Chime Financial (NASDAQ:CHYM) Stock Crosses Above Fifty Day Moving Average – What’s Next?

Chime Financial, Inc. (NASDAQ:CHYM) crossed above its fifty day moving average during trading on Thursday. The stock has a fifty day moving average of $29.98 and traded as high as $32.19. Chime Financial shares last traded at $30.18, with a volume of 8,299,697 shares.

Chime Financial News Summary

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

• Positive Sentiment: Q3 results beat estimates: Chime reported earnings of $0.11 per share, above the $0.09 consensus estimate, while revenue rose 32.1% year over year to $718 million. Coverage also described this as the company’s third consecutive GAAP-profitable quarter. Article: Chime Financial Surpasses Q3 Earnings and Revenue Estimates
• Positive Sentiment: Stronger revenue outlook: Chime raised its annual revenue forecast, citing robust demand, and projected fourth-quarter revenue of $757 million to $767 million. The improved outlook signals continued business momentum. Article: Chime Raises Annual Revenue Forecast on Robust Demand
• Positive Sentiment: Analysts raised price targets: JPMorgan lifted its target to $40 and maintained an overweight rating; Goldman Sachs raised its target to $43 with a buy rating; Scotiabank raised its target to $44 with a sector-outperform rating; and UBS increased its target to $34 while keeping a neutral rating. The revisions reflect improved analyst expectations, though UBS remains cautious. JPMorgan analyst recommendations
• Neutral Sentiment: Stride deal timing: Chime is targeting completion of its Stride transaction in the first half of 2027. The longer timeline leaves execution and closing risks ahead. Article: Chime Forecasts Q4 Revenue and Targets Stride Close

Analysts Set New Price Targets

Several brokerages have recently commented on CHYM. KeyCorp boosted their target price on Chime Financial from $33.00 to $40.00 and gave the stock an “overweight” rating in a report on Wednesday, September 9th. Barclays increased their price target on Chime Financial from $33.00 to $40.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 9th. Rothschild & Co Redburn raised Chime Financial from a “hold” rating to a “buy” rating and set a $46.00 price target for the company in a report on Monday, September 14th. Raymond James Financial set a $35.00 price objective on Chime Financial in a research report on Thursday, October 8th. Finally, JPMorgan Chase & Co. lifted their price objective on Chime Financial from $35.00 to $40.00 and gave the company an “overweight” rating in a research report on Thursday. Three investment analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Chime Financial presently has a consensus rating of “Moderate Buy” and an average target price of $39.47.

Chime Financial Trading Up 1.0%

The company has a 50 day moving average price of $29.98 and a 200 day moving average price of $23.87. The company has a market capitalization of $11.43 billion, a price-to-earnings ratio of 158.85 and a beta of 0.74.

Chime Financial (NASDAQ:CHYM) last issued its quarterly earnings results on Wednesday, November 4th. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.02. Chime Financial had a return on equity of 6.87% and a net margin of 3.05%. The business had revenue of $718.00 million for the quarter. During the same period last year, the company earned ($0.15) EPS. The company’s revenue was up 32.1% compared to the same quarter last year. Equities analysts predict that Chime Financial, Inc. will post 0.46 earnings per share for the current year.

Insider Transactions at Chime Financial

In other Chime Financial news, Director Cynthia Marshall sold 20,000 shares of the business’s stock in a transaction dated Friday, September 11th. The stock was sold at an average price of $33.09, for a total transaction of $661,800.00. Following the completion of the sale, the director directly owned 28,548 shares of the company’s stock, valued at approximately $944,653.32. The trade was a 41.20% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, General Counsel Adam Frankel sold 102,002 shares of the business’s stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $33.31, for a total value of $3,397,686.62. Following the sale, the general counsel directly owned 364,828 shares of the company’s stock, valued at $12,152,420.68. This represents a 21.85% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 16,432,912 shares of company stock valued at $541,335,425. 12.30% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Chime Financial

A number of institutional investors and hedge funds have recently modified their holdings of CHYM. Fifth Third Bancorp lifted its holdings in Chime Financial by 129.6% in the third quarter. Fifth Third Bancorp now owns 80,077 shares of the company’s stock valued at $2,133,000 after buying an additional 45,194 shares during the period. Jefferies Financial Group Inc. boosted its stake in Chime Financial by 1,355.0% in the third quarter. Jefferies Financial Group Inc. now owns 655,280 shares of the company’s stock valued at $17,457,000 after acquiring an additional 610,244 shares during the last quarter. Machina Capital S.A.S. bought a new position in Chime Financial in the third quarter valued at approximately $816,000. Lunate Capital Ltd bought a new position in Chime Financial in the third quarter valued at approximately $48,212,000. Finally, Lido Advisors LLC acquired a new stake in Chime Financial during the 3rd quarter worth $201,000.

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.