Scotiabank Issues Positive Forecast for Chime Financial (NASDAQ:CHYM) Stock Price

Chime Financial (NASDAQ:CHYM) had its price objective increased by research analysts at Scotiabank from $42.00 to $44.00 in a note issued to investors on Thursday, Benzinga reports. The firm currently has a “sector outperform” rating on the stock. Scotiabank‘s target price points to a potential upside of 47.14% from the company’s current price.

A number of other analysts have also weighed in on CHYM. Barclays upped their target price on Chime Financial from $33.00 to $40.00 and gave the stock an “overweight” rating in a report on Wednesday, September 9th. Wall Street Zen raised Chime Financial from a “hold” rating to a “buy” rating in a research report on Saturday, July 25th. Loop Capital initiated coverage on Chime Financial in a research note on Wednesday, September 9th. They set a “buy” rating and a $45.00 price objective for the company. Piper Sandler raised their price objective on Chime Financial from $35.00 to $40.00 and gave the company an “overweight” rating in a research report on Wednesday, September 9th. Finally, Wolfe Research lifted their target price on Chime Financial from $32.00 to $38.00 and gave the company an “outperform” rating in a research note on Tuesday, August 25th. Three research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Chime Financial has an average rating of “Buy” and an average target price of $39.00.

Chime Financial Stock Up 0.1%

NASDAQ:CHYM traded up $0.03 during midday trading on Thursday, hitting $29.90. The stock had a trading volume of 5,761,531 shares, compared to its average volume of 5,325,123. The company has a market capitalization of $11.32 billion, a price-to-earnings ratio of -429.20 and a beta of 0.74. Chime Financial has a one year low of $15.88 and a one year high of $35.55. The stock has a 50-day moving average of $30.04 and a 200 day moving average of $23.85.

Chime Financial (NASDAQ:CHYM) last released its quarterly earnings data on Wednesday, November 4th. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.02. Chime Financial had a negative return on equity of 1.28% and a negative net margin of 0.74%. The firm had revenue of $718.00 million during the quarter. During the same quarter in the previous year, the firm earned ($0.15) earnings per share. The business’s revenue was up 32.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Chime Financial will post 0.46 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Cynthia Marshall sold 20,000 shares of Chime Financial stock in a transaction on Friday, September 11th. The shares were sold at an average price of $33.09, for a total value of $661,800.00. Following the sale, the director owned 28,548 shares of the company’s stock, valued at approximately $944,653.32. This trade represents a 41.20% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Ryan A. King sold 11,318 shares of Chime Financial stock in a transaction dated Tuesday, October 20th. The shares were sold at an average price of $31.03, for a total transaction of $351,197.54. Following the completion of the sale, the insider owned 37,812 shares in the company, valued at approximately $1,173,306.36. This trade represents a 23.04% decrease in their position. 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 sold 16,432,912 shares of company stock valued at $541,335,425 in the last 90 days. 12.30% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Chime Financial

A number of hedge funds have recently modified their holdings of CHYM. Spyglass Capital Management LLC boosted its holdings in shares of Chime Financial by 162.6% during the 2nd quarter. Spyglass Capital Management LLC now owns 3,406,249 shares of the company’s stock worth $69,760,000 after purchasing an additional 2,109,057 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of Chime Financial by 2,720.3% during the first quarter. Arrowstreet Capital Limited Partnership now owns 2,756,555 shares of the company’s stock valued at $51,630,000 after acquiring an additional 2,658,816 shares during the last quarter. Light Street Capital Management LLC increased its holdings in Chime Financial by 5.8% in the 2nd quarter. Light Street Capital Management LLC now owns 2,199,089 shares of the company’s stock valued at $45,037,000 after purchasing an additional 121,474 shares during the last quarter. Lunate Capital Ltd purchased a new stake in Chime Financial in the third quarter valued at approximately $48,212,000. Finally, Atreides Management LP lifted its stake in Chime Financial by 7.9% during the first quarter. Atreides Management LP now owns 1,622,734 shares of the company’s stock worth $30,394,000 after purchasing an additional 118,946 shares in the last quarter.

More Chime Financial News

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

• Positive Sentiment: Chime reported Q3 revenue of $718 million, up 32.1% year over year, and earnings that exceeded analysts’ expectations. Coverage also highlighted a surge in lending and the company’s third consecutive GAAP-profitable quarter, signaling improving scale and profitability. Reuters: Chime raises annual revenue forecast on robust demand Q3 earnings and lending coverage
• Positive Sentiment: Management forecast Q4 revenue of $757 million to $767 million and raised its annual revenue outlook, citing robust customer demand. Better guidance can reinforce expectations for continued growth. Chime Q4 revenue forecast
• Positive Sentiment: Goldman Sachs raised its price target from $38 to $43 and reiterated a Buy rating, indicating greater analyst optimism about CHYM’s prospects. Goldman Sachs stock recommendations
• Neutral Sentiment: Chime expects its Stride transaction to close in the first half of 2027. The deal may support future growth, but its impact will depend on closing and execution. Stride deal timing and Q4 outlook

Chime Financial Company Profile

Chime Financial, Inc is a financial technology company that provides digital banking services through its Chime platform. The company offers consumer-focused spending, saving and credit products designed to be accessed primarily through mobile applications rather than traditional branch locations.

Chime’s products include spending accounts with debit cards, savings accounts, direct-deposit services, early access to qualifying paychecks, fee-free overdraft protection through SpotMe, and credit-building products.