Chime Financial (NASDAQ:CHYM – Free Report) had its target price hoisted by Morgan Stanley from $39.00 to $40.00 in a research report report published on Wednesday morning,Benzinga reports. Morgan Stanley currently has an overweight rating on the stock.
Several other equities research analysts also recently commented on the company. Wells Fargo & Company boosted their target price on Chime Financial from $33.00 to $39.00 and gave the stock an “overweight” rating in a report on Tuesday, August 25th. Wolfe Research raised their price target on Chime Financial from $32.00 to $38.00 and gave the company an “outperform” rating in a report on Tuesday, August 25th. Zacks Research raised Chime Financial from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 18th. Weiss Ratings upgraded shares of Chime Financial from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, September 3rd. Finally, B. Riley Financial increased their price objective on shares of Chime Financial from $35.00 to $37.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Four research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $35.00.
Check Out Our Latest Stock Analysis on Chime Financial
Chime Financial Stock Up 1.0%
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, topping the consensus estimate 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 company had revenue of $669.77 million for the quarter. During the same quarter in the previous year, the company earned ($7.29) EPS. The business’s quarterly revenue was up 26.8% on a year-over-year basis. On average, equities analysts anticipate that Chime Financial will post 0.44 EPS for the current year.
Insider Activity at Chime Financial
In other news, insider Ryan A. King sold 375,000 shares of the business’s stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $30.27, for a total value of $11,351,250.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Global Advisors Ltd Dst sold 4,456,157 shares of the business’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $32.66, for a total value of $145,538,087.62. Following the completion of the transaction, the insider owned 405,663 shares of the company’s stock, valued at $13,248,953.58. This represents a 91.66% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 14,001,346 shares of company stock worth $455,248,155 over the last ninety days. 12.30% of the stock is currently owned by insiders.
Institutional Investors Weigh In On Chime Financial
Large investors have recently bought and sold shares of the business. AMS Capital Ltda bought a new position in Chime Financial during the first quarter valued at approximately $3,439,000. Arrowstreet Capital Limited Partnership boosted its holdings in Chime Financial by 2,720.3% in the first quarter. Arrowstreet Capital Limited Partnership now owns 2,756,555 shares of the company’s stock worth $51,630,000 after purchasing an additional 2,658,816 shares during the last quarter. Hsbc Holdings PLC bought a new stake in Chime Financial in the 4th quarter worth approximately $1,274,000. Brown University grew its position in Chime Financial by 99.0% in the 1st quarter. Brown University now owns 204,625 shares of the company’s stock worth $3,833,000 after purchasing an additional 101,820 shares during the period. Finally, Bank of America Corp DE raised its stake in Chime Financial by 115.0% during the 1st quarter. Bank of America Corp DE now owns 319,579 shares of the company’s stock valued at $5,986,000 after buying an additional 170,941 shares during the last quarter.
Key Stories Impacting Chime Financial
Here are the key news stories impacting Chime Financial this week:
- Positive Sentiment: Chime agreed to acquire Stride Bank, its longtime banking partner, for approximately $590 million in cash. Owning a nationally chartered bank could reduce partner fees and funding costs, improve control over lending and compliance, and generate more than $100 million in annual savings. The transaction is expected to be accretive to earnings after its anticipated first-half 2027 closing. Stride Bank acquisition article
- Positive Sentiment: Management raised its outlook, projecting third-quarter revenue of approximately $705 million and full-year 2026 revenue of $2.76 billion to $2.77 billion. Full-year adjusted EBITDA guidance increased to $481 million-$489 million, supporting the investment case.
- Positive Sentiment: Analyst sentiment strengthened. KeyCorp raised its price target to $40, Scotiabank to $42, and Loop Capital initiated coverage with a Buy rating and a $45 target. Other firms, including Morgan Stanley, Piper Sandler and UBS, also reportedly increased targets, while Zacks added CHYM to its Strong Buy momentum list. KeyCorp price target article
- Neutral Sentiment: The Stride transaction requires regulatory approval and will expose Chime to bank capital requirements, federal oversight and integration risks. Investors will also monitor whether the bank remains below the $10 billion asset threshold, which affects debit-card interchange economics.
- Negative Sentiment: Valuation appears stretched after an approximately 86% three-month rally and a move close to the 52-week high. UBS maintained a Neutral rating despite raising its target to $31, indicating some analysts see limited upside at elevated levels.
- Negative Sentiment: Insiders continued to sell shares. Major shareholder Global Advisors Ltd Dst sold 59,630 shares for about $2.09 million, while Ryan King sold 42,421 shares for approximately $1.49 million. Chief Accounting Officer Amine Asmerom also sold 19,505 shares for about $642,000. The executive sales were conducted under pre-arranged Rule 10b5-1 plans, reducing their significance as discretionary bearish signals.
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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