Chime Financial (NASDAQ:CHYM – Get Free Report) had its price objective hoisted by equities research analysts at Barclays from $33.00 to $40.00 in a research report issued on Wednesday, Benzinga reports. The firm presently has an “overweight” rating on the stock. Barclays‘s price objective points to a potential upside of 23.80% from the company’s previous close.
Other equities analysts have also issued research reports about the company. Wells Fargo & Company lifted their price objective on Chime Financial from $33.00 to $39.00 and gave the company an “overweight” rating in a research note on Tuesday, August 25th. Wolfe Research lifted their price target on Chime Financial from $32.00 to $38.00 and gave the company an “outperform” rating in a research report on Tuesday, August 25th. B. Riley Financial upped their price objective on Chime Financial from $35.00 to $37.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. KeyCorp upped their price objective on shares of Chime Financial from $33.00 to $40.00 and gave the stock an “overweight” rating in a research report on Wednesday. Finally, Weiss Ratings upgraded Chime Financial from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, September 3rd. Four analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $33.89.
Read Our Latest Stock Analysis on Chime Financial
Chime Financial Stock Down 4.3%
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 (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.08. Chime Financial had a negative net margin of 0.74% and a negative return on equity of 1.28%. The company had revenue of $669.77 million during the quarter. During the same period in the prior year, the business posted ($7.29) earnings per share. The business’s quarterly revenue was up 26.8% compared to the same quarter last year. As a group, research analysts expect that Chime Financial will post 0.43 earnings per share for the current year.
Insiders Place Their Bets
In other Chime Financial news, insider Ryan King sold 375,000 shares of the company’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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 firm’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 sale, the insider directly owned 405,663 shares of the company’s stock, valued at $13,248,953.58. This trade represents a 91.66% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 13,879,790 shares of company stock worth $451,025,723 in the last three months. 12.30% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On Chime Financial
Several hedge funds and other institutional investors have recently added to or reduced their stakes in CHYM. EverSource Wealth Advisors LLC acquired a new position in shares of Chime Financial in the 2nd quarter valued at $33,000. Scopus Asset Management L.P. purchased a new position in Chime Financial during the second quarter worth about $34,000. PNC Financial Services Group Inc. acquired a new stake in shares of Chime Financial during the fourth quarter valued at about $25,000. Daiwa Securities Group Inc. purchased a new stake in shares of Chime Financial in the 2nd quarter valued at approximately $40,000. Finally, Caitong International Asset Management Co. Ltd lifted its holdings 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 worth $37,000 after acquiring an additional 1,276 shares during the last quarter.
Key Chime Financial News
Here are the key news stories impacting Chime Financial this week:
- Positive Sentiment: Acquisition of Stride Bank: Chime agreed to acquire nationally chartered Stride Bank for $590 million in cash. Stride has been Chime’s banking partner for more than seven years, and the transaction would make it a wholly owned subsidiary renamed Chime Bank, N.A. The deal could give Chime greater control over deposits, lending, compliance and product development. Chime Announces Agreement to Acquire Stride Bank
- Positive Sentiment: Higher 2026 outlook: Chime raised its full-year 2026 revenue guidance to as much as $2.77 billion, signaling continued confidence in customer growth, transaction activity and lending expansion. Management also expects more than $100 million in potential net synergies from the Stride transaction. Chime Financial to Buy Stride in $590M Cash Deal, Raises Earnings Guidance
- Positive Sentiment: Improving operating momentum: Recent coverage highlights Chime’s stronger-than-expected second-quarter growth and a significant year-over-year expansion in EBITDA margin, reinforcing the case that the fintech is moving toward more durable profitability. Why Chime Financial Rallied in August
- Neutral Sentiment: Market momentum: Analysts and financial media continue to characterize CHYM as a momentum stock, with interest also linked to broader institutional adoption of crypto and stablecoins. These themes may support demand for the shares but do not materially change Chime’s near-term fundamentals. Why Chime Financial Is a Momentum Pick
- Negative Sentiment: Deal and valuation risks: Chime must spend $590 million in cash and still faces regulatory approval, integration and execution risks. With shares near their 12-month high and the company’s trailing earnings still negative, investors may take profits or demand evidence that the acquisition produces the projected synergies.
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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