Chime Financial (NASDAQ:CHYM) Research Coverage Started at Monness Crespi & Hardt

Monness Crespi & Hardt initiated coverage on shares of Chime Financial (NASDAQ:CHYM – Free Report) in a research note released on Monday, MarketBeat.com reports. The firm issued a neutral rating on the stock.

Several other equities research analysts also recently weighed in on the stock. The Goldman Sachs Group raised their price target on shares of Chime Financial from $33.00 to $37.00 and gave the company a “buy” rating in a research report on Tuesday, September 15th. Weiss Ratings raised Chime Financial from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, September 3rd. KeyCorp upped their price objective on Chime Financial from $33.00 to $40.00 and gave the company an “overweight” rating in a research report on Wednesday, September 9th. Rothschild & Co Redburn upgraded Chime Financial from a “hold” rating to a “buy” rating and set a $46.00 target price on the stock in a research note on Monday, September 14th. Finally, Loop Capital started coverage on Chime Financial in a report on Wednesday, September 9th. They issued a “buy” rating and a $45.00 target price for the company. Three investment analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $36.38.

Check Out Our Latest Stock Analysis on Chime Financial

Chime Financial Stock Performance

Shares of CHYM stock opened at $28.80 on Monday. The company has a market capitalization of $10.90 billion, a price-to-earnings ratio of -411.37 and a beta of 0.83. Chime Financial has a one year low of $15.88 and a one year high of $35.55. The company’s 50-day moving average is $30.44 and its 200 day moving average is $23.81.

Chime Financial (NASDAQ:CHYM – Get Free Report) last issued its earnings results on Wednesday, August 5th. The company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.08. The business had revenue of $669.77 million during the quarter. Chime Financial had a negative net margin of 0.74% and a negative return on equity of 1.28%. The firm’s quarterly revenue was up 26.8% on a year-over-year basis. During the same period last year, the firm posted ($7.29) earnings per share. As a group, research analysts predict that Chime Financial will post 0.45 earnings per share for the current fiscal year.

Insider Transactions at Chime Financial

In other news, major shareholder Global Advisors Ltd Dst sold 4,456,157 shares of the firm’s stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $32.66, for a total transaction of $145,538,087.62. Following the sale, the insider owned 405,663 shares of the company’s stock, valued at $13,248,953.58. This trade represents a 91.66% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In the last quarter, insiders have sold 18,889,108 shares of company stock worth $619,627,638. 12.30% of the stock is currently owned by corporate insiders.

Institutional Trading of Chime Financial

A number of large investors have recently made changes to their positions in CHYM. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Chime Financial during the third quarter valued at approximately $424,000. Parcion Private Wealth LLC purchased a new stake in Chime Financial in the third quarter worth approximately $389,000. North Dakota State Investment Board purchased a new stake in Chime Financial in the third quarter worth approximately $212,000. Kingswood Wealth Advisors LLC bought a new stake in Chime Financial in the 3rd quarter worth approximately $206,000. Finally, Citizens Financial Group Inc. RI grew its position in Chime Financial by 55.4% in the 3rd quarter. Citizens Financial Group Inc. RI now owns 40,903 shares of the company’s stock worth $1,090,000 after purchasing an additional 14,585 shares during the period.

About Chime Financial

(Get Free Report)

Chime Financial, Inc is a financial technology company that provides digital banking services through its Chime platform. The company offers consumer-focused spending, saving and credit products designed to be accessed primarily through mobile applications rather than traditional branch locations.

Chime’s products include spending accounts with debit cards, savings accounts, direct-deposit services, early access to qualifying paychecks, fee-free overdraft protection through SpotMe, and credit-building products.

Further Reading

Analyst Recommendations for Chime Financial (NASDAQ:CHYM)

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