Chime Financial (NASDAQ:CHYM) Rating Increased to Strong-Buy at Zacks Research

Chime Financial (NASDAQ:CHYM) was upgraded by investment analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report issued on Tuesday,Zacks.com reports.

Several other research firms have also commented on CHYM. Wall Street Zen upgraded shares of Chime Financial from a “hold” rating to a “buy” rating in a research report on Saturday, July 25th. Weiss Ratings upgraded shares of Chime Financial from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, August 6th. B. Riley Financial lifted their price target on shares of Chime Financial from $35.00 to $37.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Keefe, Bruyette & Woods upped their price target on shares of Chime Financial from $30.00 to $35.00 and gave the company an “outperform” rating in a report on Thursday, August 6th. Finally, Barclays upped their price target on shares of Chime Financial from $26.00 to $33.00 and gave the company an “overweight” rating in a report on Friday, August 7th. Four research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $31.39.

Chime Financial Stock Performance

Shares of Chime Financial stock opened at $33.07 on Tuesday. The stock has a market cap of $12.52 billion, a price-to-earnings ratio of -472.36 and a beta of 0.31. The stock has a 50 day moving average price of $22.78 and a 200-day moving average price of $21.11. Chime Financial has a one year low of $15.88 and a one year high of $33.41.

Chime Financial (NASDAQ:CHYM) last released its earnings results on Wednesday, August 5th. The company reported $0.07 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.08. Chime Financial had a negative return on equity of 1.28% and a negative net margin of 0.74%.The firm had revenue of $669.77 million for the quarter. During the same period in the prior year, the firm posted ($7.29) EPS. The business’s revenue for the quarter was up 26.8% compared to the same quarter last year. Sell-side analysts predict that Chime Financial will post 0.41 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CEO Christopher R. Britt sold 200,000 shares of the business’s stock in a transaction on Thursday, August 6th. The shares were sold at an average price of $29.19, for a total transaction of $5,838,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Matthew S. Newcomb sold 65,000 shares of the business’s stock in a transaction on Thursday, August 6th. The shares were sold at an average price of $30.17, for a total transaction of $1,961,050.00. Following the sale, the chief financial officer directly owned 2,216,070 shares of the company’s stock, valued at $66,858,831.90. This represents a 2.85% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 4,891,471 shares of company stock worth $156,168,157 over the last ninety days. Corporate insiders own 12.30% of the company’s stock.

Institutional Investors Weigh In On Chime Financial

Several large investors have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. bought a new position in Chime Financial in the 4th quarter worth about $25,000. EverSource Wealth Advisors LLC purchased a new position in shares of Chime Financial during the second quarter worth approximately $33,000. Scopus Asset Management L.P. bought a new stake in shares of Chime Financial during the second quarter valued at approximately $34,000. Caitong International Asset Management Co. Ltd raised its stake in shares of Chime Financial by 686.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,462 shares of the company’s stock valued at $37,000 after acquiring an additional 1,276 shares in the last quarter. Finally, Daiwa Securities Group Inc. bought a new stake in shares of Chime Financial during the second quarter valued at approximately $40,000.

Chime Financial News Summary

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

• Positive Sentiment: Higher earnings expectations support momentum. Zacks reported that analysts have been raising their earnings estimates for Chime, a trend that can signal improving confidence in the company’s profitability outlook. CHYM was also added to Zacks’ Rank #1 “Strong Buy” and momentum-stock lists. Earnings Estimates Moving Higher for Chime Financial
• Positive Sentiment: Morgan Stanley raised its price target. The firm increased its target from $33 to $39 and maintained an “overweight” rating, providing a bullish signal as investors assess Chime’s growth potential. Morgan Stanley Chime Financial price-target report
• Positive Sentiment: Recent results showed profitable growth. Chime’s latest quarterly report included adjusted earnings of $0.07 per share, exceeding the $0.01-per-share loss analysts expected, while revenue increased 26.8% year over year to approximately $670 million. The earnings call emphasized continued growth and progress toward profitability. Chime Financial Earnings Call Highlights Profitable Growth
• Neutral Sentiment: Management will appear at an investor conference. CEO and co-founder Chris Britt is scheduled for a fireside chat at the Goldman Sachs Communacopia + Technology Conference on September 9. The webcast could provide additional commentary on growth, customer trends and the profitability roadmap, but the event is several weeks away. Chime to Participate in Goldman Sachs Conference
• Negative Sentiment: A major shareholder has been reducing its position. Global Advisors Ltd. Dst sold more than 524,000 shares at about $32.18 after selling 713,289 shares the prior day and additional large blocks earlier in August. The disposals may create selling pressure or raise concerns about profit-taking near recent highs, although the trades do not necessarily reflect company-specific problems. Chime Financial Major Shareholder Stock Sale

About Chime Financial

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.