Chime Financial (NASDAQ:CHYM) Trading Down 6.2% – Should You Sell?

Shares of Chime Financial, Inc. (NASDAQ:CHYM) traded down 6.2% on Friday . The stock traded as low as $29.32 and last traded at $29.3010. 8,763,638 shares were traded during mid-day trading, an increase of 78% from the average session volume of 4,918,979 shares. The stock had previously closed at $31.25.

Key Headlines Impacting Chime Financial

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

• Positive Sentiment: Chime reported second-quarter EPS of $0.07, compared with the consensus estimate of a $0.01 loss. Revenue increased 26.8% year over year to $669.77 million, and the company delivered its second consecutive quarter of GAAP profitability. Chime Reports Second Quarter 2026 Financial Results
• Positive Sentiment: Third-quarter revenue guidance of $680 million to $690 million exceeded the $669.5 million analyst consensus, suggesting continued momentum in user engagement, direct-deposit adoption, Chime Prime and lending-related products. Chime Financial Q2 Earnings Metrics
• Positive Sentiment: Several analysts raised their targets after the results. Canaccord lifted its target to $45, B. Riley to $37, Piper Sandler and KBW to $35, and Barclays, Morgan Stanley and Goldman Sachs to $33. Most maintained positive ratings, reinforcing the bullish earnings reaction. Analyst Price Target Changes
• Neutral Sentiment: Chime raised its 2026 revenue outlook to approximately $2.725 billion to $2.745 billion, broadly consistent with expectations. However, CFO Matt Newcomb is stepping down, creating a leadership-transition risk. Chime Revenue Forecast and CFO Departure
• Negative Sentiment: The company plans to reduce its workforce by roughly 10%. The move may improve operating efficiency and margins, but it also signals a cost-cutting effort and could raise concerns about execution or growth investment. Chime Workforce Reduction and Revenue Forecast

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. Piper Sandler boosted their target price on shares of Chime Financial from $30.00 to $35.00 and gave the company an “overweight” rating in a report on Thursday. Wall Street Zen raised shares of Chime Financial from a “hold” rating to a “buy” rating in a research note on Saturday, July 25th. The Goldman Sachs Group upped their price objective on shares of Chime Financial from $26.00 to $33.00 and gave the stock a “buy” rating in a report on Thursday. Morgan Stanley raised their target price on shares of Chime Financial from $31.00 to $33.00 and gave the company an “overweight” rating in a research note on Thursday. Finally, B. Riley Financial boosted their price target on Chime Financial from $35.00 to $37.00 and gave the stock a “buy” rating in a research report on Thursday. Three research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $31.06.

Chime Financial Trading Down 5.9%

The stock’s 50 day moving average is $20.31 and its 200-day moving average is $20.77. The company has a market cap of $11.21 billion, a P/E ratio of -420.34 and a beta of 0.31.

Chime Financial (NASDAQ:CHYM) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.08. Chime Financial had a negative return on equity of 1.27% and a negative net margin of 0.74%.The company had revenue of $669.77 million during the quarter. During the same period last year, the company earned ($7.29) earnings per share. The business’s revenue was up 26.8% compared to the same quarter last year. As a group, sell-side analysts forecast that Chime Financial, Inc. will post 0.3 EPS for the current year.

Insider Buying and Selling

In related news, General Counsel Adam B. Frankel sold 3,000 shares of the company’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $17.50, for a total value of $52,500.00. Following the transaction, the general counsel directly owned 303,795 shares in the company, valued at approximately $5,316,412.50. This represents a 0.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Amine Asmerom sold 10,000 shares of the firm’s stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $25.00, for a total value of $250,000.00. Following the transaction, the chief accounting officer owned 226,946 shares in the company, valued at approximately $5,673,650. This trade represents a 4.22% 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. In the last quarter, insiders have sold 16,000 shares of company stock worth $356,500. Company insiders own 12.30% of the company’s stock.

Institutional Investors Weigh In On Chime Financial

Institutional investors and hedge funds have recently made changes to their positions in the stock. Bank of New York Mellon Corp purchased a new stake in shares of Chime Financial in the second quarter valued at about $13,453,000. Handelsbanken Fonder AB purchased a new position in shares of Chime Financial in the 2nd quarter worth $1,358,000. Affinity Capital Advisors LLC purchased a new stake in Chime Financial in the second quarter worth $325,000. AMS Capital Ltda purchased a new stake in shares of Chime Financial in the 1st quarter worth $3,439,000. Finally, NewEdge Advisors LLC lifted its holdings in shares of Chime Financial by 61.8% in the 1st quarter. NewEdge Advisors LLC now owns 28,780 shares of the company’s stock valued at $539,000 after buying an additional 10,997 shares during the period.

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.