Chime Financial, Inc. (NASDAQ:CHYM) Receives Average Rating of “Moderate Buy” from Analysts

Chime Financial, Inc. (NASDAQ:CHYM) has received a consensus rating of “Moderate Buy” from the eighteen analysts that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, four have given a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $32.4375.

A number of equities analysts have recently issued reports on the stock. B. Riley initiated coverage on shares of Chime Financial in a research note on Thursday, December 11th. They issued a “buy” rating and a $35.00 price objective for the company. UBS Group dropped their price target on shares of Chime Financial from $37.00 to $24.00 and set a “neutral” rating for the company in a research report on Thursday, November 6th. William Blair reaffirmed an “outperform” rating on shares of Chime Financial in a report on Tuesday, September 30th. Keefe, Bruyette & Woods lowered their price objective on Chime Financial from $42.00 to $35.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 1st. Finally, Jefferies Financial Group assumed coverage on Chime Financial in a research report on Monday, November 3rd. They set a “hold” rating and a $17.00 target price for the company.

Chime Financial Trading Up 0.9%

Shares of CHYM stock opened at $26.07 on Tuesday. Chime Financial has a 12 month low of $16.17 and a 12 month high of $44.94. The company has a market capitalization of $9.77 billion and a P/E ratio of -3.50. The stock has a 50 day moving average of $23.97 and a two-hundred day moving average of $24.90.

Chime Financial (NASDAQ:CHYM) last released its quarterly earnings data on Wednesday, November 5th. The company reported ($0.15) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.25) by $0.10. The firm 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 company posted ($0.34) EPS.

Insider Buying and Selling

In other Chime Financial news, CEO Christopher R. Britt sold 50,000 shares of Chime Financial stock in a transaction on Friday, January 9th. The stock was sold at an average price of $28.06, for a total transaction of $1,403,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, General Counsel Adam B. Frankel sold 6,760 shares of the company’s stock in a transaction dated Monday, December 8th. The stock was sold at an average price of $23.84, for a total transaction of $161,158.40. Following the completion of the sale, the general counsel directly owned 244,416 shares in the company, valued at approximately $5,826,877.44. The trade was a 2.69% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 256,539 shares of company stock valued at $6,973,943.

Institutional Trading of Chime Financial

Several large investors have recently added to or reduced their stakes in the company. Galileo PTC Ltd bought a new position in shares of Chime Financial in the second quarter valued at approximately $1,803,793,000. ICONIQ Capital LLC acquired a new stake in Chime Financial during the 2nd quarter valued at $518,844,000. Dragoneer Investment Group LLC acquired a new stake in Chime Financial during the 2nd quarter valued at $295,022,000. Capital Research Global Investors raised its position in Chime Financial by 90.0% in the 3rd quarter. Capital Research Global Investors now owns 6,878,057 shares of the company’s stock valued at $138,730,000 after purchasing an additional 3,258,179 shares during the last quarter. Finally, Orland Properties Ltd acquired a new position in Chime Financial in the second quarter worth $159,093,000.

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.