Shares of Chime Financial, Inc. (NASDAQ:CHYM – Get Free Report) have been given a consensus rating of “Moderate Buy” by the twenty-one research firms that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, three have given a hold rating, fourteen have assigned a buy rating and three have assigned a strong buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $31.0556.
CHYM has been the subject of a number of research analyst reports. Morgan Stanley lifted their price target on Chime Financial from $31.00 to $33.00 and gave the company an “overweight” rating in a research report on Thursday, August 6th. Piper Sandler raised their target price on shares of Chime Financial from $30.00 to $35.00 and gave the company an “overweight” rating in a research note on Thursday, August 6th. Barclays lifted their target price on shares of Chime Financial from $26.00 to $33.00 and gave the company an “overweight” rating in a research report on Friday. UBS Group increased their price target on shares of Chime Financial from $26.00 to $28.00 and gave the stock a “neutral” rating in a report on Thursday, August 6th. Finally, BMO Capital Markets raised their price objective on shares of Chime Financial from $28.00 to $32.00 and gave the company an “outperform” rating in a research report on Thursday, August 6th.
Read Our Latest Stock Analysis on CHYM
Trending Headlines about Chime Financial
- Positive Sentiment: Analysts raised their price targets for CHYM to $35, $28, and $37, signaling improved expectations for the company’s outlook. Chime Financial Price Target Raised to $35 Chime Financial Price Target Raised to $28 Chime Financial Price Target Raised to $37
- Positive Sentiment: Additional target increases to $32 and $33 reinforce the generally constructive analyst view, though the targets span a wide range. Chime Financial Price Target Raised to $32 Chime Financial Price Target Raised to $33
- Neutral Sentiment: The target range of $28 to $37 suggests analysts remain divided on the appropriate valuation, particularly after the stock’s recent rally.
- Negative Sentiment: Executives sold a combined 800,000 shares: CEO Christopher Britt sold 350,000, insider Ryan King sold 375,000, CFO Matthew Newcomb sold 65,000, and CAO Amine Asmerom sold 10,000. The transactions generated approximately $23.97 million in proceeds. Each executive sale was made under a pre-arranged Rule 10b5-1 plan, reducing—but not eliminating—the bearish signal.
- Negative Sentiment: Major shareholder Global Advisors Ltd. Dst sold 1.80 million shares for approximately $58.6 million, reducing its position by 79.19%. The large secondary selling may create an overhang and raise concerns about near-term supply of shares.
Chime Financial Stock Performance
NASDAQ:CHYM opened at $30.85 on Friday. The firm has a market capitalization of $11.75 billion, a price-to-earnings ratio of -440.65 and a beta of 0.30. Chime Financial has a 52-week low of $15.88 and a 52-week high of $33.41. The stock has a fifty day moving average of $20.76 and a 200 day moving average of $20.83.
Chime Financial (NASDAQ:CHYM – Get Free Report) last posted 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. The business had revenue of $669.77 million during the quarter. Chime Financial had a negative return on equity of 1.28% and a negative net margin of 0.74%.Chime Financial’s quarterly revenue was up 26.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($7.29) earnings per share. Equities analysts forecast that Chime Financial will post 0.34 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other Chime Financial news, major shareholder Global Advisors Ltd Dst sold 1,796,196 shares of Chime Financial stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $32.62, for a total transaction of $58,591,913.52. Following the completion of the sale, the insider owned 471,952 shares of the company’s stock, valued at $15,395,074.24. The trade was a 79.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Ryan A. King sold 375,000 shares of the company’s stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $30.27, for a total value of $11,351,250.00. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 2,612,196 shares of company stock valued at $82,922,714 over the last quarter. Insiders own 12.30% of the company’s stock.
Institutional Trading of Chime Financial
A number of hedge funds have recently bought and sold shares of the company. PNC Financial Services Group Inc. bought a new position in Chime Financial during the fourth quarter valued at approximately $25,000. EverSource Wealth Advisors LLC bought a new stake in shares of Chime Financial in the 2nd quarter worth approximately $33,000. Scopus Asset Management L.P. purchased a new stake in shares of Chime Financial in the 2nd quarter valued at $34,000. Caitong International Asset Management Co. Ltd boosted its stake in shares of Chime Financial by 686.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,462 shares of the company’s stock valued at $37,000 after purchasing an additional 1,276 shares in the last quarter. Finally, Daiwa Securities Group Inc. bought a new position in shares of Chime Financial during the 2nd quarter valued at $40,000.
About Chime Financial
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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