shares of Chime Financial in the second quarter valued at approximately $40,000. Finally, Osaic Holdings Inc. acquired a new position in shares of Chime Financial in the second quarter valued at approximately $45,000.

Wall Street Analyst Weigh In

CHYM has been the topic of several analyst reports. Morgan Stanley lifted their price target on shares of Chime Financial from $39.00 to $40.00 and gave the company an "overweight" rating in a research report on Wednesday. Wolfe Research raised their target price on Chime Financial from $32.00 to $38.00 and gave the stock an "outperform" rating in a research note on Tuesday, August 25th. Loop Capital initiated coverage on Chime Financial in a research report on Wednesday. They issued a "buy" rating and a $45.00 target price on the stock. Wells Fargo & Company increased their price target on Chime Financial from $33.00 to $39.00 and gave the stock an "overweight" rating in a report on Tuesday, August 25th. Finally, Canaccord Genuity Group raised their price objective on Chime Financial from $45.00 to $50.00 and gave the stock a "buy" rating in a research report on Wednesday. Four equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, Chime Financial currently has a consensus rating of "Moderate Buy" and a consensus target price of $35.00.

Chime Financial News Summary

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

• Positive Sentiment: Chime agreed to acquire Stride Bank for $590 million in cash. Stride’s national bank charter would give Chime greater control over deposits, lending and product development; after closing, it is expected to operate as Chime Bank, N.A. Chime Announces Agreement to Acquire Stride Bank
• Positive Sentiment: The deal is expected to produce more than $100 million in net synergies and could improve Chime’s ability to expand its lending business by bringing key banking capabilities in-house. Chime to buy nationally chartered Stride Bank for $590 million
• Positive Sentiment: Chime raised its full-year 2026 revenue guidance to as much as $2.77 billion, reinforcing the bullish reaction to the acquisition. Chime to buy Stride and raise earnings guidance
• Positive Sentiment: Analysts raised targets following the announcement: Canaccord lifted its target to $50, while Barclays, KeyCorp, Morgan Stanley and Piper Sandler each moved to $40 with overweight or buy-equivalent ratings. Loop Capital initiated coverage with a buy rating and a $45 target, and Zacks included CHYM among its top momentum stocks.
• Neutral Sentiment: The stock has approached its 52-week high after a sharp rally, and Investor’s Business Daily noted that shares gave back some early gains, indicating that investors may be taking profits despite the favorable news. Chime wins price-target hikes on Stride deal and raised guidance
• Negative Sentiment: UBS raised its target only to $31 and maintained a neutral rating, implying downside from recent trading levels. Investors must also weigh the $590 million cash outlay, regulatory approval and execution risks.

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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