Piper Sandler Cuts Chime Financial (NASDAQ:CHYM) Price Target to $30.00

Chime Financial (NASDAQ:CHYM) had its target price reduced by equities research analysts at Piper Sandler from $35.00 to $30.00 in a note issued to investors on Thursday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Piper Sandler’s price objective would suggest a potential upside of 66.11% from the stock’s current price.

CHYM has been the topic of several other research reports. Jefferies Financial Group assumed coverage on Chime Financial in a report on Monday. They issued a “hold” rating and a $17.00 target price on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on Chime Financial in a research note on Thursday, July 17th. They set a “hold” rating and a $35.00 price objective on the stock. Canaccord Genuity Group reaffirmed a “buy” rating and set a $40.00 price objective on shares of Chime Financial in a research note on Thursday, October 30th. Arete Research raised Chime Financial to a “strong-buy” rating in a research note on Tuesday, September 30th. Finally, Williams Trading set a $17.00 price target on Chime Financial in a research note on Monday. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $33.20.

Chime Financial Stock Performance

NASDAQ:CHYM traded down $1.06 during trading hours on Thursday, hitting $18.06. The company’s stock had a trading volume of 5,534,504 shares, compared to its average volume of 3,075,954. The company has a 50-day moving average price of $21.30. Chime Financial has a 52-week low of $16.17 and a 52-week high of $44.94.

Chime Financial (NASDAQ:CHYM) last posted its earnings results on Wednesday, November 5th. The company reported ($0.15) earnings per share for the quarter, beating the consensus estimate of ($0.25) by $0.10. The firm’s quarterly revenue was up 28.8% on a year-over-year basis. During the same period last year, the business posted ($0.34) earnings per share. Chime Financial has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS.

Institutional Investors Weigh In On Chime Financial

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Galileo PTC Ltd purchased a new stake in Chime Financial during the 2nd quarter worth approximately $1,803,793,000. ICONIQ Capital LLC acquired a new position in shares of Chime Financial in the 2nd quarter worth approximately $518,844,000. Dragoneer Investment Group LLC acquired a new position in shares of Chime Financial in the 2nd quarter worth approximately $295,022,000. Orland Properties Ltd acquired a new position in shares of Chime Financial in the 2nd quarter worth approximately $159,093,000. Finally, Scge Management L.P. acquired a new position in shares of Chime Financial in the 2nd quarter worth approximately $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.