Chime Financial, Inc. (NASDAQ:CHYM) Receives $32.44 Average PT from Analysts

Chime Financial, Inc. (NASDAQ:CHYM) has been given a consensus rating of “Moderate Buy” by the seventeen ratings firms that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $32.4375.

Several research firms have weighed in on CHYM. Jefferies Financial Group initiated coverage on shares of Chime Financial in a research report on Monday, November 3rd. They set a “hold” rating and a $17.00 price objective on the stock. Arete Research raised Chime Financial to a “strong-buy” rating in a research report on Tuesday, September 30th. Canaccord Genuity Group reissued a “buy” rating and set a $40.00 price target on shares of Chime Financial in a research report on Thursday, October 30th. UBS Group decreased their price objective on Chime Financial from $37.00 to $24.00 and set a “neutral” rating for the company in a research report on Thursday, November 6th. Finally, William Blair reaffirmed an “outperform” rating on shares of Chime Financial in a research note on Tuesday, September 30th.

Chime Financial Stock Up 2.4%

NASDAQ:CHYM opened at $27.00 on Tuesday. The stock has a fifty day simple moving average of $24.36 and a 200 day simple moving average of $24.89. The firm has a market capitalization of $10.11 billion and a price-to-earnings ratio of -3.63. 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. The company’s quarterly revenue was up 28.8% on a year-over-year basis. During the same period in the previous year, the company earned ($0.34) earnings per share.

Insider Activity at Chime Financial

In other Chime Financial news, General Counsel Adam B. Frankel sold 6,760 shares of the company’s stock in a transaction that occurred on Monday, December 8th. The shares were sold at an average price of $23.84, for a total value of $161,158.40. Following the transaction, the general counsel owned 244,416 shares in the company, valued at approximately $5,826,877.44. This represents a 2.69% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Christopher R. Britt sold 50,000 shares of Chime Financial stock in a transaction on Friday, January 9th. The shares were sold at an average price of $28.06, for a total transaction of $1,403,000.00. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 256,539 shares of company stock worth $6,973,943 in the last 90 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of CHYM. EverSource Wealth Advisors LLC acquired a new stake in shares of Chime Financial during the 2nd quarter valued at about $33,000. Scopus Asset Management L.P. bought a new position in Chime Financial during the second quarter valued at approximately $34,000. Daiwa Securities Group Inc. bought a new position in Chime Financial during the second quarter valued at approximately $40,000. Osaic Holdings Inc. acquired a new stake in Chime Financial in the second quarter valued at approximately $45,000. Finally, Farther Finance Advisors LLC acquired a new position in shares of Chime Financial during the 3rd quarter worth $50,000.

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.