Chime Financial (NASDAQ:CHYM) Research Coverage Started at Loop Capital

Loop Capital initiated coverage on shares of Chime Financial (NASDAQ:CHYM) in a report issued on Wednesday, MarketBeat reports. The brokerage issued a buy rating and a $45.00 price target on the stock.

Several other research analysts also recently weighed in on the company. Weiss Ratings upgraded Chime Financial from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, September 3rd. Canaccord Genuity Group boosted their price objective on Chime Financial from $45.00 to $50.00 and gave the company a “buy” rating in a research note on Wednesday. Wells Fargo & Company upped their price objective on shares of Chime Financial from $33.00 to $39.00 and gave the company an “overweight” rating in a report on Tuesday, August 25th. KeyCorp increased their target price on shares of Chime Financial from $33.00 to $40.00 and gave the stock an “overweight” rating in a research report on Wednesday. Finally, Wall Street Zen upgraded shares of Chime Financial from a “hold” rating to a “buy” rating in a research note on Saturday, July 25th. Four investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $35.00.

Chime Financial Trading Up 1.0%

Chime Financial stock opened at $33.00 on Wednesday. The business’s 50 day simple moving average is $27.73 and its 200 day simple moving average is $22.50. Chime Financial has a 12 month low of $15.88 and a 12 month high of $35.55. The company has a market cap of $12.49 billion, a price-to-earnings ratio of -471.36 and a beta of 0.60.

Chime Financial (NASDAQ:CHYM) last released its earnings results on Wednesday, August 5th. The company reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.08. The business had revenue of $669.77 million during the quarter. Chime Financial had a negative return on equity of 1.28% and a negative net margin of 0.74%.The business’s quarterly revenue was up 26.8% compared to the same quarter last year. During the same period in the prior year, the business earned ($7.29) earnings per share. As a group, equities research analysts forecast that Chime Financial will post 0.44 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Ryan A. King sold 375,000 shares of the company’s stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $30.27, for a total transaction of $11,351,250.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Global Advisors Ltd Dst sold 4,456,157 shares of the stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $32.66, for a total transaction of $145,538,087.62. Following the completion of the sale, the insider directly owned 405,663 shares in the company, valued at approximately $13,248,953.58. The trade was a 91.66% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 14,001,346 shares of company stock valued at $455,248,155. 12.30% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Chime Financial

Several hedge funds have recently bought and sold shares of the company. JPMorgan Chase & Co. bought a new stake in Chime Financial during the 2nd quarter worth approximately $693,000. Legal & General Group Plc bought a new position in Chime Financial in the 2nd quarter valued at $136,000. Russell Investments Group Ltd. bought a new position in Chime Financial in the 2nd quarter valued at $958,000. EverSource Wealth Advisors LLC bought a new position in Chime Financial in the 2nd quarter valued at $33,000. Finally, Marshall Wace LLP purchased a new position in shares of Chime Financial during the 2nd quarter valued at $9,087,000.

More Chime Financial News

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

• Positive Sentiment: Chime agreed to acquire Stride Bank, its longtime banking partner, for approximately $590 million in cash. Owning a nationally chartered bank could reduce partner fees and funding costs, improve control over lending and compliance, and generate more than $100 million in annual savings. The transaction is expected to be accretive to earnings after its anticipated first-half 2027 closing. Stride Bank acquisition article
• Positive Sentiment: Management raised its outlook, projecting third-quarter revenue of approximately $705 million and full-year 2026 revenue of $2.76 billion to $2.77 billion. Full-year adjusted EBITDA guidance increased to $481 million-$489 million, supporting the investment case.
• Positive Sentiment: Analyst sentiment strengthened. KeyCorp raised its price target to $40, Scotiabank to $42, and Loop Capital initiated coverage with a Buy rating and a $45 target. Other firms, including Morgan Stanley, Piper Sandler and UBS, also reportedly increased targets, while Zacks added CHYM to its Strong Buy momentum list. KeyCorp price target article
• Neutral Sentiment: The Stride transaction requires regulatory approval and will expose Chime to bank capital requirements, federal oversight and integration risks. Investors will also monitor whether the bank remains below the $10 billion asset threshold, which affects debit-card interchange economics.
• Negative Sentiment: Valuation appears stretched after an approximately 86% three-month rally and a move close to the 52-week high. UBS maintained a Neutral rating despite raising its target to $31, indicating some analysts see limited upside at elevated levels.
• Negative Sentiment: Insiders continued to sell shares. Major shareholder Global Advisors Ltd Dst sold 59,630 shares for about $2.09 million, while Ryan King sold 42,421 shares for approximately $1.49 million. Chief Accounting Officer Amine Asmerom also sold 19,505 shares for about $642,000. The executive sales were conducted under pre-arranged Rule 10b5-1 plans, reducing their significance as discretionary bearish signals.

About Chime Financial

Chime Financial, Inc is a financial technology company that operates a digital banking platform in the United States. Chime provides consumer-focused banking services through its mobile application and website, offering checking and savings accounts, debit cards, direct-deposit services and tools designed to help customers manage their everyday finances. Chime is not a traditional bank; its banking services are provided through partner financial institutions.

The company’s products include a Visa debit card, fee-free overdraft protection through SpotMe for eligible members, early access to qualifying direct deposits, savings features and credit-building products.