Analysts Set Chime Financial, Inc. (NASDAQ:CHYM) Target Price at $32.25

Chime Financial, Inc. (NASDAQ:CHYM) has earned a consensus rating of “Moderate Buy” from the eighteen research firms that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $32.25.

Several equities research analysts recently issued reports on the stock. Canaccord Genuity Group reissued a “buy” rating and issued a $40.00 target price on shares of Chime Financial in a research report on Thursday, October 30th. Piper Sandler cut their price target on shares of Chime Financial from $35.00 to $30.00 and set an “overweight” rating on the stock in a research note on Thursday, November 6th. UBS Group decreased their price target on shares of Chime Financial from $37.00 to $24.00 and set a “neutral” rating on the stock in a report on Thursday, November 6th. Weiss Ratings restated a “sell (d-)” rating on shares of Chime Financial in a report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. cut their target price on Chime Financial from $40.00 to $34.00 and set an “overweight” rating on the stock in a research report on Thursday, November 6th.

Insider Activity

In other news, Director James Feuille sold 176,168 shares of Chime Financial stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $27.12, for a total value of $4,777,676.16. Following the transaction, the director directly owned 7,044,936 shares of the company’s stock, valued at $191,058,664.32. The trade was a 2.44% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, General Counsel Adam B. Frankel sold 6,760 shares of the stock in a transaction that occurred on Monday, December 8th. The stock was sold at an average price of $23.84, for a total transaction of $161,158.40. Following the sale, the general counsel directly owned 244,416 shares of the company’s stock, valued at approximately $5,826,877.44. This trade represents a 2.69% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 191,657 shares of company stock worth $5,157,258 over the last ninety days.

Hedge Funds Weigh In On Chime Financial

Hedge funds have recently made changes to their positions in the business. Geode Capital Management LLC purchased a new position in Chime Financial in the second quarter valued at about $9,519,000. Norges Bank acquired a new stake in shares of Chime Financial in the second quarter valued at about $24,157,000. U.S. Capital Wealth Advisors LLC grew its stake in shares of Chime Financial by 1,203.2% in the third quarter. U.S. Capital Wealth Advisors LLC now owns 81,450 shares of the company’s stock valued at $1,643,000 after buying an additional 75,200 shares in the last quarter. Seven Grand Managers LLC purchased a new stake in shares of Chime Financial during the 2nd quarter valued at about $3,451,000. Finally, Franklin Resources Inc. acquired a new position in Chime Financial during the 2nd quarter worth approximately $24,157,000.

Chime Financial Stock Down 4.4%

Shares of NASDAQ:CHYM opened at $25.17 on Friday. The company has a market cap of $9.43 billion and a P/E ratio of -3.38. The business has a fifty day simple moving average of $21.98 and a 200-day simple moving average of $25.36. Chime Financial has a 52 week low of $16.17 and a 52 week high of $44.94.

Chime Financial (NASDAQ:CHYM) last released its earnings results on Wednesday, November 5th. The company reported ($0.15) earnings per share for the quarter, topping the consensus estimate of ($0.25) by $0.10. The business had revenue of $543.52 million for the quarter. The company’s revenue for the quarter was up 28.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.34) EPS.

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.