UBS Group Issues Pessimistic Forecast for Chime Financial (NASDAQ:CHYM) Stock Price

Chime Financial (NASDAQ:CHYM) had its price objective dropped by analysts at UBS Group from $37.00 to $24.00 in a research report issued on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the stock. UBS Group’s price objective points to a potential upside of 31.51% from the stock’s previous close.

Several other analysts also recently issued reports on the stock. Jefferies Financial Group initiated coverage on shares of Chime Financial in a research report on Monday. They issued a “hold” rating and a $17.00 price target for the company. Williams Trading set a $17.00 target price on shares of Chime Financial in a research report on Monday. Arete started coverage on shares of Chime Financial in a report on Tuesday, September 30th. They issued a “buy” rating and a $34.00 target price on the stock. Keefe, Bruyette & Woods dropped their price target on shares of Chime Financial from $42.00 to $35.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 1st. Finally, The Goldman Sachs Group decreased their price objective on Chime Financial from $35.00 to $25.00 and set a “neutral” rating for the company in a report on Monday, October 13th. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $32.33.

Chime Financial Stock Performance

NASDAQ:CHYM traded down $0.87 during mid-day trading on Thursday, reaching $18.25. 7,566,207 shares of the company’s stock were exchanged, compared to its average volume of 3,111,923. Chime Financial has a one year low of $16.17 and a one year high of $44.94. The business’s fifty day moving average is $21.30.

Chime Financial (NASDAQ:CHYM) last announced its quarterly earnings data on Wednesday, November 5th. The company reported ($0.15) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.25) by $0.10. During the same quarter in the prior year, the firm earned ($0.34) earnings per share. The firm’s revenue for the quarter was up 28.8% compared to the same quarter last year. Chime Financial has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS.

Institutional Investors Weigh In On Chime Financial

Several institutional investors have recently made changes to their positions in the stock. Caprock Group LLC purchased a new position in Chime Financial during the 3rd quarter valued at about $1,649,000. Rhumbline Advisers bought a new stake in shares of Chime Financial during the 3rd quarter valued at about $139,000. Money Concepts Capital Corp purchased a new position in shares of Chime Financial during the third quarter worth about $807,000. State of Wyoming purchased a new position in shares of Chime Financial during the third quarter worth about $130,000. Finally, Federated Hermes Inc. increased its position in shares of Chime Financial by 11.1% in the third quarter. Federated Hermes Inc. now owns 863,700 shares of the company’s stock worth $17,421,000 after purchasing an additional 86,593 shares during the last quarter.

About Chime Financial

Chime is a financial technology company that partners with federally regulated, FDIC-insured banks—The Bancorp Bank, N.A. and Stride Bank, N.A., Members FDIC—to provide consumer banking products and services. The company’s model is designed to eliminate common fees and simplify access to basic financial services.

Chime does not charge overdraft fees, monthly service fees, or require minimum balances.