Chime Financial (NASDAQ:CHYM) Raised to “Strong-Buy” at Zacks Research

Chime Financial (NASDAQ:CHYM) was upgraded by investment analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a note issued to investors on Tuesday,Zacks.com reports.

Several other analysts also recently issued reports on the company. The Goldman Sachs Group lifted their target price on Chime Financial from $26.00 to $33.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. BMO Capital Markets increased their price objective on shares of Chime Financial from $28.00 to $32.00 and gave the company an “outperform” rating in a report on Thursday, August 6th. Wall Street Zen upgraded shares of Chime Financial from a “hold” rating to a “buy” rating in a research report on Saturday, July 25th. Morgan Stanley boosted their target price on shares of Chime Financial from $33.00 to $39.00 and gave the stock an “overweight” rating in a report on Tuesday. Finally, UBS Group upped their target price on shares of Chime Financial from $26.00 to $28.00 and gave the stock a “neutral” rating in a research report on Thursday, August 6th. Four equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $31.39.

Chime Financial Stock Performance

Shares of CHYM stock opened at $33.07 on Tuesday. The stock has a fifty day simple moving average of $22.78 and a two-hundred day simple moving average of $21.11. The firm has a market capitalization of $12.52 billion, a PE ratio of -472.36 and a beta of 0.31. Chime Financial has a 52-week low of $15.88 and a 52-week high of $33.41.

Chime Financial (NASDAQ:CHYM) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.07 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.08. The business had revenue of $669.77 million for the quarter. Chime Financial had a negative return on equity of 1.28% and a negative net margin of 0.74%.Chime Financial’s revenue was up 26.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($7.29) earnings per share. On average, sell-side analysts forecast that Chime Financial will post 0.41 EPS for the current fiscal year.

Insider Buying and Selling

In other Chime Financial news, CFO Matthew S. Newcomb sold 65,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 6th. The stock was sold at an average price of $30.17, for a total transaction of $1,961,050.00. Following the completion of the transaction, the chief financial officer owned 2,216,070 shares in the company, valued at $66,858,831.90. This trade represents a 2.85% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Christopher R. Britt sold 150,000 shares of Chime Financial stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $30.16, for a total value of $4,524,000.00. 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 sold 4,891,471 shares of company stock valued at $156,168,157 in the last ninety days. Company insiders own 12.30% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of CHYM. Tiger Global Management LLC raised its stake in Chime Financial by 13.8% during the fourth quarter. Tiger Global Management LLC now owns 14,192,499 shares of the company’s stock valued at $357,225,000 after purchasing an additional 1,721,731 shares in the last quarter. Aspect Management LLC purchased a new position in shares of Chime Financial in the 4th quarter worth $300,361,000. Ashton Thomas Private Wealth LLC purchased a new position in shares of Chime Financial in the 4th quarter worth $129,091,000. Orland Properties Ltd bought a new stake in shares of Chime Financial in the 2nd quarter worth about $159,093,000. Finally, Scge Management L.P. bought a new stake in shares of Chime Financial in the 2nd quarter worth about $152,563,000.

Key Stories Impacting Chime Financial

Here are the key news stories impacting Chime Financial this week:

• Positive Sentiment: Higher earnings expectations support momentum. Zacks reported that analysts have been raising their earnings estimates for Chime, a trend that can signal improving confidence in the company’s profitability outlook. CHYM was also added to Zacks’ Rank #1 “Strong Buy” and momentum-stock lists. Earnings Estimates Moving Higher for Chime Financial
• Positive Sentiment: Morgan Stanley raised its price target. The firm increased its target from $33 to $39 and maintained an “overweight” rating, providing a bullish signal as investors assess Chime’s growth potential. Morgan Stanley Chime Financial price-target report
• Positive Sentiment: Recent results showed profitable growth. Chime’s latest quarterly report included adjusted earnings of $0.07 per share, exceeding the $0.01-per-share loss analysts expected, while revenue increased 26.8% year over year to approximately $670 million. The earnings call emphasized continued growth and progress toward profitability. Chime Financial Earnings Call Highlights Profitable Growth
• Neutral Sentiment: Management will appear at an investor conference. CEO and co-founder Chris Britt is scheduled for a fireside chat at the Goldman Sachs Communacopia + Technology Conference on September 9. The webcast could provide additional commentary on growth, customer trends and the profitability roadmap, but the event is several weeks away. Chime to Participate in Goldman Sachs Conference
• Negative Sentiment: A major shareholder has been reducing its position. Global Advisors Ltd. Dst sold more than 524,000 shares at about $32.18 after selling 713,289 shares the prior day and additional large blocks earlier in August. The disposals may create selling pressure or raise concerns about profit-taking near recent highs, although the trades do not necessarily reflect company-specific problems. Chime Financial Major Shareholder Stock Sale

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.