Chime Financial’s (CHYM) “Buy” Rating Reiterated at Canaccord Genuity Group

Canaccord Genuity Group reissued their buy rating on shares of Chime Financial (NASDAQ:CHYM) in a research report sent to investors on Thursday morning,Benzinga reports. The brokerage currently has a $40.00 price objective on the stock.

Other equities analysts have also recently issued reports about the company. Morgan Stanley assumed coverage on Chime Financial in a report on Monday, July 7th. They set an “overweight” rating and a $39.00 price target on the stock. The Goldman Sachs Group cut their price target on Chime Financial from $35.00 to $25.00 and set a “neutral” rating on the stock in a report on Monday, October 13th. Keefe, Bruyette & Woods cut their price target on Chime Financial from $42.00 to $35.00 and set an “outperform” rating on the stock in a report on Wednesday, October 1st. Weiss Ratings restated a “sell (d-)” rating on shares of Chime Financial in a report on Wednesday, October 8th. Finally, Piper Sandler assumed coverage on Chime Financial in a report on Monday, July 7th. They set an “overweight” rating and a $40.00 price target on the stock. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $36.46.

Chime Financial Price Performance

NASDAQ:CHYM opened at $17.17 on Thursday. The firm’s 50 day moving average price is $21.81. Chime Financial has a fifty-two week low of $16.74 and a fifty-two week high of $44.94.

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

Hedge Funds Weigh In On Chime Financial

A number of large investors have recently modified their holdings of the company. Whittier Trust Co. of Nevada Inc. bought a new position in shares of Chime Financial in the 3rd quarter worth $4,026,000. Rakuten Investment Management Inc. bought a new position in shares of Chime Financial in the 3rd quarter worth $342,000. SG Americas Securities LLC bought a new position in shares of Chime Financial in the 3rd quarter worth $295,000. Hennessy Advisors Inc. lifted its holdings in shares of Chime Financial by 183.3% in the 3rd quarter. Hennessy Advisors Inc. now owns 17,000 shares of the company’s stock worth $343,000 after purchasing an additional 11,000 shares in the last quarter. Finally, Renaissance Capital LLC bought a new position in shares of Chime Financial in the 3rd quarter worth $822,000.

Chime Financial Company Profile

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.