Chime Financial, Inc. (NASDAQ:CHYM) Receives $32.25 Consensus PT from Analysts

Chime Financial, Inc. (NASDAQ:CHYM) has been given an average rating of “Moderate Buy” by the eighteen research firms that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation, eleven have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $32.25.

Several equities research analysts recently commented on CHYM shares. William Blair restated an “outperform” rating on shares of Chime Financial in a research report on Tuesday, September 30th. Williams Trading set a $17.00 target price on Chime Financial in a report on Monday, November 3rd. The Goldman Sachs Group upgraded Chime Financial from a “neutral” rating to a “buy” rating and lifted their price target for the company from $26.00 to $27.00 in a report on Monday, December 1st. Weiss Ratings reissued a “sell (d-)” rating on shares of Chime Financial in a research note on Wednesday, October 8th. Finally, B. Riley assumed coverage on Chime Financial in a research note on Thursday, December 11th. They set a “buy” rating and a $35.00 target price on the stock.

Chime Financial Stock Down 1.9%

NASDAQ:CHYM opened at $26.33 on Friday. The stock has a fifty day simple moving average of $21.69 and a 200 day simple moving average of $25.36. The firm has a market capitalization of $9.86 billion and a price-to-earnings ratio of -3.54. Chime Financial has a 1-year low of $16.17 and a 1-year high of $44.94.

Chime Financial (NASDAQ:CHYM) last posted its quarterly earnings data on Wednesday, November 5th. The company reported ($0.15) EPS for the quarter, beating analysts’ consensus estimates of ($0.25) by $0.10. The firm had revenue of $543.52 million for the quarter. During the same period in the previous year, the company earned ($0.34) earnings per share. The company’s quarterly revenue was up 28.8% on a year-over-year basis.

Insider Buying and Selling

In other Chime Financial news, Director James Feuille sold 176,168 shares of the company’s stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $27.12, for a total value of $4,777,676.16. Following the transaction, the director owned 7,044,936 shares in the company, valued at approximately $191,058,664.32. This represents a 2.44% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Adam B. Frankel sold 6,760 shares of the stock in a transaction that occurred on Monday, December 8th. The stock was sold at an average price of $23.84, for a total transaction of $161,158.40. Following the completion of the sale, the general counsel owned 244,416 shares of the company’s stock, valued at approximately $5,826,877.44. The trade was a 2.69% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 191,657 shares of company stock worth $5,157,258 over the last ninety days.

Institutional Trading of Chime Financial

Several hedge funds and other institutional investors have recently modified their holdings of CHYM. Davis Selected Advisers purchased a new position in Chime Financial in the third quarter valued at about $48,391,000. Lunate Capital Ltd acquired a new stake in shares of Chime Financial during the 3rd quarter valued at about $36,503,000. Armistice Capital LLC acquired a new stake in shares of Chime Financial during the 3rd quarter valued at about $257,000. Dark Forest Capital Management LP bought a new stake in shares of Chime Financial in the 3rd quarter valued at approximately $1,185,000. Finally, XTX Topco Ltd increased its holdings in Chime Financial by 778.4% in the third quarter. XTX Topco Ltd now owns 116,262 shares of the company’s stock worth $2,345,000 after buying an additional 103,026 shares during the last quarter.

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.