Chime Financial, Inc. (NASDAQ:CHYM) Receives $32.24 Consensus PT from Brokerages

Chime Financial, Inc. (NASDAQ:CHYM) has been given a consensus recommendation of “Moderate Buy” by the eighteen brokerages that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, five have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $32.2353.

A number of brokerages recently issued reports on CHYM. B. Riley Financial began coverage on shares of Chime Financial in a research report on Thursday, December 11th. They set a “buy” rating and a $35.00 target price on the stock. Piper Sandler cut their price objective on shares of Chime Financial from $35.00 to $30.00 and set an “overweight” rating for the company in a research report on Thursday, November 6th. JPMorgan Chase & Co. reduced their target price on shares of Chime Financial from $40.00 to $34.00 and set an “overweight” rating for the company in a research note on Thursday, November 6th. Wall Street Zen upgraded Chime Financial from a “sell” rating to a “hold” rating in a research note on Sunday. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and issued a $40.00 price target on shares of Chime Financial in a report on Thursday, October 30th.

Insider Transactions at Chime Financial

In other Chime Financial news, Director James Feuille sold 176,168 shares of Chime Financial stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $27.12, for a total transaction of $4,777,676.16. Following the sale, the director directly owned 7,044,936 shares of the company’s stock, valued at approximately $191,058,664.32. The trade was a 2.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Matthew S. Newcomb sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, January 9th. The stock was sold at an average price of $28.01, for a total value of $280,100.00. Following the transaction, the chief financial officer owned 2,240,798 shares of the company’s stock, valued at $62,764,751.98. This trade represents a 0.44% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 256,539 shares of company stock valued at $6,973,943 in the last ninety days.

Institutional Investors Weigh In On Chime Financial

Several large investors have recently made changes to their positions in CHYM. EverSource Wealth Advisors LLC acquired a new position in Chime Financial in the second quarter valued at about $33,000. Scopus Asset Management L.P. bought a new position in shares of Chime Financial in the second quarter valued at approximately $34,000. PNC Financial Services Group Inc. bought a new position in shares of Chime Financial in the fourth quarter valued at approximately $25,000. Daiwa Securities Group Inc. acquired a new position in shares of Chime Financial in the 2nd quarter worth approximately $40,000. Finally, Caitong International Asset Management Co. Ltd grew its position in Chime Financial by 686.0% during 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.

Chime Financial Stock Up 4.8%

Shares of NASDAQ CHYM opened at $20.59 on Friday. Chime Financial has a 12 month low of $16.17 and a 12 month high of $44.94. The company has a market cap of $7.71 billion and a P/E ratio of -2.77. The business’s 50 day moving average is $24.97 and its two-hundred day moving average is $23.53.

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.