Chime Financial (NASDAQ:CHYM – Get Free Report) had its target price hoisted by analysts at Piper Sandler from $30.00 to $35.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Piper Sandler’s price target indicates a potential upside of 5.82% from the stock’s previous close.
Several other research analysts also recently issued reports on the stock. Freedom Capital upgraded shares of Chime Financial to a “strong-buy” rating in a report on Thursday, July 23rd. Texas Capital raised Chime Financial to a “strong-buy” rating in a report on Tuesday, April 14th. Wall Street Zen upgraded Chime Financial from a “hold” rating to a “buy” rating in a research report on Saturday, July 25th. Barclays began coverage on shares of Chime Financial in a report on Wednesday, July 8th. They set an “overweight” rating and a $26.00 price target on the stock. Finally, Wolfe Research restated an “outperform” rating and set a $32.00 price target on shares of Chime Financial in a report on Thursday. Four analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $30.18.
Check Out Our Latest Stock Report on Chime Financial
Chime Financial Trading Up 27.6%
Chime Financial (NASDAQ:CHYM – Get Free Report) last issued its earnings results on Wednesday, August 5th. The company reported $0.07 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.08. Chime Financial had a negative return on equity of 67.86% and a negative net margin of 41.87%.The firm had revenue of $669.77 million during the quarter. During the same period in the previous year, the firm posted ($7.29) EPS. The firm’s revenue was up 26.8% compared to the same quarter last year. As a group, analysts predict that Chime Financial will post 0.3 earnings per share for the current year.
Insider Buying and Selling
In other Chime Financial news, General Counsel Adam B. Frankel sold 3,000 shares of the firm’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $17.50, for a total value of $52,500.00. Following the completion of the sale, the general counsel directly owned 303,795 shares of the company’s stock, valued at $5,316,412.50. This trade represents a 0.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CAO Amine Asmerom sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $25.00, for a total transaction of $250,000.00. Following the sale, the chief accounting officer owned 226,946 shares in the company, valued at $5,673,650. The trade was a 4.22% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 16,000 shares of company stock worth $356,500 in the last ninety days. 12.30% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in CHYM. Handelsbanken Fonder AB purchased a new position in Chime Financial during the 2nd quarter valued at $1,358,000. Affinity Capital Advisors LLC bought a new position in shares of Chime Financial in the 2nd quarter worth approximately $325,000. AMS Capital Ltda purchased a new position in shares of Chime Financial in the 1st quarter valued at approximately $3,439,000. NewEdge Advisors LLC lifted its stake in shares of Chime Financial by 61.8% in the 1st quarter. NewEdge Advisors LLC now owns 28,780 shares of the company’s stock valued at $539,000 after purchasing an additional 10,997 shares during the period. Finally, CTC Alternative Strategies Ltd. bought a new stake in shares of Chime Financial during the first quarter valued at approximately $798,000.
Chime Financial News Summary
Here are the key news stories impacting Chime Financial this week:
- Positive Sentiment: Chime reported second-quarter EPS of $0.07, versus the consensus estimate of a $0.01 loss. Revenue increased 26.8% year over year to $669.77 million, while management said margins expanded and the company achieved a second consecutive quarter of GAAP profitability. Chime Reports Second Quarter 2026 Financial Results
- Positive Sentiment: Chime forecast third-quarter revenue of $680 million to $690 million, above the $669.5 million analyst consensus. The company also raised its 2026 revenue outlook to approximately $2.725 billion-$2.745 billion, citing demand for digital banking products, Chime Prime, liquidity products and employer partnerships. Chime 2026 Revenue Forecast and Workforce Reduction
- Positive Sentiment: Analysts raised their targets following the results: B. Riley lifted its target to $37 with a “buy” rating, Keefe, Bruyette & Woods raised its target to $35 with an “outperform” rating, Goldman Sachs increased its target to $33 with a “buy” rating, and BMO raised its target to $32 while maintaining “outperform.”
- Neutral Sentiment: Chime said CFO Matt Newcomb will step down, creating a leadership transition investors will monitor. Chime Revenue Forecast and CFO Departure
- Negative Sentiment: The company plans to reduce its workforce by approximately 10%. While the move could lower expenses and support margins, it may also signal a more cautious approach to growth and creates execution risk.
- Neutral Sentiment: CAO Amine Asmerom sold 10,000 shares under a pre-arranged Rule 10b5-1 plan. The planned nature of the transaction limits its bearish significance.
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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