Chime Financial, Inc. (NASDAQ:CHYM – Get Free Report)’s share price hit a new 52-week low on Thursday . The company traded as low as $26.34 and last traded at $26.57, with a volume of 3711336 shares changing hands. The stock had previously closed at $28.02.
Analyst Ratings Changes
A number of research analysts recently weighed in on CHYM shares. JPMorgan Chase & Co. started coverage on shares of Chime Financial in a research report on Monday, July 7th. They set an “overweight” rating and a $40.00 price objective on the stock. Compass Point assumed coverage on shares of Chime Financial in a research report on Wednesday, July 2nd. They set a “neutral” rating and a $33.00 price objective on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Chime Financial in a research report on Thursday, July 17th. They issued a “hold” rating and a $35.00 price target on the stock. William Blair assumed coverage on shares of Chime Financial in a research report on Monday, July 7th. They issued an “outperform” rating on the stock. Finally, Wall Street Zen upgraded shares of Chime Financial to a “hold” rating in a research report on Saturday, June 21st. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $38.00.
Read Our Latest Research Report on CHYM
Chime Financial Stock Performance
Chime Financial (NASDAQ:CHYM – Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported ($7.29) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($4.85) by ($2.44). The firm had revenue of $528.15 million for the quarter, compared to analysts’ expectations of $503.88 million. Chime Financial’s revenue was up 37.5% compared to the same quarter last year. Chime Financial has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS.
Hedge Funds Weigh In On Chime Financial
Several institutional investors have recently bought and sold shares of the business. Galileo PTC Ltd bought a new position in Chime Financial during the second quarter valued at $1,803,793,000. ICONIQ Capital LLC bought a new position in Chime Financial during the second quarter valued at $518,844,000. Dragoneer Investment Group LLC bought a new position in Chime Financial during the second quarter valued at $295,022,000. Orland Properties Ltd bought a new position in Chime Financial during the second quarter valued at $159,093,000. Finally, Scge Management L.P. bought a new position in Chime Financial during the second quarter valued at $152,563,000.
Chime Financial Company Profile
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.
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