Chime Financial (NASDAQ:CHYM) Upgraded at Arete Research

Arete Research upgraded shares of Chime Financial (NASDAQ:CHYM) to a strong-buy rating in a report released on Tuesday,Zacks.com reports.

Several other brokerages have also commented on CHYM. JPMorgan Chase & Co. assumed coverage on shares of Chime Financial in a research note on Monday, July 7th. They set an “overweight” rating and a $40.00 price target on the stock. Arete assumed coverage on shares of Chime Financial in a research note on Tuesday. They set a “buy” rating and a $34.00 price target on the stock. Evercore ISI assumed coverage on shares of Chime Financial in a research note on Monday, July 7th. They set an “outperform” rating and a $38.00 price target on the stock. Wolfe Research assumed coverage on shares of Chime Financial in a research note on Monday, July 7th. They set an “outperform” rating and a $38.00 price target on the stock. Finally, Keefe, Bruyette & Woods dropped their price target on shares of Chime Financial from $42.00 to $35.00 and set an “outperform” rating on the stock in a research note on Wednesday. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, Chime Financial presently has a consensus rating of “Moderate Buy” and a consensus price target of $37.15.

Chime Financial Trading Up 4.9%

Shares of CHYM opened at $20.99 on Tuesday. The company’s 50 day moving average is $26.87. Chime Financial has a 52 week low of $19.85 and a 52 week high of $44.94.

Chime Financial (NASDAQ:CHYM) last announced its quarterly earnings data on Thursday, August 7th. The company reported ($7.29) EPS for the quarter, missing analysts’ consensus estimates of ($4.85) by ($2.44). The company had revenue of $528.15 million for the quarter, compared to analysts’ expectations of $503.88 million. The company’s quarterly revenue was up 37.5% compared to the same quarter last year. Chime Financial has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Galileo PTC Ltd acquired a new position in Chime Financial in the 2nd quarter valued at $1,803,793,000. ICONIQ Capital LLC acquired a new position in Chime Financial in the 2nd quarter valued at $518,844,000. Dragoneer Investment Group LLC acquired a new position in Chime Financial in the 2nd quarter valued at $295,022,000. Orland Properties Ltd acquired a new position in Chime Financial in the 2nd quarter valued at $159,093,000. Finally, Scge Management L.P. acquired a new position in Chime Financial in the 2nd quarter valued at $152,563,000.

About Chime Financial

Chime is a financial technology company that partners with federally regulated, FDIC-insured banks—The Bancorp Bank, N.A. and Stride Bank, N.A., Members FDIC—to provide consumer banking products and services. The company’s model is designed to eliminate common fees and simplify access to basic financial services.

Chime does not charge overdraft fees, monthly service fees, or require minimum balances.