Chime Financial (NASDAQ:CHYM) Price Target Lowered to $24.00 at UBS Group

Chime Financial (NASDAQ:CHYM) had its target price lowered by UBS Group from $37.00 to $24.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. UBS Group’s target price would suggest a potential upside of 31.51% from the company’s previous close.

A number of other research firms have also recently commented on CHYM. Williams Trading set a $17.00 target price on shares of Chime Financial in a research report on Monday. Canaccord Genuity Group reissued a “buy” rating and set a $40.00 target price on shares of Chime Financial in a research report on Thursday, October 30th. Piper Sandler reduced their target price on shares of Chime Financial from $35.00 to $30.00 and set an “overweight” rating on the stock in a research report on Thursday. William Blair reissued an “outperform” rating on shares of Chime Financial in a research report on Tuesday, September 30th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Chime Financial in a research report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $32.33.

Chime Financial Stock Performance

Shares of CHYM traded down $0.87 during mid-day trading on Thursday, hitting $18.25. The company had a trading volume of 7,566,207 shares, compared to its average volume of 3,111,923. The business has a 50-day moving average of $21.30. Chime Financial has a 1-year low of $16.17 and a 1-year high of $44.94.

Chime Financial (NASDAQ:CHYM) last announced its quarterly earnings results on Wednesday, November 5th. The company reported ($0.15) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.25) by $0.10. Chime Financial’s revenue was up 28.8% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.34) EPS. Chime Financial has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS.

Institutional Investors Weigh In On Chime Financial

A number of large investors have recently bought and sold shares of the business. PFG Investments LLC acquired a new stake in Chime Financial in the 2nd quarter worth $350,000. Hennessy Advisors Inc. bought a new stake in Chime Financial during the 2nd quarter worth approximately $207,000. MADDEN SECURITIES Corp bought a new stake in Chime Financial during the 2nd quarter worth approximately $582,000. Board of Trustees of The Leland Stanford Junior University bought a new position in Chime Financial in the 2nd quarter valued at $1,453,000. Finally, Jennison Associates LLC bought a new position in Chime Financial in the 2nd quarter valued at $3,766,000.

About Chime Financial

Chime is a financial technology company that partners with federally regulated, FDIC-insured banks—The Bancorp Bank, N.A. and Stride Bank, N.A., Members FDIC—to provide consumer banking products and services. The company’s model is designed to eliminate common fees and simplify access to basic financial services.

Chime does not charge overdraft fees, monthly service fees, or require minimum balances.