Global Advisors Ltd Dst Sells 207,513 Shares of Chime Financial (NASDAQ:CHYM) Stock

Key Points

• Global Advisors Ltd Dst sold 207,513 Chime Financial shares at an average price of $33.07, generating approximately $6.86 million. The sale reduced its remaining stake by 36.13% to 366,872 shares, following several other large disposals.
• Chime shares fell 1.1% to $33.61 but remained near their 52-week high of $35.55. The company reported quarterly revenue of $669.77 million, up 26.8% year over year, and earnings of $0.07 per share versus analyst expectations of a loss.
• Analyst sentiment remains broadly positive: Morgan Stanley and KeyCorp raised their price targets to $40, while Rothschild & Co Redburn upgraded the stock to “Buy” with a $46 target. The consensus rating is “Buy,” with an average price target of $36.40.

Chime Financial, Inc. (NASDAQ:CHYM - Get Free Report) major shareholder Global Advisors Ltd Dst sold 207,513 shares of Chime Financial stock in a transaction dated Friday, September 11th. The stock was sold at an average price of $33.07, for a total value of $6,862,454.91. Following the transaction, the insider owned 366,872 shares in the company, valued at approximately $12,132,457.04. This represents a 36.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Major shareholders that own more than 10% of a company's stock are required to disclose their sales and purchases with the SEC.

Global Advisors Ltd Dst also recently made the following trade(s):

• On Wednesday, September 9th, Global Advisors Ltd Dst sold 59,630 shares of Chime Financial stock. The stock was sold at an average price of $35.03, for a total transaction of $2,088,838.90.
• On Wednesday, August 26th, Global Advisors Ltd Dst sold 1,168,667 shares of Chime Financial stock. The shares were sold at an average price of $33.04, for a total transaction of $38,612,757.68.
• On Tuesday, August 25th, Global Advisors Ltd Dst sold 80,914 shares of Chime Financial stock. The shares were sold at an average price of $33.06, for a total transaction of $2,675,016.84.
• On Monday, August 24th, Global Advisors Ltd Dst sold 1,775,044 shares of Chime Financial stock. The stock was sold at an average price of $33.09, for a total value of $58,736,205.96.
• On Friday, August 21st, Global Advisors Ltd Dst sold 473,694 shares of Chime Financial stock. The shares were sold at an average price of $32.71, for a total value of $15,494,530.74.
• On Thursday, August 20th, Global Advisors Ltd Dst sold 383,031 shares of Chime Financial stock. The stock was sold at an average price of $33.02, for a total transaction of $12,647,683.62.
• On Wednesday, August 19th, Global Advisors Ltd Dst sold 4,456,157 shares of Chime Financial stock. The shares were sold at an average price of $32.66, for a total transaction of $145,538,087.62.
• On Tuesday, August 18th, Global Advisors Ltd Dst sold 353,812 shares of Chime Financial stock. The stock was sold at an average price of $32.21, for a total transaction of $11,396,284.52.
• On Friday, August 14th, Global Advisors Ltd Dst sold 524,661 shares of Chime Financial stock. The shares were sold at an average price of $32.18, for a total transaction of $16,883,590.98.
• On Thursday, August 13th, Global Advisors Ltd Dst sold 713,289 shares of Chime Financial stock. The shares were sold at an average price of $32.14, for a total value of $22,925,108.46.

Chime Financial Stock Down 1.1%

Shares of NASDAQ:CHYM traded down $0.36 during trading on Tuesday, hitting $33.61. 10,255,474 shares of the company were exchanged, compared to its average volume of 7,175,722. Chime Financial, Inc. has a fifty-two week low of $15.88 and a fifty-two week high of $35.55. The firm has a fifty day moving average price of $28.23 and a two-hundred day moving average price of $22.71.

