Chime Financial (NASDAQ:CHYM) Price Target Raised to $31.00

Chime Financial (NASDAQ:CHYM) had its target price boosted by UBS Group from $28.00 to $31.00 in a research report released on Wednesday morning,Benzinga reports. UBS Group currently has a neutral rating on the stock.

CHYM has been the subject of a number of other reports. Scotiabank began coverage on shares of Chime Financial in a research note on Wednesday, September 2nd. They issued a “sector outperform” rating and a $40.00 target price for the company. Keefe, Bruyette & Woods increased their price target on shares of Chime Financial from $30.00 to $35.00 and gave the stock an “outperform” rating in a research note on Thursday, August 6th. Piper Sandler raised their price target on shares of Chime Financial from $35.00 to $40.00 and gave the company an “overweight” rating in a report on Wednesday. B. Riley Financial lifted their price objective on shares of Chime Financial from $35.00 to $37.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Finally, Barclays upped their price objective on shares of Chime Financial from $33.00 to $40.00 and gave the stock an “overweight” rating in a report on Wednesday. Four analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $35.00.

Chime Financial Price Performance

Shares of NASDAQ CHYM opened at $33.00 on Wednesday. Chime Financial has a one year low of $15.88 and a one year high of $35.55. The business’s 50-day moving average price is $27.73 and its two-hundred day moving average price is $22.50. The company has a market capitalization of $12.49 billion, a P/E ratio of -471.36 and a beta of 0.60.

Chime Financial (NASDAQ:CHYM) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.08. The company 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 firm’s revenue for the quarter was up 26.8% on a year-over-year basis. During the same period last year, the business earned ($7.29) earnings per share. On average, equities analysts anticipate that Chime Financial will post 0.44 EPS for the current year.

Insider Buying and Selling

In other Chime Financial news, CEO Christopher Britt sold 200,000 shares of the stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $32.04, for a total transaction of $6,408,000.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Global Advisors Ltd Dst sold 59,630 shares of Chime Financial stock in a transaction that occurred on Wednesday, September 9th. The shares were sold at an average price of $35.03, for a total transaction of $2,088,838.90. Following the completion of the transaction, the insider directly owned 368,812 shares in the company, valued at approximately $12,919,484.36. This represents a 13.92% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 14,001,346 shares of company stock worth $455,248,155 over the last ninety days. Company insiders own 12.30% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of CHYM. Engineers Gate Manager LP acquired a new position in Chime Financial during the 2nd quarter worth $1,810,000. Arizona State Retirement System acquired a new stake in shares of Chime Financial in the second quarter valued at about $692,000. Light Street Capital Management LLC grew its position in shares of Chime Financial by 5.8% in the second 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. Allianz Asset Management GmbH bought a new position in shares of Chime Financial in the second quarter worth about $7,828,000. Finally, California State Teachers Retirement System bought a new position in shares of Chime Financial in the second quarter worth about $59,367,000.

Key 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.

Chime Financial Company Profile

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.