Chime Financial, Inc. (CHYM) – What Are Analysts Saying About This Stock?

Shares of Chime Financial, Inc. (NASDAQ:CHYM) have earned a consensus recommendation of “Moderate Buy” from the twenty-four analysts that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation, seventeen have issued a buy recommendation and three have given a strong buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $36.38.

Several research firms have commented on CHYM. Weiss Ratings raised shares of Chime Financial from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, September 3rd. KeyCorp lifted their target price on shares of Chime Financial from $33.00 to $40.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 9th. Scotiabank boosted their price target on shares of Chime Financial from $40.00 to $42.00 and gave the company a “sector outperform” rating in a research report on Wednesday, September 9th. Rothschild & Co Redburn raised shares of Chime Financial from a “hold” rating to a “buy” rating and set a $46.00 price target on the stock in a research report on Monday, September 14th. Finally, Zacks Research upgraded shares of Chime Financial from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 18th.

Chime Financial Stock Down 3.4%

Shares of NASDAQ:CHYM opened at $28.55 on Thursday. Chime Financial has a twelve month low of $15.88 and a twelve month high of $35.55. The stock’s 50 day moving average is $30.56 and its 200-day moving average is $23.79.

Chime Financial (NASDAQ:CHYM) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.08. The firm 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% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($7.29) earnings per share. Equities analysts anticipate that Chime Financial will post 0.45 EPS for the current fiscal year.

Insider Activity at Chime Financial

In related news, Director James Feuille sold 256,837 shares of the stock in a transaction dated Wednesday, September 16th. The stock was sold at an average price of $32.33, for a total transaction of $8,303,540.21. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, major shareholder Global Advisors Ltd Dst sold 3,216,189 shares of the firm’s stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $33.99, for a total value of $109,318,264.11. Following the completion of the transaction, the insider owned 336,798 shares of the company’s stock, valued at approximately $11,447,764.02. This represents a 90.52% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 18,889,108 shares of company stock worth $619,627,638 in the last 90 days. 12.30% of the stock is owned by company insiders.

Hedge Funds Weigh In On Chime Financial

Several hedge funds have recently bought and sold shares of the company. Kingswood Wealth Advisors LLC bought a new stake in shares of Chime Financial during the 3rd quarter valued at about $206,000. Citizens Financial Group Inc. RI lifted its position in Chime Financial by 55.4% during the third quarter. Citizens Financial Group Inc. RI now owns 40,903 shares of the company’s stock valued at $1,090,000 after purchasing an additional 14,585 shares during the last quarter. MBL Wealth LLC bought a new stake in Chime Financial during the third quarter valued at approximately $235,000. Root Financial Partners LLC purchased a new position in Chime Financial in the 3rd quarter worth approximately $70,000. Finally, Reyes Financial Architecture Inc. purchased a new position in Chime Financial in the 3rd quarter worth approximately $39,000.

Chime Financial Company Profile

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.