Chime Financial (NASDAQ:CHYM - Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.07 earnings per share for the quarter, beating analysts' consensus estimates of ($0.01) by $0.08. Chime Financial had a negative return on equity of 1.28% and a negative net margin of 0.74%.The business had revenue of $669.77 million for the quarter. During the same quarter last year, the company posted ($7.29) EPS. The firm's revenue was up 26.8% on a year-over-year basis. Equities research analysts expect that Chime Financial, Inc. will post 0.43 earnings per share for the current fiscal year.

Analyst Ratings Changes

CHYM has been the topic of several research reports. Morgan Stanley upped their target price on Chime Financial from $39.00 to $40.00 and gave the company an "overweight" rating in a research report on Wednesday, September 9th. KeyCorp lifted their price target on Chime Financial from $33.00 to $40.00 and gave the stock an "overweight" rating in a report on Wednesday, September 9th. Rothschild & Co Redburn upgraded Chime Financial from a "hold" rating to a "buy" rating and set a $46.00 price target for the company in a research note on Monday. Freedom Capital raised Chime Financial to a "strong-buy" rating in a report on Thursday, July 23rd. Finally, Keefe, Bruyette & Woods increased their price objective on Chime Financial from $30.00 to $35.00 and gave the stock an "outperform" rating in a research report on Thursday, August 6th. Four research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $36.40.

Institutional Investors Weigh In On Chime Financial

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Murphy & Mullick Capital Management Corp acquired a new stake in Chime Financial during the first quarter worth approximately $44,000. Leonteq Securities AG acquired a new position in Chime Financial in the 4th quarter valued at $93,000. PNC Financial Services Group Inc. raised its holdings in Chime Financial by 835.7% in the 1st quarter. PNC Financial Services Group Inc. now owns 9,394 shares of the company's stock valued at $176,000 after acquiring an additional 8,390 shares in the last quarter. OMERS ADMINISTRATION Corp bought a new stake in shares of Chime Financial during the 1st quarter valued at $189,000. Finally, Affinity Capital Advisors LLC bought a new stake in shares of Chime Financial during the 2nd quarter valued at $325,000.

Key Headlines Impacting Chime Financial

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

• Positive Sentiment: Goldman Sachs raised its price target: Goldman lifted its target for Chime from $33 to $37 and assigned a “Buy” rating, implying approximately 10% upside from the referenced $33.61 level. The upgrade suggests greater confidence in the fintech company’s growth outlook.
• Positive Sentiment: Consensus target moved higher: The average analyst price target reportedly increased 10.98% to $38.71, reinforcing the broadly positive view of Chime’s shares. Consensus price target article
• Positive Sentiment: Additional bullish calls support the stock: B. Riley raised its price target from $37 to $44 while maintaining a “Buy” rating, and Rothschild & Co Redburn upgraded Chime from “Hold” to “Buy” with a $46 target. These targets imply substantial potential upside from recent trading levels.
• Neutral Sentiment: Momentum is strong but valuation risk remains: Chime is trading well above its 50-day and 200-day moving averages and close to its annual high. Elevated volume indicates strong investor interest, but the sharp rally may also leave the shares vulnerable to volatility or profit-taking.
• Negative Sentiment: Multiple directors sold large positions: Director Shawn T. Carolan sold a combined 579,313 shares for approximately $19.2 million, reducing one reported holding by 99.41%. Director James Feuille sold 351,890 shares worth about $11.6 million, while Director Cynthia Marshall sold 20,000 shares for approximately $661,800. The transactions could weigh on investor sentiment, although insider sales may also reflect diversification or planned transactions. Chime insider trading report

About Chime Financial

Chime Financial, Inc is a financial technology company that operates a digital banking platform in the United States. Chime provides consumer-focused banking services through its mobile application and website, offering checking and savings accounts, debit cards, direct-deposit services and tools designed to help customers manage their everyday finances. Chime is not a traditional bank; its banking services are provided through partner financial institutions.

The company's products include a Visa debit card, fee-free overdraft protection through SpotMe for eligible members, early access to qualifying direct deposits, savings features and credit-building products.

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